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Oasis Petroleum will likely see additional consolidation in Bakken oilfield
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The Bakken oilfield will likely see additional consolidation as it develops, Oasis Petroleum CEO Daniel Brown said to investors on Tuesday, a day after his company declared its own acquisition of rival Diamondback Energy's Williston basin assets.


An executive said during a quarterly earnings call: "Oasis has decreased its well costs by 20%, aided by pricing concessions from oilfield service providers."


Source: Reuters