Oasis Petroleum buys back $29.8 million of senior notes in March

By Marisa Wong

Morgantown, W.Va., May 9 – Oasis Petroleum Inc. said it repurchased a total of $29.8 million of its outstanding senior notes for an aggregate cost of $22.3 million, including accrued interest and fees.

The company made the repurchases in March, according to an earnings release on Monday.

For the three months ended March 31, the company recognized a pre-tax gain of $7 million related to these repurchases, which was net of the $500,000 write-off of unamortized deferred financing costs.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.