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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Feb. 11, 5:31 AM

Slide #11. Oasis Petroleum Inc. Secondary Offering

Company: Oasis Petroleum Inc. (NYSE:OAS)
Date announced: 1/28/2016
Shares Offered: 34,000,000
Date of Pricing: 1/28/2016
Price Per Share: $4.70
Secondary Offering Details: Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that it has priced an underwritten public offering of 34,000,000 shares of common stock for total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of approximately $160 million. Oasis intends to use the net proceeds of this offering for general corporate purposes and to fund a portion of its 2016 capital expenditures. Oasis granted the underwriter a 30-day option to purchase up to 5,100,000 additional shares of common stock. The offering is expected to close on January 28, 2016.

Oasis Petroleum is a holding company. Through its subsidiaries, Co. is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Co. also operates an oil and gas marketing business, a well services business and a midstream services business, all of which are complementary to its primary development and production activities. As of Dec 31 2014, Co. had total estimated net proved reserves of 272.1 million barrels of oil equivalents, which comprised of 235.4 million barrels of oil and 220.10 billion cubic feet of natural gas.

OAS SEC Filing Email Alerts Service

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Company Name:  Oasis Petroleum Inc.
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding OAS:  29
Total Market Value Held by ETFs:  $40.95M
Total Market Capitalization:  $739.00M
% of Market Cap. Held by ETFs:  5.54%

Open the OAS Page at The Online Investor (in a new window) »

February 11, 2016    5:31 AM Eastern
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Buy (2.76 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)
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