KLR Group Raises Price Target on Oasis Petroleum (OAS) Following Williston Basin Acquisition
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Oasis Petroleum Inc. Announces Pricing of Upsized Public Offering of Common Stock
October 18, 2016 9:22 AM EDTHOUSTON, Oct. 18, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that it has priced an upsized underwritten public offering of 48,000,000 shares of common stock for total gross proceeds (before the underwriters' discounts and commissions and estimated offering expenses) of approximately $518.4 million. The Company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of SM Energy Company's Bakken assets (the "Acquisition"). The offering is not conditioned on the consummation of the... More
Oasis Petroleum Inc. Announces Public Offering of Common Stock
October 18, 2016 6:49 AM EDTHOUSTON, Oct. 18, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that it has commenced an underwritten public offering of 40,000,000 shares of common stock. Oasis expects to grant the underwriters a 30-day option to purchase up to 6,000,000 additional shares of common stock. The Company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of SM Energy Company's Bakken assets (the "Acquisition"). The offering is not conditioned on the consummation of the Acquisition,... More
Oasis Petroleum Inc. Announces the Acquisition of Approximately 55,000 Net Acres in the Williston Basin and Provides Financial, Operational and Guidance Updates
October 18, 2016 6:41 AM EDTHOUSTON, Oct. 18, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced:
Select operational results, preliminary financial results for the third quarter of 2016, and an update to full year 2016 guidance The acquisition of approximately 55,000 net acres in the heart of the Williston Basin The redetermination of its borrowing base, which remained unchanged at $1,150 million, and liquidity outlook Update on hedging activity Conference call to discuss this press release as well as upcoming conference appearancesThird Quarter 2016 Highlights... More
