Oasis Petroleum Inc. announces Johnson's Corner oil pipeline open season

Source: Oasis Petroleum Inc.

Oasis Petroleum Inc. announced that Oasis Midstream Services LLC is commencing a binding open season for the Johnson's Corner Pipeline Project, a new crude oil pipeline to be constructed in McKenzie County, ND.

Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced that Oasis Midstream Services LLC ("OMS"), a wholly-owned subsidiary of Oasis, is commencing a binding open season for the Johnson's Corner Pipeline Project ("Project"), a new crude oil pipeline to be constructed in McKenzie County, North Dakota. The Project is a 19-mile, 10-inch diameter pipeline connecting the Wild Basin field development with Johnson's Corner.  The Project has an anticipated operating capacity of 50,000 barrels per day. 

The open season will commence on Friday, April 8, 2016 at 8:00 a.m. Central Daylight Time and will close on Monday, May 9, 2016 at 5:00 p.m. Central Daylight Time. Bona fide prospective shippers that seek information on the committed service to be offered on the pipeline, wish to have access to the open season documents, which consist of an Information Memorandum, Pro Forma Transportation Services Agreement, and a draft Oil Pipeline Tariff terms and conditions, or want to discuss the Project with OMS' representatives, are first required to execute a confidentiality agreement with OMS.  The confidentiality agreement and open season documents can be obtained by contacting OMS using the information below:

Greg Hills, Senior VP, Marketing and Midstream
1001 Fannin Street, Suite 1500
Houston, TX  77002
Telephone: (281) 404-9490
ghills@oasispetroleum.com

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