$OAS long term oil pick I'm watching this for a low entry with huge upside! Oasis Petroleum, Inc. operates as an exploration and production company, which focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota. The company currently exploits significant resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of its acreage. Oasis Petroleum was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.