Oasis Petroleum Inc. reported operational results for the month, fourth quarter and full year ended December 31, 2011. In December 2011, the company produced approximately 16,177 Boepd, which includes 6.3 million cubic feet per day (MMcfpd) of natural gas. The company completed and brought on production 17 gross (13.5 net) operated wells during the fourth quarter of 2011. Average daily production for the fourth quarter of 2011 was 15,243 Boepd, an increase of 103% as compared to 7,511 Boepd in the fourth quarter of 2010. The company completed and brought on production 63 gross (49.2 net) operated wells in the Williston Basin in 2011. At year-end, there were 25 gross (19.6 net) operated wells awaiting completion and 7 gross (4.8 net) operated wells in the process of drilling. The Company had two additional rigs moving between locations on December 31, 2011. On an operated and non-operated basis, the Company completed and brought on production 135 gross (53.6 net) oil and gas wells. Overall, from 2010 to 2011 the Company grew its number of productive gross wells by 55% (net 90%). Average daily production for the full year 2011 increased to 10,724 Boepd, or by 106% over full year 2010. The company is estimating capital expenditures for the full year 2011 to total between $660 million and $667 million. The increase in the company's estimate for CapEx compared to the $627 million budget set in August 2011 was primarily due to increased interests in wells driven by acreage consolidation as well as higher than budgeted well costs. The company's 2012 capital expenditure budget totals $884 million, which consists of $846 million for exploration and production CapEx and $38 million for other CapEx, including Oasis Well Services and non-E&P capital. The company expects production in the range of 18,000 Boepd - 22,000 Boepd. For the first quarter of fiscal 2012, the company expects production in the range of 15,000 Boepd - 16,500 Boepd.