Oasis prices public offering of common stock

Oasis Petroleum Inc. (NYSE: OAS) has priced an underwritten public offering of 34,000,000 shares of common stock for total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of approximately $160 million.

Oasis intends to use the net proceeds of this offering for general corporate purposes and to fund a portion of its 2016 capital expenditures. The company granted the underwriter a 30-day option to purchase up to 5,100,000 additional shares of common stock. The offering is expected to close on Feb. 2.

Citigroup is acting as sole book-running manager for the offering. 

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.

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