Saturday, November 23, 2024

Oasis Petroleum to buy Permian Assets

Posted by December 11, 2017

Oil and gas producer Oasis Petroleum Inc said on Monday it would buy 20,300 net acres in the Delaware Basin from privately-held Forge Energy LLC for about $946 million.
 

Oasis said it will would buy the acreage, which produced 3,500 barrels of oil equivalent in November, in cash and stock.

 

Reporting by Ahmed Farhatha

Related News