Oasis Plans $350M IPO For Williston Basin Play

By Pete Brush

Law360, New York (March 05, 2010, 5:34 PM ET) -- Houston-based oil and natural gas developer Oasis Petroleum Inc. has filed for an initial public offering worth up to $350 million and plans to use proceeds from the stock sale to fund an expansion of drilling on its properties in the Western U.S.

According to papers filed Thursday with the U.S. Securities and Exchange Commission, the company has accumulated a portfolio of undeveloped leases in the Williston Basin — a 457-mile-wide formation stretching from eastern Montana north into Saskatchewan and east into the Dakotas and Manitoba....
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles