Bakken Shale producer Oasis Petroleum unveiled a rough capital spending plan on Thursday that would allow production to slide 1%-9% in 2016 while spending 33% less than last year, a move largely prompted by lower oil prices. Oasis, one of the larger Bakken operators in the North Dakota and Montana play, expects to produce 46,000-50,000 b/d of oil equivalent there this year, down from 50,477 boe/d in 2015, the company said in a statement. With a midpoint of 48,000 boe/d eyed for 2016, production would drop 5%. That “implies a 5% year-over-year overall production decline,” Guggenheim analyst Subash Chandra said in a Thursday investor note. Still, last year’s 50,477 boe/d of output was 11% higher than in 2014, Oasis said. So far, most companies that have released capital budgets for 2016 also expect lower year-on-year output, unlike last year, when operators boasted of being able to grow production on […]