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Oasis Midstream Partners LP Priced, NYSE: OMP

MLP formed by Oasis Petroleum to own midstream assets in the Williston Basin.

Industry: Energy

First Day Return: -1.5%

We are a growth-oriented, fee-based master limited partnership formed by our sponsor, Oasis Petroleum (NYSE: OAS), to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis and are strategically positioned to capture volumes from other producers. Our current midstream operations are performed exclusively within the Williston Basin, one of the most prolific crude oil producing basins in North America. We generate substantially all of our revenues through 15-year, fixed-fee contracts pursuant to which we provide crude oil, natural gas and water-related midstream services for Oasis. We expect to grow acquisitively through accretive, dropdown acquisitions, as well as organically as Oasis continues to develop its acreage in the Williston Basin. Additionally, we expect to grow by offering our services to third parties and through acquisitions of midstream assets from third parties. We intend to distribute at least the minimum quarterly distribution of $0.3750 per unit ($1.50 per unit on an annualized basis; 7.5% yield at $20 midpoint).

Oasis Midstream Partners LP (OMP) Performance

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