Nov 6 (Reuters) – Oasis Petroleum Inc, which drills
for oil in North Dakota’s Bakken shale field, posted a
better-than-expected quarterly profit on Wednesday, helped
largely by new wells and a rise in production.
The company posted third-quarter net income of $54.5
million, or 59 cents per share, compared with $18.3 million, or
20 cents per share, in the year-ago period.