Oasis Energy (OAS): A Foreshadowing in the Bakken?
Here's what we recently picked up on OAS in the DISCERN Energy platform. The recently reported Wade Federal 5300 41-30 9B is the company's best Bakken well in >1 year, a nice step out Northwest of a strong cluster of North Dakota wells drilled in mid 2014.
They completed this in July, but it just hit the ND state O&G site. Given the higher quality of this well versus other wells tested by Oasis nearby, it could be a positive datapoint if the company can reproduce the quality of the Wade Federal.
Figure 1: The Wade Federal 5300 41-30 9B is the strongest well test by Oasis in just over a year (3126bpd, 99% oil)
Figure 2: The new well is several miles north and west of the other strong wells Oasis tested in early 2014.