Oasis Petroleum repurchases $76.6 million of notes for $56.9 million

By Angela McDaniels

Tacoma, Wash., May 10 – Oasis Petroleum Inc. repurchased $76.6 million principal amount of its outstanding notes in March and April, according to a 10-Q filing with the Securities and Exchange Commission.

The company repurchased $1.0 million of its 7¼ senior notes due 2019, $2.3 million of its 6½% senior notes due 2021, $59.5 million of its 6 7/8% senior notes due 2022 and $13.8 million of its 6 7/8% senior notes due 2023 for an aggregate cost of $56.9 million, including accrued interest and fees.

As a result of this repurchase, the company had $399.0 million, $397.7 million, $940.5 million and $386.2 million outstanding on the 7¼% notes, the 6½% notes, the 6 7/8% notes due 2022 and the 6 7/8% notes due 2023, respectively.

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

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