HOUSTON, Dec. 11, 2017 /PRNewswire/ — Oasis Petroleum Inc. (NYSE: OAS) (“Oasis” or the “Company“) announced today that it has priced an underwritten public offering of 32,000,000 shares of common stock for total gross proceeds (before the underwriters’ discounts and commissions and estimated offering expenses) of approximately $321.9 million. The Company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of assets in the Permian Basin from Forge Energy, LLC (the “Acquisition“). The offering is not conditioned on the consummation of the Acquisition, and if the Acquisition does not occur, the net proceeds will be used for general corporate purposes, which may include funding a portion of the Company’s 2018 capital budget. Oasis granted the underwriters a 30-day option to purchase up to 4,800,000 additional shares of common stock. The offering is expected to close December 13, 2017.
Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration statement, which has been filed and became effective July 14, 2017. 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 underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting Goldman Sachs & Co. LLC, attention Prospectus Department, 200 West Street, New York, New York 10282, telephone: 866-471-2526, email: firstname.lastname@example.org; or Credit Suisse, attention Prospectus Department, Eleven Madison Avenue, Level 1B, New York, NY 10010, telephone: 800-221-1037, email: email@example.com.