Oasis petroleum inc. announces strategic acquisition of williston basin assets, reports first quarter 2021 results, declares dividend and updates 2021 outlook

Houston, may 3, 2021 /prnewswire/ -- oasis petroleum inc. (nasdaq: oas) ("oasis" or the "company") today announced a strategic acquisition of williston basin assets, reported financial and operating results for the first quarter of 2021, declared its first quarter 2021 dividend, and updated its 2021 outlook to incorporate the acquisition, including an expected 33% increase to its future quarterly fixed dividend after the acquisition closes. williston basin acquisition oasis announced it has entered into a definitive agreement under which oasis will acquire select williston basin assets from diamondback energy in a cash transaction valued at approximately $745mm, subject to customary purchase price adjustments.
CHRD Ratings Summary
CHRD Quant Ranking