Oasis Petroleum Announces Delaware Basin Acquisition and Provides Operational Updates

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

Oasis Petroleum Inc. Announces the Acquisition of Approximately 55,000 Net Acres in the Williston Basin

On October 17, 2016, Oasis signed a purchase and sale agreement to acquire approximately 55,000 net acres and an estimated 226 gross operated drilling locations in the Williston Basin for approximately $785 million. We have internally estimated that as of December 1, 2016, the properties to be acquired will have an estimated 50.2 MMBoe of proved reserves, 63% of which are considered proved developed producing and 77% of which are