Oasis Petroleum Inc.
Description
Oasis Petroleum Inc. has priced its equity offering of 32 million shares of common stock for total gross proceeds of approximately $305.6 million. The company intends to use the net proceeds from this offering to fund a portion of its acquisition of assets in the Permian Basin from Forge Energy LLC. Oasis granted the underwriters a 30-day option to purchase up to 4.8 million additional shares of common stock. The offering is expected to close December 13, 2017.