One-Page Deal Sheet
Oasis to Let Go of Non-Op Sanish Properties
Not Disclosed Oasis Petroleum Inc.
Announced Date
February 04,2014
Effective Date
October 01,2013
Close Date
March 05,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
333
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Mountrail
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Oasis Petroleum Inc. has entered into a purchase and sale agreement to sell non-operated Sanish properties and certain other non-operated leases adjacent to the Sanish position to an undisclosed buyer for approximately $333 million in cash.
The transaction is expected to close in early March, with an effective date of October 1, 2013, and is subject to customary closing conditions and purchase price adjustments.
As of December 31, 2013 the properties expected to be divested consisted of 8,354 net acres and 28.2 net producing Bakken and TFS wells. Production from the properties was 2,691…
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