Attached files
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8-K - FORM 8-K - Oasis Petroleum Inc. | h85369e8vk.htm |
EX-1.1 - EX-1.1 - Oasis Petroleum Inc. | h85369exv1w1.htm |
Exhibit 99.1
Oasis Petroleum Inc. Announces Pricing of $400 Million Offering of Senior Notes
Houston, Texas October 27, 2011 Oasis Petroleum Inc. (NYSE: OAS) (Oasis or the Company)
announced today that it has priced an offering of $400 million aggregate principal amount of senior
unsecured notes due 2021. The notes will bear interest at a rate of 6.5% per annum and will be
issued at par. The size of the offering was increased from the previously announced $300 million to
$400 million. The offering is expected to close on November 10, 2011, subject to customary closing
conditions. The senior unsecured notes will be jointly and severally guaranteed on a senior
unsecured basis by all of the Companys existing material subsidiaries and certain future
subsidiaries. Oasis intends to use the net proceeds from the offering to fund its exploration,
development and acquisition program and for general corporate purposes.
This press release shall not constitute an offer to sell, or the solicitation of an offer to
buy, the Companys senior unsecured notes due 2021 or any other securities, nor shall there be any
sale of securities mentioned in this press release in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
such state.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and BNP Paribas Securities Corp. are acting
as joint book-running managers for the senior unsecured notes offering. The offering is being made
pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange
Commission. The offering of senior notes is being made only by means of a prospectus and prospectus
supplement. A copy of the preliminary prospectus supplement and related base prospectus may be
obtained from the SECs website at www.sec.gov. Alternatively, the underwriters will provide copies
upon request to J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions. 1155 Long Island
Avenue, Edgewood, NY 11717, Telephone: (866) 803-9204; Wells Fargo Securities, LLC, Attn: Client
Support, 550 South Tryon Street, 7th Floor MAC D1086-070, Charlotte, NC 28202, Telephone: (800)
326-5897, Email: cmclientsupport@wellsfargo.com; and BNP Paribas Securities Corp., Attn: Syndicate
Desk, 787 Seventh Avenue, New York, NY 10019, Telephone: (800) 854-5674.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Companys drilling program, production, derivative instruments, capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the Company based on managements experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include, but are not limited to, changes in oil and natural gas prices, weather and environmental conditions, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as the Companys ability to access them, the proximity to and capacity of transportation facilities, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the Companys business and other important factors that could cause actual results to differ materially from those projected as described in the Companys reports filed with the SEC.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Companys drilling program, production, derivative instruments, capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the Company based on managements experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include, but are not limited to, changes in oil and natural gas prices, weather and environmental conditions, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as the Companys ability to access them, the proximity to and capacity of transportation facilities, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the Companys business and other important factors that could cause actual results to differ materially from those projected as described in the Companys reports filed with the SEC.
Any forward-looking statement speaks only as of the date on which such statement is made and the
Company undertakes no obligation to correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as required by applicable law.
About Oasis Petroleum Inc.
Oasis is an independent exploration and production company focused on the acquisition and
development of unconventional oil and natural gas resources, primarily operating in the Williston
Basin.
Contact:
Oasis Petroleum Inc.
Richard Robuck, (281) 404-9600
Director Investor Relations
Richard Robuck, (281) 404-9600
Director Investor Relations