Oasis Petroleum increases borrowing base to $900 million

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – Oasis Petroleum Inc. amended its credit agreement dated Nov. 19, 2020 with Wells Fargo Bank, NA as administrative agent on Thursday to increase the borrowing base to $900 million.

The increase will be upon and subject to consummation of the acquisition of certain oil and gas properties from QEP Energy Co., according to a n 8-K filing with the Securities and Exchange Commission.

Oasis is a Houston-based oil and natural gas company.

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