Chord Energy Corp

Chord Energy agreed to acquire Canadian producer Enerplus Corporation in a stock-and-cash deal, extending its Williston Basin buildout.

business combination

Oasis Petroleum's merger with Whiting Petroleum closed; the combined company renamed itself Chord Energy Corporation, began trading as CHRD on Nasdaq, and paid out the $15.00-per-share special dividend on July 8.

dividend declaration

Oasis Petroleum and Whiting Petroleum shareholders both voted at their June 28 special meetings to approve the merger and the related share issuance.

merger communication

Oasis Petroleum declared a $15.00-per-share special dividend, payable once its pending Whiting Petroleum merger closes and both companies' shareholders approve it.

merger communication

Oasis Petroleum's board formally declared the $15.00-per-share special dividend tied to completing its Whiting Petroleum merger, with both companies' shareholder votes scheduled for June 28, 2022.

dividend declaration

Oasis Petroleum registered the stock for its merger with Whiting Petroleum: each Whiting share becomes $6.25 in cash plus 0.5774 Oasis shares, Oasis holders take a $15.00 per share special dividend contingent on closing, and the two shareholder bases end up owning about 47% (Oasis) and 53% (Whiting) of a renamed, relisted combined company. Nominally an Oasis acquisition, in substance a merger of equals between two Bakken producers; Whiting's board had been chosen by its noteholders during its 2020 Chapter 11 reorganisation.

business combination

Oasis Petroleum and Whiting Petroleum Corporation formally signed their Agreement and Plan of Merger, with Oasis's board approving a doubling of its authorized shares to 120 million to cover the new stock it will issue.

merger communication

Oasis Petroleum and Whiting Petroleum Corporation announced a "merger of equals," combining to create a larger Williston Basin operator with about 970,000 net acres and 170,000 barrels of oil equivalent per day of production.

business combination

The Oasis Midstream Partners-Crestwood merger closed: each OMP public unit converted into 0.87 Crestwood units, and Oasis's own units converted into $150 million cash plus Crestwood units, leaving Oasis owning about 21.7% of Crestwood. Oasis also ended a shareholder-rights plan it no longer needed.

asset acquisition disposition

Oasis Petroleum, Oasis Midstream Partners LP and Crestwood Equity Partners LP formally signed the merger agreement combining OMP into Crestwood.

merger communication

Oasis Petroleum announced that its publicly traded midstream unit, Oasis Midstream Partners LP, would merge into Crestwood Equity Partners LP.

merger communication

Oasis Petroleum completed its roughly $745 million purchase of Williston Basin assets from Diamondback Energy's QEP Energy subsidiary, paying $511.3 million net at closing, and its credit-facility borrowing base rose to $900 million.

asset acquisition disposition

Oasis Petroleum paid out a $4.00-per-share special dividend, funded by its 2021 asset sales, on top of its new regular dividend.

dividend declaration

Oasis Petroleum agreed to sell its entire Permian Basin position - the acreage it entered via its 2018 Forge Energy deal - to Percussion Petroleum Operating II, LLC and others for up to $481 million, refocusing entirely on the Williston Basin.

material agreement

Oasis Petroleum completed the sale of its remaining Bobcat and Beartooth midstream interests to Oasis Midstream Partners LP, finishing the simplification announced the previous month.

debt financing

Oasis Petroleum agreed to sell its remaining stake in its Bobcat and Beartooth midstream gathering systems to Oasis Midstream Partners LP for about $510 million in cash and units, give up its special payout rights in the partnership, and authorized a new $100 million share buyback on top of its new dividend.

material agreement

Having emerged from Chapter 11 bankruptcy in late 2020, Oasis Petroleum reported a strengthened balance sheet, reduced revolver debt, and declared its first-ever dividend ($1.50/share annualized) - the turnaround after its restructuring.

debt financing

the exchange certified Chord Energy Corp's securities for listing, clearing them to begin trading.

listing compliance notice

Chord Energy Corp's exchange filed to remove a class of its securities from listing.

listing compliance notice

Oasis Petroleum arranged debtor-in-possession financing with Wells Fargo to keep operating while it worked through its Chapter 11 bankruptcy case.

debt financing

Oasis Petroleum and its affiliates filed for Chapter 11 bankruptcy protection on September 30, 2020, triggering the delisting of its stock.

listing compliance notice

Oasis Petroleum and its lenders agreed to unwind the company's hedging positions, a step taken in the run-up to its Chapter 11 filing.

debt financing

Nasdaq notified Oasis Petroleum that its stock no longer met listing requirements, another marker of the distress that preceded its bankruptcy filing weeks later.

listing compliance notice

As oil prices collapsed in early 2020, Oasis Petroleum's lenders granted it a waiver and amended its credit agreement - an early sign of the financial strain that would lead to bankruptcy later that year.

debt financing

the exchange certified Chord Energy Corp's securities for listing, clearing them to begin trading.

listing compliance notice

Chord Energy Corp's securities were notified for removal from listing and registration on its exchange.

listing compliance notice

Oasis Petroleum closed its first entry into the Permian Basin, buying about 22,000 net Delaware Basin acres from Forge Energy, LLC and paying partly in Oasis stock.

asset acquisition disposition

Oasis Petroleum took its midstream business public, selling units in new subsidiary Oasis Midstream Partners LP at $17 each and contributing several Williston Basin gathering and gas-processing assets to it.

asset acquisition disposition

Oasis Petroleum completed its purchase of about 55,000 net Williston Basin acres from SM Energy Company for $765.8 million.

asset acquisition disposition

Oasis Petroleum agreed to buy about 55,000 net Williston Basin acres from SM Energy Company for roughly $785 million cash, its next major expansion after the 2013 acquisitions.

debt financing

Oasis Petroleum closed its purchase of 136,000 net Williston Basin acres for about $1.48 billion, plus three smaller deals for $63 million, funded by the bonds and credit line it had just arranged.

asset acquisition disposition

Oasis Petroleum agreed to buy 136,000 net acres in the Williston Basin for about $1.45 billion, part of four separate deals totaling 161,000 net acres and $1.515 billion, roughly a 50% expansion of its acreage.

debt financing