One-Page Deal Sheet
Oasis Acquries Bakken Property From Diamondback; $745 Million
Oasis Petroleum Inc. Diamondback Energy, Inc.
Announced Date
May 03,2021
Effective Date
April 01,2021
Close Date
October 21,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
745
Asset/Basin:
["Williston Basin"]
TargetZones:
[]
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
McLean ,Dunn ,McKenzie
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Oasis Petroleum Inc. has agreed to acquire Williston Basin assets from Diamondback Energy in a cash transaction valued at approximately $745MM.
This deal closed on October 21, 2021.
The consideration is expected to be financed through:
cash on hand (approximately $106MM as of March 31, 2021) revolver borrowings ($450MM elected commitment on $500MM borrowing base, none drawn as of March 31, 2021) $500MM fully committed underwritten bridge loan (expecting high yield financing to replace the bridge loan)The transaction was approved unanimously by the Board of the Directors of each…
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