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Oasis Petroleum Inc. Announces Committed Financing Package to Fund Acquisition of Williston Basin Assets from QEP Energy

Deals & Cases
May 25, 2021
Oasis Petroleum Inc. Announces Committed Financing Package to Fund Acquisition of Williston Basin Assets from QEP Energy Background Image
Deals & Cases
May 25, 2021

Vinson & Elkins advised Oasis Petroleum Inc. on a committed financing package to fund the recently announced acquisition of select Williston Basin assets from QEP Energy Company, a wholly owned subsidiary of Diamondback Energy, Inc. The bridge to bond financing consisted of a committed bridge financing and a $400 million offering of 6.375% senior notes due 2026.

The offering priced on May 25, 2021 and is expected to close on June 9, 2021.

Oasis Petroleum Inc. is an independent exploration and production company with quality and sustainable long-lived assets in the Williston and Permian Basins.

The V&E corporate team was led by partners David Oelman and Noel Hughes, with assistance from senior associates Andrew Schulte and Caitlin Snelson and associates David Lassetter, Matt Fiorillo and Taylor Kim. Also advising were partner Wendy Salinas and counsel Debbie Duncan; partner David D’Alessandro and counsel Dario Mendoza; counsel Larry Pechacek; and associate Taylor Daily.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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