Oasis Petroleum – Oil & Gas 360

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

June 17, 2022

Oil and Gas 360 HOUSTON, June 16, 2022 /PRNewswire/ — Oasis Petroleum Inc. (NASDAQ: OAS) (“Oasis”) announced today that its Board of Directors has, subject to certain conditions, declared a special dividend of $15.00 per share of Oasis common stock. The special dividend is being declared in connection with, and its payment is subject to, the closing of Oasis’ previously

Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal

October 26, 2021

Reuters Oil and gas pipeline operator Crestwood Equity (NYSE:) Partners LP will buy Oasis Petroleum (NASDAQ:) Inc’s midstream unit in a $1.8 billion deal to expand its footprint in U.S. shale basins. The cash-and-stock deal comes as oil and gas prices have touched multi-year highs, boosting shareholders’ confidence in the sector and encouraging mergers. “As the commodity price outlook remains favorable

Oasis Petroleum Inc. announces strategic sale of its Permian assets and updates 2021 outlook

May 21, 2021

Oasis Petroleum Inc. Announces Strategic Sale of Its Permian Assets and Updates 2021 Outl…

Oasis Petroleum appoints Daniel E. Brown as Chief Executive Officer and Board Member

April 14, 2021

Oil and Gas 360 HOUSTON, April 14, 2021 /PRNewswire/ — Oasis Petroleum Inc. (“Oasis” or the “Company”) (NASDAQ:OAS) today announced that it has appointed Daniel E. “Danny” Brown as Chief Executive Officer effective April 13, 2021. At the same time, Mr. Brown was also appointed to the Oasis Board of Directors. Mr. Brown has 23 years of experience in the oil and natural gas industry having spent

Shale bankruptcies pile on, Lonestar latest to succumb to weak demand

October 1, 2020

Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30

Occidental Looks to Sell $5 Billion in Pipeline Assets: Reuters

July 24, 2018

From Reuters Occidental Petroleum Corp (OXY.N) is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday. The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni Occidental’s

Oasis Petroleum Doubles Down in the Williston Basin

February 28, 2018

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act. For the full year of 2017, Oasis reported net income attributable to Oasis of $123.8 million. The company produced 73,207

SM Energy, Oasis Announce $2.4 Billion in Deals

October 18, 2016

SM Energy adds 35,700 acres in the Midland for $1.6 billion SM Energy Company (ticker: SM) announced Tuesday that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland Basin footprint to approximately 82,450 net acres. The acquired acreage complements, and is partially contiguous to,

As Capital Tightens, E&Ps Stir the Gumbo

October 12, 2015

Borrowing Base Redeterminations Kicking into Full Swing Cyclicality in the oil and gas industry is a given. Across the board in today’s commodity price environment, the E&Ps and the OilService companies that provide them with drilling and completion services have worked hard to right-size costs. Management teams will expand and contract their companies’ drilling activity not necessarily by their doing,

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