Oasis Midstream Partners LP, an MLP formed by Oasis Petroleum to own natural gas and oil assets in the Williston Basin, filed on Friday with the SEC to raise up to $100 million in an initial public offering, though we estimate it could raise significantly more.
The Houston, TX-based company was formed in 2013 and booked $129 million in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol OMP. Oasis Midstream Partners LP filed confidentially on April 7, 2017. Morgan Stanley, Citi, Wells Fargo Securities, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
