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Oasis Petroleum CEO Discusses Q3 2011 Results - Earnings Call Transcript

Oasis Petroleum Inc. ( OAS)

Q3 2011 Earnings Conference Call

November 8, 2011 11:00 AM ET

Executives

Michael Lou – Chief Financial Officer

Thomas Nusz – President and CEO

Taylor Reid – Chief Operating Officer

Analysts

Ron Mills – Johnson Rice & Company

Marty Beskow – Northland Capital Markets

Marcus Talbert – Canaccord

William Butler – Stephens

Dave Kistler – Simmons & Company

Andrew Coleman – Raymond James

Jason Wrangler – SunTrust Robinson Humphrey

Scott Hanold – RBC

David Snow – Juniper Research

Peter Mahon – Dougherty & Company

David Deckelbaum – KeyBanc Capital Markets Inc.

Presentation

Operator

Good morning, my name is Robin [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2011 Earnings Release and Operations Update for Oasis Petroleum. All lines have been placed on mute to prevent any background noise. (Operator instructions).

Thank you, Mr. Lou, you may begin your conference.

Michael Lou

Thank you, Robin [ph], good morning everyone, this is Michael Lou. We are reporting our third quarter ending September 30, 2011 results today, and we’re delighted to have you on our call. I’m joined today by Tommy Nusz and Taylor Reid, as well as other member of the team.

Please be advised that our following remarks including the answers to your questions include statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could the cause actual results to be materially different from those currently anticipated.

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