.
MergerLinks Header Logo

New Deal


Announced

Completed

Oasis Midstream Partners completed the acquisition of the remaining interest in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum for $512.5m.

Financials

Edit Data
Transaction Value£369m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Public

crude oil gathering

gas lift

Asset Managers and Custodians

United States

Single Bidder

Private Equity

Completed

Gas gathering

Cross Border

Majority

Friendly

Acquisition

Synopsis

Edit

Oasis Midstream Partners, a provider crude oil, natural gas, and water-related midstream services, completed the acquisition of the remaining interest in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum, an independent exploration and petroleum company, for $512.5m. "This accretive transaction enhances our scale and strengthens OMP's attractive position in the core of the Williston Basin. OMP is uniquely positioned to benefit from Oasis's development program and capture additional third party business. Volumes from both Oasis and third parties provide a solid foundation through 2021 and beyond. This transaction is extremely attractive for our investors by allowing OMP to increase its scale in an accretive manner, while improving its competitive position to capitalize on future opportunities," Taylor Reid, OMP CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US