Oasis Petroleum, an independent exploration and petroleum company, completed the acquisition of the Williston Basin assets from Diamondback Energy, an independent oil and natural gas company, for $745m. "The closing of this asset acquisition allows us to integrate and drive significant value from our Williston Basin position, where we see long-term running room given our pro forma inventory depth. The closing follows Oasis' Permian Basin exit in June and represents a strategic portfolio repositioning, where we were able to buy assets for PDP value and sell assets for a significant premium to PDP value. With the closing, Oasis' pro forma volumes increase by approximately 50%. I'm thankful for the hard work of all those involved in this transaction, with special thanks to the field employees who have been running the asset since we announced the transaction," Danny Brown, Oasis Chief Executive Officer.