Oasis Petroleum Sells Midstream Interests in $510 Million Deal

Transaction Type
Basin
Williston Basin; Permian Basin
Announce Date
Post Date
Estimated Price
$510.0MM
Description

To purchase Oasis' remaining interests in Bobcat DevCo LLC and Beartooth DevCo LLC plus eliminate IDRs from its capital structure in exchange for $229 MM in cash and 14.8 million OMP common units. (Expected to close March 2021)