Oasis Petroleum (OAS) Plans IPO for Certain Midstream Assets

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Go back to Oasis Petroleum (OAS) Plans IPO for Certain Midstream Assets

Oasis Petroleum Announces Plans for an Initial Public Offering of certain of its Midstream Assets

May 8, 2017 5:30 PM EDT

HOUSTON, May 8, 2017 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today its intention to contribute a portion of its midstream assets to a Master Limited Partnership (MLP) and sell a minority interest in the MLP in an initial public offering.  The MLP is intended to support Oasis's strategy to grow its midstream business.  The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana and include a... More