Oasis Petroleum Inc. (NYSE: OAS) priced an underwritten public offering of 7 million shares of common stock for total gross proceeds of $314.6 million.
Net proceeds will be used to repay outstanding borrowings under its credit facility and for general corporate purposes. The offering is expected to close on Dec. 9.
Citigroup is sole underwriter. The underwriter has offered the shares of common stock from time to time in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.
The offering ...