Oasis petroleum inc. announces $400 million offering of senior notes

Houston, may 24, 2021 /prnewswire/ -- oasis petroleum inc. (nasdaq: oas) ("oasis" or the "company") announced today that, subject to market conditions, it intends to offer $400.0 million in aggregate principal amount of senior unsecured notes due 2026 (the "notes") in a private placement to eligible purchasers (the "offering"). oasis intends to use the net proceeds from the offering to fund a portion of the consideration in connection with the recently announced acquisition of select williston basin assets from qep energy company, a wholly owned subsidiary of diamondback energy, inc. (the "williston basin acquisition"), and for general corporate purposes.
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