Oasis Midstream Partners Lp
Business Description
Oasis Midstream Partners LP is a growth-oriented, fee-based master limited partnership
formed by its sponsor, Oasis Petroleum Inc. (NYSE: OAS) (“Oasis Petroleum”),
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
Petroleum 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
expect to grow acquisitively through accretive, dropdown acquisitions, as well
as organically as Oasis Petroleum continues to develop its acreage. Additionally,
we expect to grow by offering our services to third parties and through acquisitions
of midstream assets from third parties. Through our entry into an Omnibus Agreement
(as defined below), Oasis Petroleum has also granted us a right of first offer
(“ROFO”), which converts into a right of first refusal (“ROFR”)
from any successor upon a change of control of Oasis Petroleum with respect to
its retained interests in each of our three development companies (the “DevCos”)
and any other midstream assets that Oasis Petroleum or any successor to Oasis
Petroleum builds with respect to its current acreage and elects to sell in the
future.
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