real-time news and commentary for investors
Thursday, Sep 5
Oasis Petroleum buys Williston Basin acreage for $1.5B
- Oasis Petroleum (OAS) signs four separate purchase and sale agreements to acquire ~161K net acres in the Williston Basin for $1.5B.
- On a combined pro forma basis, OAS will have ~492K net acres with recent production of ~43K boe/day.
- OAS also announces the redetermination of its borrowing base to $1.5B from $1.25B.