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Oasis Petroleum Inc. is an independent exploration and production (E&P) company. The Company is focused on the acquisition and development of onshore, unconventional crude oil and natural gas resources in the United States. The Company's E&P is engaged in the acquisition and development of oil and gas properties. Its E&P activities are conducted by Oasis Petroleum North America LLC (OPNA), which owns its oil and gas properties located in the North Dakota and Montana regions of the Williston Basin.
The Company focuses on its operated acreage is in the counties of McKenzie, Mountrail, and Williams. The Williston Basin produces crude by drilling horizontally. Its production in the Basin primarily comes from two zones: The Middle Williston and the Three Forks. .