Oasis Petroleum's Bakken transformation is continuing with the closing Feb. 1 of the previously announced merger between Oasis Midstream Partners and Crestwood Equity. Post Date. Transaction is an at-market deal based on closing . In connection with the recently closed merger with Oasis Midstream, Oasis Petroleum received the contractual right to appoint two members to the Crestwood board of directors.As a result, John Jacobi and John Lancaster Jr. joined the company's board.. Jacobi will serve on the sustainability committee of . The . . The remaining ownership of Oasis in Crestwood will also be of benefit to the company since it will create a diversified midstream operator with a strong balance sheet . As previously announced, Crestwood unitholders as of the February 7, 2022 record date, including legacy Oasis Midstream unitholders that remain Crestwood unitholders, will receive Crestwood's $0.625 per limited partner unit distribution, attributed to the fourth quarter 2021 and payable on February 14, 2022. On October 26, 2021, Oasis Midstream announced that it had entered into an agreement to be acquired by Crestwood in a deal valued at approximately $1.8 billion. Pursuant to the merger agreement, at the close of the merger Oasis Midstream stockholders will own only 35% of the combined company. Crestwood Equity Partners and Oasis Midstream Partners announced that they have entered into a merger agreement under which Crestwood will acquire Oasis Midstream for approximately $1.8 billion, including the assumption of debt. Emily Patsy Hart Energy Thu, 10/28/2021 - 12:35 PM Crestwood Equity Partners LP ( CEQP 1.83%) Q1 2022 Earnings Call.

Additionally, Oasis expects to benefit from its remaining ownership in the new Crestwood which, following this accretive merger, will be a larger, more diversified midstream entity with a strong . DATE TARGET DEAL TYPE VALUE; 2021-10-26: Oasis Midstream Partners LP. Additionally, the cash consideration of $160MM paid to Oasis as part of the OMP-Crestwood Merger also resulted in Oasis recognizing gain for income tax purposes. Midstream. The transaction . HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that Oasis Midstream Partners (NASDAQ: OMP) ("OMP") has entered into a . The transaction value includes the assumption of Oasis Midstream's debt of around $660m as of 30 September 2021. Crestwood Equity Partners LP agreed to acquire Oasis Midstream Partners LP for about $1 billion in cash and stock, adding pipelines and related assets in a bet on growth in the Williston and . Crestwood (NYSE: NYSE: CEQP) and Oasis Midstream (NYSE: NASDAQ: OMP) have announced a combination that should help propel shareholders of both. Combination creates a leading midstream service provider in the Williston Basin with a pro forma enterprise value of approximately $7.0B. oasis midstream partners lp is a leading fee-based master limited partnership formed by its sponsor, oasis petroleum inc., to own, develop, operate and acquire a diversified portfolio of midstream. article i. the mergers : 2 : section 1.1 : Basin. Crestwood Equity Partners LP and Oasis Midstream Partners LP have announced that they have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt.

Oasis Petroleum Inc. (Nasdaq: OAS) was slated to receive $160 million in cash and 21 million common units of Crestwood in exchange for the 33.8 million units it owned in Oasis Midstream. Crestwood & Oasis Midstream merge to create a top Williston #basin player. HOUSTON Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. Crestwood Acquires Oasis For $1.8B. Oasis' Chief Executive Officer. Apr 26, 2022, 9:00 a.m. OAS has a great balance sheet, with leverage of 1.5x 2021 EBITDA. February 1, 2022 - 9:10 am. | 4 juli 2022 Crestwood Completes Acquisition of Oasis Midstream 02/01/2022 HOUSTON-- (BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. Oasis Petroleum Inc. (2021-10-26 | NYSE:CEQP) Crestwood to Acquire Oasis Midstream Partners in $1.8 Billion Transaction. New York, February 14, 2022 -- Moody's Investors Service ("Moody's") affirmed Crestwood Equity Partners LP's (CEQP) ratings including its Ba2 Corporate Family Rating (CFR) and its Ba2-PD Probability of Default Rating (PDR), following CEQP's closing of Oasis Midstream Partners LP (OMP) acquisition. ET. The transaction . On the financial side, Crestwood said it expects the merger to result in a strong distribution coverage ratio in .

Legal Depts. HOUSTON, October 26, 2021--Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP (NASD: OMP) ("Oasis Midstream") today announced that they have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt. Oasis Petroleum will. Olie- en gaspijpleidingbedrijf Crestwood Equity Partners LP is overeengekomen om de midstream-eenheid van Oasis Petroleum Inc te kopen in een deal van $ 1,8 miljard, waarmee het zijn voetafdruk in. .

HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (NASDAQ: OMP) ("OMP" or the "Partnership") today announced that, on October 24, 2021, the Board of Directors of OMP GP LLC (the "General Partner") declared the quarterly cash distribution for the third quarter of 2021 of $0.56 per unit, payable on November 29, 2021 to unitholders of record as of November 15, 2021. This represents a . Transaction Type.

The midstream sector has been slower to consolidate than exploration and production companies, but Crestwood and Oasis Midstream's merger marks the second billion-dollar deal announced in the oil and gas midstream space in October. The deal is expected to close in the first quarter of 2022, and Houston-based Oasis Petroleum Inc. (Nasdaq: OAS) which owns about 70% of Oasis Midstream common units has agreed to vote in favor. Crestwood Equity Partners has agreed to acquire rival US-based publicly listed midstream company Oasis Midstream Partners (OMP) in a stock and cash deal worth around $1.8bn. Houston, Texas, United States Oasis Midstream Partners own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis Petroleum and strategically positioned to capture volumes from other producers. HOUSTON, October 26, 2021--Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP (NASD: OMP) ("Oasis Midstream") today announced that they have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt. Texas-based Crestwood Equity Partners LP that owns and operates midstream businesses in multiple shale resource plays across the U.S. on Tuesday said it agreed to acquire Oasis Midstream Partners LP ().The transaction which is expected to close in the first quarter of 2022 is an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt of about $660 million. Buyers. Transaction Details The massive transaction is. Oasis Midstream public unitholders will receive an aggregate of 12.9 million Crestwood common units in exchange for the 14.8 million Oasis Midstream common units outstanding. | 2 Juli 2022 That works out to. Back Twitter Facebook Linkedin Send Save Print.

Item 1.01 Entry into a Material Definitive Agreement. Oasis Sells Midstream Affiliate to Crestwood in $1.8 Billion Deal. Oasis Midstream is a master limited partnership founded . Crestwood closed its $1.8 billion deal for Oasis Midstream early this year, expanding its foothold in two of the Lower 48's prized basins the Williston and the Permian Basin's Delaware sub . In 2021, CEQP's revenue was $4.57 billion, an increase of 102.68% compared to the previous year's $2.25 billion. Upon closing, Oasis Midstream former unitholders will own about 35% of. CEQP will make a cash payment of $150m and issue an aggregate of 21 million common . HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that Oasis Midstream Partners (NASDAQ: OMP) ("OMP") has entered into a definitive agreement under which it will merge with Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood"). Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48's . Vinson & Elkins advised Oasis Petroleum Inc. and its affiliate companies in connection with the entry by Oasis Midstream Partners LP ("OMP") into a definitive merger agreement with Crestwood Equity Partners LP ("Crestwood"), whereby Crestwood will acquire OMP in an equity and cash transaction valued at approximately $1.8 billion, including the assumption of debt. In October 2021, Houston-based Crestwood Equity Partners LP (NYSE: CEQP) announced it would acquire Oasis Midstream Partners . Crestwood Completes Acquisition of Oasis Midstream Thursday, March 3, 2022 Houston (Feb. 1, 2022) Crestwood Equity Partners LP and Oasis Midstream Partners LP announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. Crestwood Equity Partners LP sealed a $1 billion deal worth in stock and cash to acquire Oasis Midstream Partners LP, in addition to pipelines and other assets for banking on the growth in the U.S Delaware and Williston shale basins. Upon closing, Oasis Midstream former unitholders will own approximately 35% of Crestwood's outstanding common units, of which, approximately 22% will be owned by Oasis Petroleum. Good morning and welcome to today's conference call to discuss Crestwood Equity Partners' acquisition of Oasis Midstream and its third-quarter 2021 financial and operating results . Crestwood, Oasis Midstream and their respective directors, executive officers and general partners, and Oasis Petroleum and its directors and executive officers may be deemed to be participants in the solicitation of consents from the unitholders of Oasis Midstream. Crestwood Equity Partners LP (Crestwood) and Oasis Midstream Partners LP (Oasis Midstream) has announced that they have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately US$1.8 billion including the assumption of debt. "The potential ownership by Crestwood will likely improve Oasis Midstream's credit profile given Crestwood's stronger credit rating, the large equity component of the purchase price and potential synergies," stated James Wilkins, Moody's Vice President. Oasis Midstream Partners LP (OMP) relating to the proposed merger of the Company with Crestwood Equity Partners LP ("Crestwood").Under the terms of the agreement, OMP unit holders will receive 0.87 units of Crestwood for each unit of OMP they own. $1.8 billion deal is expected to close during the Q1 of 2022. Oasis Midstream Partners LP (OMP) shares rose 5% on Tuesday after the pipeline company said it agreed to be acquired by Crestwood Equity Partners LP (CEQP) in a deal . "Crestwood is a highly regarded, diversified midstream operator with a large footprint in the Williston Basin, making it the ideal midstream partner with the expertise and team to handle a large. Information about these persons is set forth in . Firm Management White-Collar/Regulatory Crestwood Buys Oasis Midstream in $1.8B Deal October 26, 2021 Claire Poole Claire Poole Claire Poole is a senior writer at The Texas Lawbook, where she covers corporate transactions. Oasis Petroleum Inc. Crestwood Equity Partners made changes to the board of directors of its general partner. As a result of the combination, Crestwood has significantly enhanced its scale and competitive position in .

Oasis Petroleum will receive a $10 million cash payment for its ownership of the general partner interest of Oasis Midstream. project phantom merger sub llc, oasis midstream partners lp, omp gp llc, and, solely for purposes of section 2.1(a)(i), crestwood equity gp llc . HOUSTON - Oasis Petroleum Inc. (NASDAQ: OAS) ('Oasis' or the 'Company') announced today that Oasis Midstream Partners (NASDAQ: OMP) ('OMP') has entered into a definitive agreement under which it will merge with Crestwood Equity Partners LP.. Williston Basin/Bakken Shale; Permian/Delaware Basin. The transaction . Crestwood Equity Partners will acquire Oasis Midstream for a value of $1.8 billion in a mixed cash and equity transaction that will include $660 million of Oasis Midstream's outstanding debts as of. On October 26, 2021, Oasis Midstream announced that it had entered into an agreement to be acquired by Crestwood in a deal valued at approximately $1.8 billion.

Following the closing of the Oasis Midstream merger on February 1, 2022, Crestwood has exceeded its integration schedule and expects to meet or beat its previously stated goal of $45 million in . Oasis Midstream public unitholders will receive an aggregate of 12.9 million Crestwood common units in exchange for the 14.8 million Oasis Midstream common units outstanding. Oasis Midstream Partners LP shares rose 5% on Tuesday after the pipeline company said it agreed to be acquired by Crestwood Equity Partners LP in a deal valued at $1.8 billion, including debt. Oasis Midstream Partners LP. The Texas Lawbook Appellate Bankruptcy Commercial Litigation Corp. Deal Tracker/M&A GCs/Corp. Crestwood Equity Partners LP. "Crestwood is a highly regarded, diversified midstream operator with a .

By continuing to use our service, you agree to our use of cookies. On the financial side, Crestwood said it expects the merger to result in a strong distribution coverage ratio in . The transaction will result in a 21.7% ownership stake for Oasis in Crestwood common units. Oasis Midstream Partners LP omp shares rose 5% on Tuesday after the pipeline company said it agreed to be acquired by Crestwood Equity Partners LP CEQP, +5.08% in a deal valued at $1.8 billion . According to the company's statement on Tuesday, October 26, the latest deal will see Crestwood cost-save about $45 million annually.

Oasis Midstream public unitholders will receive an aggregate of 12.9 million Crestwood common units in exchange for the 14.8 million Oasis Midstream common units outstanding. Cookies are used to offer you a better browsing experience and to analyze our traffic. Oasis Midstream public unitholders will receive an aggregate of 12.9 million Crestwood common units in exchange for the 14.8 million Oasis Midstream common units outstanding.