OASIS PETROLEUM INC. (NYSE:OAS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
into an amendment to its Second Amended and Restated Credit
Agreement with its bank syndicate (the Amendment) in connection
with the scheduled redetermination of the Companys borrowing
base. Following the redetermination, the borrowing base was
increased to $1,600 million from $1,150 million; however, the
Company did not increase the elected commitments above the
current amount of $1,150 million. The next redetermination of the
Companys borrowing base is scheduled for October 1, 2017.
is qualified in its entirety by reference to the complete text of
the Amendment, a copy of which is attached as Exhibit 10.1 to
this Current Report on Form 8-K and incorporated herein by
reference.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Form 8-K concerning the Amendment is incorporated by reference
into this Item 2.03 of this Current Report on Form 8-K.
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Exhibit No.
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Description of Exhibit
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10.1
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Eighth Amendment to Second Amended and Restated Credit
Agreement, dated as of April 10, 2017, among Oasis Petroleum Inc., as Parent, Oasis Petroleum North America LLC, as Borrower, the Other Credit Parties party thereto, Wells Fargo Bank, N.A., as Administrative Agent and the Lenders party thereto. |
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About OASIS PETROLEUM INC. (NYSE:OAS)
Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS). OASIS PETROLEUM INC. (NYSE:OAS) Recent Trading Information
OASIS PETROLEUM INC. (NYSE:OAS) closed its last trading session down -0.30 at 13.06 with 13,029,580 shares trading hands.
