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.
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.
Oasis Petroleum paid bondholders across its 2019, 2021 and 2023 notes a consent fee to loosen restrictions on how much it can borrow under its credit line.
Oasis Petroleum registered $1 billion of 6.875% senior notes due 2022 so the private buyers could swap into freely tradeable notes on identical terms - the registration-rights formality that follows a private placement, not new money.
2 Oct 2013asset acquisition disposition▲ GoodMajor
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.
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.
Oasis Petroleum's regular credit-line review raised its borrowing base from $750 million to $1,250 million and expanded its overall facility from $1 billion to $2.5 billion.
Oasis Petroleum corrected an error in how it had calculated 2010 loss-per-share in its annual report, restating the figure and share count from its 2010 IPO year.