Oasis Petroleum Inc. announced today it has completed the previously announced strategic acquisition of Williston Basin assets from Diamondback Energy . The cash payment made at closing to the Seller of $511.3MM is net of the $75MM deposit paid in 2Q21 and reflects customary purchase price adjustments to the transaction, which was valued at [...]
HOUSTON, Sept. 30, 2021 /PRNewswire/ -- Oasis Petroleum Inc. announced today that the Company and QEP Energy Company , a wholly-owned subsidiary of Diamondback Energy Inc., have agreed to extend the outside date for the consummation of the Company's previously announced acquisition of QEP's Williston Basin assets to October 27, 2021. Both Oasis and [...]
Oasis Petroleum Inc. today released its inaugural sustainability report, which outlines the Company's commitment to environmental stewardship, social responsibility, and corporate governance. The report is available on the Company's website at www.oasispetroleum.com. The Oasis Board has unanimously and fully supported the publication of this report [...]
HOUSTON, Aug. 3, 2021 /PRNewswire/ -- Oasis Petroleum Inc. today announced financial and operating results for the second quarter of 2021, declared its second quarter 2021 dividend, and updated its 2021 outlook. 2Q21 Operational and Financial Highlights: Produced total volumes of 54.3 MBoepd and oil volumes of 34.7 MBopd in 2Q21, both above [...]
Oasis Petroleum Inc. plans to announce its Second Quarter 2021 financial and operational results on Tuesday, August 3, 2021 at market close. Additionally, the Company will host a live webcast and conference call on Wednesday, August 4, 2021 at 9:00 a.m. Central Time to discuss Second Quarter 2021 financial and operational results. Investors [...]
HOUSTON, June 29, 2021 /PRNewswire/ -- Oasis Petroleum Inc. announced today that upon the closing of the offering by Oasis Midstream Partners LP of 3,623,188 of its common units at a price of $24 per unit , OMP would use the proceeds of the Offering to redeem an equal number of common units held by a subsidiary Oasis . The closing of the Offering [...]
Oasis Petroleum Inc. announced today pricing of its private placement to eligible purchasers of $400.0 million in aggregate principal amount of 6.375% senior unsecured notes due 2026 . The notes were priced at par. The offering is expected to close on June 9, 2021, subject to customary closing conditions. Oasis intends to use the net proceeds from [...]
Oasis Petroleum Inc. announced today that, subject to market conditions, it intends to offer $400.0 million in aggregate principal amount of senior unsecured notes due 2026 in a private placement to eligible purchasers . Oasis intends to use the net proceeds from the offering to fund a portion of the consideration in connection with the recently [...]
Oasis Petroleum Inc. announced today it has entered into a series of definitive agreements to sell its entire Permian Basin position for total gross potential consideration of $481MM. The total consideration consists of $406MM at closing and up to three $25MM annual contingent payments in 2023, 2024 and 2025 if WTI averages over $60 per barrel in [...]
Oasis Petroleum Inc. today announced a strategic acquisition of Williston Basin assets, reported financial and operating results for the first quarter of 2021, declared its first quarter 2021 dividend, and updated its 2021 outlook to incorporate the acquisition, including an expected 33% increase to its future quarterly fixed dividend after the [...]
Oasis Petroleum Inc. plans to announce its First Quarter 2021 financial and operational results on Wednesday, May 5, 2021 at market close. Additionally, the Company will host a live webcast and conference call on Thursday, May 6, 2021 at 10:30 a.m. Central Time to discuss First Quarter 2021 financial and operational results. Investors, analysts and [...]
HOUSTON, April 14, 2021 /PRNewswire/ -- Oasis Petroleum Inc. today announced that it has appointed Daniel E. "Danny" Brown as Chief Executive Officer effective April 13, 2021. At the same time, Mr. Brown was also appointed to the Oasis Board of Directors. Mr. Brown has 23 years of experience in the oil and natural gas industry having spent his [...]