Oasis Petroleum Inc. provided production guidance for the first quarter and full year and capital expenditure guidance for the first quarter of fiscal 2013. The company's 2013 capital expenditure budget totals $1,020 million, which consists of $996 million for Exploration and Production expenditure and $24 million for other expenditure, including OWS and non-E&P capital.

For the full year of 2013, the company expected production of 30,000 boepd - 34,000 boepd. LOE in a range of $5.75 to $7.00. The company is expecting to continue expansion of its pad development operations in 2013 as it expects to develop 60-70% of its wells on pads.

For the first quarter of 2013, the company expected production of 27,000 boepd - 29,000 boepd.