Oasis Petroleum to spend $1.52B to acquire N.D. properties

09/6/2013 | Bloomberg

Oasis Petroleum will spend a total of $1.52 billion to acquire holdings in North Dakota from unidentified sellers. The deals, which cover about 161,000 net acres, are expected to be finalized early next month. "These acquisitions add high quality acreage in the heart of the Bakken and Three Forks play, providing incremental scale to our premier position in the Williston Basin," said Thomas Nusz, Oasis' chairman and CEO.

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