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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%

Industry: Energy

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).
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IPO Data
IPO File Date 05/12/2017
Offer Price $17.00
Price Range $19.00 - $21.00
Offer Shares (mm) 7.5
Deal Size ($mm) $128
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/20/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $128
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Houston, TX, United States
Founded 2013
Employees at IPO 50
Website www.oasismidstream.com

Oasis Midstream Partners LP (OMP) Performance