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Announced

Completed

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

Synopsis

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.

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