Oasis Petroleum may visit capital market to help fund acquisition

By Wendy Van Sickle

Columbus, Ohio, Dec.11 – Oasis Petroleum Inc. is considering conducting capital market transactions to help fund its acquisition of 20,300 net acres in the Delaware Basin from Forge Energy, LLC for about $946 million, according to a press release.

The acquisition price will be paid in $483 million in cash and 46 million shares of Oasis’ common stock. The company said it may also fund the cash portion of the price tag by drawing down on its revolving credit facility.

The capital markets transactions would depend on market conditions, according to the release.

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

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