One-Page Deal Sheet
Oasis Makes Big Acreage Buy in the Bakken; $766 Million
Oasis Petroleum Inc. SM Energy Company
Announced Date
October 18,2016
Effective Date
October 01,2016
Close Date
December 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
766
Asset/Basin:
{"Williston Basin"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - December 1, 2016
SM Energy has closed the previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis Petroleum North America LLC for $765.8 million of net cash proceeds.
This divestiture had an effective date of October 1, 2016, and was completed on December 1, 2016. Third quarter 2016 production associated with these assets was approximately 14,350 Boe/d (78% oil). The Company plans to apply the proceeds from this divestiture towards its acquisition of assets from QStar LLC and a related entity, a transaction…
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