8 Nov 2018material agreement● Neutral
Oasis Petroleum and its publicly traded midstream unit, Oasis Midstream Partners LP, agreed to another dropdown of Williston Basin gathering-system interests from Oasis to the partnership.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2018debt financing● Neutral
Oasis Petroleum extended its credit facility to October 2023 and reaffirmed its borrowing base at $1.6 billion.
18 May 2018debt financing● Neutral
Oasis Petroleum redeemed all of its outstanding 2019 notes early and reported strong early results tendering for its 2019, 2021, 2022 and 2023 notes as part of a broader debt cleanup.
28 Feb 2018material agreement● Neutral
Oasis Petroleum raised its credit-facility commitment from $1,150 million to $1,350 million and added two new lenders, alongside reporting full-year 2017 results.
16 Feb 2018asset acquisition disposition▲ GoodMajor
Oasis Petroleum closed its first entry into the Permian Basin, buying about 22,000 net Delaware Basin acres from Forge Energy, LLC and paying partly in Oasis stock.
13 Dec 2017material agreement● Neutral
Oasis Petroleum sold 32 million new shares (plus a 4.8 million-share option) to the public, raising fresh capital.
29 Sept 2017asset acquisition disposition▲ GoodMajor
Oasis Petroleum took its midstream business public, selling units in new subsidiary Oasis Midstream Partners LP at $17 each and contributing several Williston Basin gathering and gas-processing assets to it.
13 Apr 2017debt financing● Neutral
Oasis Petroleum's regular credit-line review raised its borrowing base to $1.6 billion.
1 Dec 2016asset acquisition disposition▲ GoodMajor
Oasis Petroleum completed its purchase of about 55,000 net Williston Basin acres from SM Energy Company for $765.8 million.
21 Oct 2016material agreement● Neutral
Oasis Petroleum sold 55.2 million new shares to help fund its pending purchase of Williston Basin acreage from SM Energy Company.
18 Oct 2016debt financing▲ GoodMajor
Oasis Petroleum agreed to buy about 55,000 net Williston Basin acres from SM Energy Company for roughly $785 million cash, its next major expansion after the 2013 acquisitions.
19 Sept 2016debt financing● Neutral
Oasis Petroleum raised $275 million by selling convertible notes due 2023 that holders can later turn into Oasis stock.
2 Feb 2016material agreement● Neutral
Oasis Petroleum sold 34 million new shares (plus a 5.1 million-share option) to the public, raising fresh capital.
18 Nov 2015debt financing● Neutral
Oasis Petroleum amended its credit facility to raise its letter-of-credit capacity from $10 million to $50 million.
30 Oct 2015material agreement● Neutral
Oasis Petroleum won the consent of holders of its 2019, 2021 and 2023 senior notes and signed supplemental indentures. These let it borrow under its credit facility up to its borrowing base, capped at the current $1.525 billion, while restricting second-lien debt.
14 Apr 2015debt financing● Neutral
Oasis Petroleum extended its credit facility's maturity from 2018 to 2020 and set its borrowing base at $1.7 billion.
9 Mar 2015material agreement● Neutral
Oasis Petroleum sold 32 million new shares (plus a 4.8 million-share option) to the public, raising fresh capital.
2 Oct 2014material agreement● Neutral
Oasis Petroleum's regular credit-line review raised its borrowing base from $1.75 billion to $2.0 billion.
30 June 2014debt financing● Neutral
Oasis Petroleum registered $1 billion of 6.875% senior notes due 2022 so the private buyers could swap into freely tradeable notes on identical terms - the registration-rights formality that follows a private placement, not new money.
9 Dec 2013material agreement● Neutral
Oasis Petroleum raised cash by selling 7 million new shares to the public.
2 Oct 2013asset acquisition disposition▲ GoodMajor
Oasis Petroleum closed its purchase of 136,000 net Williston Basin acres for about $1.48 billion, plus three smaller deals for $63 million, funded by the bonds and credit line it had just arranged.
25 Sept 2013debt financing● Neutral
Oasis Petroleum completed a $1.0 billion bond sale, upsized from the $600 million first planned, to fund its Williston Basin acquisitions.
11 Sept 2013debt financing● Neutral
Oasis Petroleum priced $1.0 billion of 6.875% senior unsecured notes due 2022, upsized from the $600 million first announced. It planned to use the proceeds to fund part of the purchase price of its West Williston acquisition.
5 Sept 2013debt financing▲ GoodMajor
Oasis Petroleum agreed to buy 136,000 net acres in the Williston Basin for about $1.45 billion, part of four separate deals totaling 161,000 net acres and $1.515 billion, roughly a 50% expansion of its acreage.
9 Apr 2013debt financing▲ Good
Oasis Petroleum's regular credit-line review raised its borrowing base from $750 million to $1,250 million and expanded its overall facility from $1 billion to $2.5 billion.
1 Mar 2013financial restatement● Neutral
Oasis Petroleum corrected an error in how it had calculated 2010 loss-per-share in its annual report, restating the figure and share count from its 2010 IPO year.