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Oasis Petroleum Inc. Reports Third Quarter 2021 Results, Reiterates 2021 Outlook

/PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the third quarter of 2021....

Houston , Texas , United-states , Exchange-commission , Diamondback-energy-on , Oasis-petroleum-inc , Securities-exchange , Prnewswire-oasis-petroleum-inc , Nasdaq , Financial-highlights , Williston-basin-acquisition

Oasis Petroleum Inc. Reports Third Quarter 2021 Results, Reiterates 2021 Outlook

/PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the third quarter of 2021....

Houston , Texas , United-states , Beartooth-devco , Exchange-commission , Diamondback-energy-on , Oasis-petroleum-inc , Securities-exchange , Prnewswire-oasis-petroleum-inc , Nasdaq , Financial-highlights , Williston-basin-acquisition

Oasis Midstream Partners LP Announces Second Quarter 2021 Results, Increases Distribution and Updates Outlook

Oasis Midstream Partners LP Announces Second Quarter 2021 Results, Increases Distribution and Updates Outlook
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Delaware , United-states , Houston , Texas , Indian-hills , Alger , Algeria , America , Beartooth-devco , Taylor-reid , Panther-devco , Bob-bakanauskas

Oasis Petroleum Inc. Reports Second Quarter 2021 Results, Declares Dividend and Updates 2021 Outlook

Oasis Petroleum Inc. Reports Second Quarter 2021 Results, Declares Dividend and Updates 2021 Outlook
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Houston , Texas , United-states , Beartooth-devco , Danny-brown , Diamondback-energy , Nasdaq , Company-tax , Exchange-commission , Company-annual-report-on-form , Oasis-petroleum-inc , Securities-exchange

Oasis Petroleum Inc. Announces Strategic Acquisition of Williston Basin Assets, Reports First Quarter 2021 Results, Declares Dividend and Updates 2021 Outlook


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HOUSTON, May 3, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") 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 acquisition closes.
Williston Basin Acquisition
Oasis announced it has entered into a definitive agreement under which Oasis will acquire select Williston Basin assets from Diamondback Energy in a cash transaction valued at approximately $745MM, subject to customary purchase price adjustments. The consideration is expected to be financed through cash on hand (approximately $106MM as of March 31, 2021), revolver borrowings ($450MM elected commitment on $500MM borrowing base, none drawn as of March 31, 2021), and a $500MM fully committed underwritten bridge loan (expecting high yield financing to replace the bridge loan). The transaction was approved unanimously by the Board of the Directors of each company. The effective date of the acquisition will be April 1, 2021 and the closing is expected to occur in July 2021, subject to customary closing conditions.

Houston , Texas , United-states , Beartooth-devco , Danny-brown , Diamondback-energy , Oil-production-mbbl , Company-asset-statistics , Williston-oil-production-mbbl , Jp-morgan-securities , Kirkland-ellis , Nasdaq

Oasis Midstream Partners LP Announces First Quarter 2021 Results, Increases Distribution and Updates 2021 Outlook


Oasis Midstream Partners LP Announces First Quarter 2021 Results, Increases Distribution and Updates 2021 Outlook
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HOUSTON, May 3, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (NASDAQ: OMP) ("OMP" or the "Partnership") today announced financial and operating results for the first quarter of 2021, declared its first quarter 2021 distribution and updated its 2021 outlook.
1Q21 Operational and Financial Highlights:
Acquired remaining interests in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum and eliminated IDRs (the "Simplification");
Completed private placement of $450.0MM in aggregate principal amount of 8.00% senior unsecured notes due 2029;
Recently signed multiple incremental third-party contracts and continue to work a robust pipeline of new opportunities in the Williston and Permian Basins;

Houston , Texas , United-states , America , Beartooth-devcos , Beartooth-devco , Taylor-reid , Panther-devco , Bob-bakanauskas , Oasis-petroleum-inc , Bobcat-devco , Oasis-petroleum

Oil & Gas Stock Roundup: Updates From Equinor, Ovintiv, Oasis, Eni & Schlumberger

Oil & Gas Stock Roundup: Updates From Equinor, Ovintiv, Oasis, Eni & Schlumberger
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Italy , Norway , Iraq , United-kingdom , Paris , France-general , France , Eagle-ford , Texas , United-states , Norwegian , Iraqi

EOG: 3 Drilling Stocks to Ride the Rally in Oil

EOG: 3 Drilling Stocks to Ride the Rally in Oil
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China , Delaware , United-states , Saudi-arabia , Paris , France-general- , France , Texas , Oman , Rishab-dugar , Bobcat-devco , Midstream-services

Oasis Divesting Midstream Stakes Under Simplification Agreement, Buying Back $100M Shares

Oasis Divesting Midstream Stakes Under Simplification Agreement, Buying Back $100M Shares
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Texas , United-states , Housley-carr , Beartooth-devco , Oasis-petroleum-inc , York-mercantile-exchange , Bobcat-devco , New-york-mercantile-exchange , Oasis-petroleum , Oasis-midstream-partners , Bakken-shale , Wild-basin