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Title : Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017
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Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

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Oasis Petroleum Inc. today announced it has entered into a definitive purchase and sale agreement with Forge Energy, LLC to acquire 20,300 net acres in the Delaware Basin for approximately $946 million, consisting of approximately $483 million in cash and 46 million shares of the Company's common stock valued at approximately $463 million as of the close of trading on December 8, 2017.

The Acquisition will be funded through a combination of the OAS Shares issued to the Seller, a draw on the Company's revolving credit facility, and/or capital markets transactions, depending on market conditions. Additionally, Oasis expects to divest non-core Williston Basin acreage up to $500 million in 2018.

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Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

Thus Article Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

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Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

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Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

Thus Article Permian Acreage Still Selling For Almost $50,000 / Acre -- Oasis To Sell Non-Core Assets In Williston Basis For $500 Million -- December 11, 2017

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