Oasis Petroleum Q3 profit nearly triples as production jumps

Wed Nov 6, 2013 4:40pm EST

Nov 6 (Reuters) - Oasis Petroleum Inc, which drills for oil in North Dakota's Bakken shale field, said on Wednesday its third-quarter profit nearly tripled on a jump in production.

The company posted 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.

Revenue rose 65 percent to $305.49 million.

Production rose 10 percent to 33,064 barrels of oil equivalent per day (boe/d).

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