HOUSTON, Jan. 28, 2016 /PRNewswire/ — Oasis Petroleum Inc. (NYSE: OAS) (“Oasis” or the “Company”) announced today that it has priced an underwritten public offering of 34,000,000 shares of common stock for total gross proceeds (before the underwriter’s discounts and commissions and estimated offering expenses) of approximately $160 million. Oasis intends to use the net proceeds of this offering for general corporate purposes and to fund a portion of its 2016 capital expenditures. Oasis granted the underwriter a 30-day option to purchase up to 5,100,000 additional shares of common stock. The offering is expected to close on January 28, 2016.
Citigroup is acting as sole book-running manager for the offering. The underwriter has offered the shares of common stock from time to time in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.
The offering is being made pursuant to an effective shelf registration statement, which has been filed and became effective July 15, 2014. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the underwriter will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting: