Oasis Midstream Partners LP announced today that, subject to market conditions, it and its wholly-owned subsidiary, OMP Finance Corp., intend to offer $450 million in aggregate principal amount of senior unsecured notes due 2029 in a private placement to eligible purchasers. The Partnership intends to use the net proceeds from this offering to make [...]
HOUSTON, March 22, 2021 /PRNewswire/ -- Oasis Petroleum Inc. today announced that it has entered into a contribution and simplification agreement pursuant to which it would contribute all of its remaining interests in Bobcat DevCo LLC and Beartooth DevCo LLC to Oasis Midstream Partners LP as well as eliminate its incentive distribution rights in [...]
Oasis Midstream Partners LP today announced it has entered into a contribution and simplification agreement to acquire all remaining interests in Bobcat DevCo LLC and Beartooth DevCo LLC from Oasis Petroleum Inc. as well as to eliminate the Partnership's incentive distribution rights in exchange for $229 million cash and 14.8 million units for [...]
Oasis Petroleum Inc. today announced select financial and operational results for the quarter and year ended December 31, 2020 and provided its 2021 outlook. Due to impacts from the recent winter storms in Texas, Oasis plans to provide an updated investor presentation and file its Form 10-K for the year ended December 31, 2020 on March 8, 2021 [...]
Oasis Petroleum Inc. plans to announce its Fourth Quarter 2020 financial and operational results on Wednesday, February 24, 2021 at market close. Additionally, the Company will host a live webcast and conference call on Thursday, February 25, 2021 at 10:00 a.m. Central Time to discuss Fourth Quarter 2020 financial and operational results [...]
HOUSTON, Jan. 21, 2021 /PRNewswire/ -- Oasis Petroleum Inc. announced today that its Board of Directors has approved and implemented a peer-leading compensation program specifically designed to better align management compensation with value creation, shareholder interests and the Company's new strategic objectives. Oasis has updated its investor [...]
Oasis Petroleum Inc. today announced that it has posted a new investor presentation on its web site, www.oasispetroleum.com, outlining the Company's new strategic and financial priorities. In addition, the Company said it will participate in Goldman Sachs Global Energy Conference 2021 that will be held virtually this year on January 7, 2021 and [...]
HOUSTON, Dec. 23, 2020 /PRNewswire/ -- Oasis Petroleum Inc. today announced that Thomas Nusz, the Company's Chief Executive Officer, retired from his position as Chief Executive Officer of Oasis and from its Board of Directors effective December 22, 2020. Mr. Nusz will remain employed by the Company through December 30, 2020. Douglas E. Brooks [...]
Emerges from Chapter 11 with a Significantly Stronger Balance Sheet, Poised for Long-Term Returns-Focused Success Oasis Petroleum Inc. today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Oasis Petroleum has successfully restructured its balance sheet and reduced its prepetition debt by $1.8 [...]
Expects to Emerge from Chapter 11 Within 30 Days with Strengthened Balance Sheet Upstream Operations and Production Continuing in Normal Course Oasis Petroleum Inc. today announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed its "pre-packaged" restructuring plan to strengthen the Company's balance sheet [...]
Restructuring Support Agreement and Consensual Prepackaged Plan to be Implemented through Voluntary Chapter 11 Process; Restructuring to Reduce Debt by $1.8 Billion Under the RSA, Oasis Petroleum is Expected to Pay Royalty Interest, Working Interest and Surface Owners in Full, Including Pre-Petition Balances in the Ordinary Course; Vendors and [...]
Business Operations Continuing in the Normal Course Oasis Petroleum Inc. today announced that the Company elected to enter into a 30-day grace period and defer making the interest payments due September 15, 2020 on its 6.875% Senior Unsecured Notes due 2022 and 2.625% Senior Unsecured Convertible Notes due 2023 while it continues ongoing [...]
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