Crestwood Equity Partners completed the acquisition of Oasis Petroleum for $1.8bn.

Crestwood Equity Partners, an oil and gas pipeline operator, completed the acquisition of Oasis Petroleum, an oil and gas exploration company, for $1.8bn. "This transaction enhances our competitive position in the Williston and Delaware Basins, enables Crestwood to capture substantial operational, commercial, and capacity synergies as we integrate the Oasis Midstream assets into our existing operations, and substantially expands the long-term contract acreage and inventory dedications of our gathering and processing portfolio. Importantly, we are completing this transaction during a period when macro oil and gas fundamentals are exceptionally supportive of upstream development and there is increasing demand for midstream infrastructure and services," Robert G. Phillips, Crestwood Equity Partners Chairman, President and CEO.