Oasis Petroleum Inc. - Ordinary Shares - New

+2.68 (+2.76%)
Divestitures / Spin-offs, Other Pre-Announcement, Mergers / Acquisitions

Oasis Petroleum Announces Sale Of Permian Assets

Published: 05/20/2021 20:52 GMT
Oasis Petroleum Inc. - Ordinary Shares - New (OAS) - Oasis Petroleum Inc. Announces Strategic Sale of Its Permian Assets and Updates 2021 Outlook.
Oasis Petroleum - Entered Into Series of Definitive Agreements to Sell Entire Permian Basin Position for Total Gross Potential Consideration of $481mm.
Oasis Petroleum Inc - FY21 Volumes Are Now Expected to Be 63.5 - 66.5 Mboepd and 4q21 Volumes Are Expected to Be 74.5 - 77.5 Mboepd.
Oasis Petroleum - 2021 E&p Capex Expected to Range Between $205mm - $220mm, As Incremental Activity Planned in Permian Expected to Shift Into Williston in 2h21.
Oasis Petroleum - Combined Williston and Permian Transactions Are Highly Accretive.