One-Page Deal Sheet
Oasis Midstream Merges with Crestwood Equity in $1.8B Deal
Crestwood Equity Partners LP Oasis Midstream Partners LP
Announced Date
October 26,2021
Close Date
February 01,2022
Transaction Type
Corporate
Location
Region
Permian,Williston Basin
Country
United States
State
North Dakota
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Oasis Midstream Partners has entered into an agreement under which it will merge with Crestwood Equity Partners LP in a deal worth $1.8 billion.
Oasis Midstream has assets in the Permian and Bakken plays.
This deal closed on February 1, 2022.
Deal TermsUnder the terms of the agreement, Oasis, as a unitholder of OMP, will receive $160MM in cash in addition to approximately 21.0MM common units of CEQP in aggregate in exchange for its 33.85MM OMP common units and non-economic general partner stake. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP…