Oasis Petroleum has signed two separate purchase and sale agreements to sell an estimated 4.4 thousand barrels of oil equivalent per day of net production and approximately 65,000 net acres of noncore assets in the Williston Basin for $283 million.
The agreements include the company’s Foreman Butte position, which included inventory that is characterized as fairway, and certain nonoperated acreage. Oasis plans to formally update guidance concurrent with its second quarter 2018 earnings release. RBC Richardson Barr and CIBC Griffis & Small acted as financial advisers to Oasis.
