Oasis Petroleum Sells Midstream Interests in $510 Million Deal
Transaction Type
Sellers
Buyers
Basin
Williston Basin; Permian Basin
Announce Date
Post Date
Estimated Price
510MM
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)