Percussion Petroleum, an oil and gas company, completed the acquisition of upstream assets of Oasis Petroleum, a company engaged in hydrocarbon exploration and hydraulic fracturing, for $347m. "The decision to exit the Permian Basin while building scale in the Williston Basin is fundamentally based on aligning Company resources with our core competitive strengths and strategic focus of building a sustainable enterprise which generates significant free cash flow for the benefit of the Company and shareholders," Danny Brown, Oasis CEO.