Past year: ▲ 50%(90.72 – 147.11 USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Feb 2022asset acquisition disposition▲ GoodMajor
The Oasis Midstream Partners-Crestwood merger closed: each OMP public unit converted into 0.87 Crestwood units, and Oasis's own units converted into $150 million cash plus Crestwood units, leaving Oasis owning about 21.7% of Crestwood. Oasis also ended a shareholder-rights plan it no longer needed.
29 Dec 2021material agreement● Neutral
Oasis Petroleum amended its post-bankruptcy credit agreement.
28 Oct 2021merger communication● Neutral
Another excerpted filing of the same call discussing the pending Oasis Midstream Partners-Crestwood merger.
28 Oct 2021business combination● Neutral
On October 25, 2021, Oasis, OMP and OMP's general partner signed a merger agreement with Crestwood. Oasis's OMP units convert into $150 million in cash plus Crestwood units, leaving Oasis with about 21.7% of Crestwood, and OMP would owe a $40 million fee on certain terminations.
28 Oct 2021merger communication▲ GoodMajor
Oasis Petroleum, Oasis Midstream Partners LP and Crestwood Equity Partners LP formally signed the merger agreement combining OMP into Crestwood.
27 Oct 2021merger communication● Neutral
Oasis filed the transcript of its October 26, 2021 call on the Oasis Midstream Partners-Crestwood merger, which gave about $160 million in cash and 21.7% of Crestwood. It also gave preliminary Q3 production of 51.8 thousand BOE per day.
26 Oct 2021merger communication▲ GoodMajor
Oasis Petroleum announced that its publicly traded midstream unit, Oasis Midstream Partners LP, would merge into Crestwood Equity Partners LP.
22 Oct 2021asset acquisition disposition▲ GoodMajor
Oasis Petroleum completed its roughly $745 million purchase of Williston Basin assets from Diamondback Energy's QEP Energy subsidiary, paying $511.3 million net at closing, and its credit-facility borrowing base rose to $900 million.
12 July 2021dividend declaration▲ GoodMajor
Oasis noted its $4.00-per-share special dividend, declared June 29, was payable July 21, 2021 to holders of record on July 9. As a result, the exercise price of its warrants was cut by $4.00 from $94.57 to $90.57.
6 July 2021asset acquisition disposition▲ Good
Oasis Petroleum completed the sale of its remaining Texas Permian Basin upstream assets to Percussion Petroleum Operating II, LLC on June 29, 2021, for $375 million in cash plus up to three $25 million annual earn-outs for 2023 to 2025 if WTI averages above $60 per barrel.
15 June 2021debt financing● Neutral
Oasis Petroleum completed the $400 million bond sale it had priced two weeks earlier.
26 May 2021debt financing● Neutral
Oasis Petroleum priced $400 million of new 2026 bonds to help fund its pending purchase of Williston Basin assets from Diamondback Energy's QEP Energy subsidiary.
21 May 2021material agreement▲ GoodMajor
Oasis Petroleum Permian agreed to sell its remaining Texas Permian Basin assets to Percussion Petroleum Operating II for up to $450.0 million, including $375.0 million cash and earn-outs. Proceeds were to help fund the planned 95,000-acre Williston Basin acquisition from QEP.
1 Apr 2021debt financing▲ GoodMajor
Oasis Petroleum completed the sale of its remaining Bobcat and Beartooth midstream interests to Oasis Midstream Partners LP, finishing the simplification announced the previous month.
22 Mar 2021material agreement▲ GoodMajor
Oasis agreed to contribute its remaining 64.7% of Bobcat DevCo and 30% of Beartooth DevCo to Oasis Midstream Partners for $229.0 million cash and 12,949,644 units. The partnership's incentive distribution rights were also cancelled and converted into 1,850,356 units.
25 Feb 2021debt financing▲ GoodMajor
Oasis amended its credit agreement on Feb 19, 2021 to allow up to $25 million of restricted payments until October 1, 2021, with no more than $10 million in any quarter. It also announced year-end 2020 results, a 2021 outlook and its first dividend.
20 Nov 2020listing compliance notice▲ GoodMajor
the exchange certified Chord Energy Corp's securities for listing, clearing them to begin trading.
13 Nov 2020bankruptcy or receivership▼ BadMajor
On Nov 10, 2020 the bankruptcy court confirmed Oasis's prepackaged Chapter 11 plan; the company targeted taking effect within about 30 days. On the effective date all existing funded debt is discharged and the existing common stock (320,920,039 shares outstanding as of Nov 10, 2020) is cancelled. Noteholders receive the new common stock and old shareholders receive only a share of new warrants. Exit financing is a reserve-based revolver of up to $1.5 billion, with an initial borrowing base of $575 million. This resolves the bankruptcy thread opened Sept 30, 2020, although the plan was not yet effective.
27 Oct 2020listing compliance notice● NeutralMajor
Chord Energy Corp's exchange filed to remove a class of its securities from listing.
8 Oct 2020debt financing● NeutralMajor
Oasis Petroleum arranged debtor-in-possession financing with Wells Fargo to keep operating while it worked through its Chapter 11 bankruptcy case.
2 Oct 2020listing compliance notice▼ BadMajor
Oasis Petroleum and its affiliates filed for Chapter 11 bankruptcy protection on September 30, 2020, triggering the delisting of its stock.
30 Sept 2020bankruptcy or receivership▼ BadMajor
Oasis Petroleum signed a restructuring support agreement with its bank lenders and some noteholders on Sept 29, 2020, ahead of a prepackaged Chapter 11 filing due by Sept 30, 2020. Under the plan, noteholders get 100% of the new common stock (subject to dilution from management incentive shares and warrants), while existing shareholders get only a pro rata share of new warrants. A $450 million debtor-in-possession loan was committed and the plan was to take effect by Dec 20, 2020. This follows the Nasdaq notice and the hedge unwind and is the filing that begins the bankruptcy.
21 Sept 2020debt financing▼ BadMajor
Oasis Petroleum and its lenders agreed to unwind the company's hedging positions, a step taken in the run-up to its Chapter 11 filing.
10 Aug 2020listing compliance notice▼ BadMajor
Nasdaq notified Oasis Petroleum that its stock no longer met listing requirements, another marker of the distress that preceded its bankruptcy filing weeks later.
30 Apr 2020debt financing▼ BadMajor
As oil prices collapsed in early 2020, Oasis Petroleum's lenders granted it a waiver and amended its credit agreement - an early sign of the financial strain that would lead to bankruptcy later that year.
23 Dec 2019listing compliance notice▲ GoodMajor
the exchange certified Chord Energy Corp's securities for listing, clearing them to begin trading.
23 Dec 2019listing compliance notice▼ BadMajor
Chord Energy Corp's securities were notified for removal from listing and registration on its exchange.
12 Dec 2019listing compliance notice● Neutral
Oasis Petroleum's board voted to voluntarily move its stock listing off the New York Stock Exchange.
19 Apr 2019material agreement● Neutral
Oasis Petroleum's regular credit-line review reaffirmed its borrowing base at $1.6 billion.
20 Nov 2018asset acquisition disposition● Neutral
Oasis Petroleum completed the dropdown, contributing additional interests in its Bobcat and Beartooth Williston Basin gathering systems to Oasis Midstream Partners LP.
