Seeking Alpha

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.
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