Oasis Petroleum Exits Permian Basin in Sale Worth over $480 Million
Transaction Type
Sellers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$481.0MM
Description
Bought, in three separate transactions, Oasis’ Permian position consists of approximately 24,000 net acres in the core of the Delaware Basin in W TX producing about 7,200 boe/d; Percussion Petroleum was buyer of primary transaction valued at $375 MM that includes contingent payments tied to future oil prices.