Oasis Petroleum reaffirms credit agreement base at $1.15 billion

By Tali Rackner

Norfolk, Va., Oct. 18 – Oasis Petroleum Inc. reaffirmed the borrowing base and elected commitments under its second amended and restated credit agreement at $1.15 billion in connection with the scheduled redetermination, according to an 8-K filing with the Securities and Exchange Commission.

The next redetermination of the borrowing base is scheduled for April 1, 2017.

Wells Fargo Bank, NA is the administrative agent.

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

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