Oasis Petroleum Inc. (NYSE: OAS) priced its private placement of $1 billion of senior unsecured notes due 2022 at par.
The size of the offering was increased from the previously announced $600 million. The offering is expected to close on Sept. 24, subject to customary closing conditions. Net proceeds will be used to fund a portion of the purchase price of its recently announced acquisition of oil and gas properties in West Williston.
The securities to be offered have not been registered under the Securities Act or any state securities laws.
Oasis Petroleum Inc. is an independent energy company engaged in the acquisition and development of oil and natural gas resources in Montana and North Dakota. The company is headquartered in Houston.