Oasis Petroleum Inc. - 2012-07-10

Oasis Petroleum has priced an offering of $400 million aggregate principal amount of senior unsecured notes due 2023. The notes will bear interest at a rate of 6.875% per annum and will be issued at par. The size of the offering was increased from the previously announced $300 million to $400 million. Oasis intends to use the net proceeds from the offering to fund its exploration, development and acquisition program and for general corporate purposes. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, RBC Capital Markets, LLC, UBS Securities LLC, RBS Securities Inc. and Tudor, Pickering, Holt & Co. Securities, Inc. are acting as joint book-running managers for the senior unsecured notes offering.