Oasis Petroleum (OAS) Declares $4.00 Special Dividend; Expects to Hike Regular Dividend 33%
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Oasis Petroleum Inc. Announces Expected Redemption of OMP Common Units and Declares $4.00 per Share Special Dividend
June 29, 2021 7:00 AM EDTHOUSTON, June 29, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that upon the closing of the offering by Oasis Midstream Partners LP (NASDAQ: OMP) of 3,623,188 of its common units at a price of $24 per unit (the "Offering"), OMP would use the proceeds of the Offering to redeem an equal number of common units held by a subsidiary Oasis (the "Redemption"). The closing of the Offering and the Redemption are scheduled to occur today, June 29, 2021. The Offering was designed to improve OMP's... More
