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BRIEF-Oasis Petroleum announces acquisition of land in the Williston Basin

Oct 18 Oasis Petroleum Inc

* Oasis Petroleum announces the acquisition of approximately 55,000 net acres in the Williston Basin and provides financial, operational and guidance updates

* Average daily production of 48,509 barrels of oil equivalent per day ("boepd") in Q3 of 2016

* Increased full-year 2016 stand-alone company guidance of 49,300 to 50,000 BOEPD

* Oasis Petroleum says expect October 2016 production to average over 50,000 BOEPD

* During Q3 of 2016, Oasis produced 48,509 BOEPD, of which 81.3% was oil

* Oasis Petroleum to acquire 55,000 net acres and an estimated 226 gross operated drilling locations in Williston Basin for approximately $785 million

* Properties to be acquired are expected to produce 12,400 BOE/D in three months ending December 31, 2016

* Sees 2016 capex of $400 million

* Expects to operate approximately 75% of the acquired properties based on proved reserves

* Expect acquired asset will generate substantial shareholder accretion based on currently anticipated acquisition financing Source text for Eikon: Further company coverage:

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