M&A Deal Summary

Oasis Midstream Partners Acquires Bobcat DevCo

On November 8, 2018, Oasis Midstream Partners acquired energy services and equipment company Bobcat DevCo from Chord Energy for 125M USD

Acquisition Highlights
  • This is Oasis Midstream Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Oasis Midstream Partners’ largest (disclosed) transaction.
  • This is Oasis Midstream Partners’ 1st transaction in the United States.

M&A Deal Summary
Date 2018-11-08
Target Bobcat DevCo
Sector Energy Services and Equipment
Buyer(s) Oasis Midstream Partners
Sellers(s) Chord Energy
Deal Type Divestiture
Deal Value 125M USD

Target

Bobcat DevCo

United States
Bobcat DevCo LLC focused in the Wild Basin operating area and include gas gathering, compression and gas lift, crude oil gathering and produced water gathering and disposal. Bobcat DevCo is a particularly strategic midstream asset, as it has been a key contributor to the early success of connecting third-party volumes to OMP's gas plants.

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Buyer(S) 1

Buyer

Oasis Midstream Partners

Houston, Texas, United States

website

Category Company
Founded 2013
Sector Oil/Gas Exploration
Revenue 348M USD (2020)
DESCRIPTION

Oasis Midstream Partners 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 strategically positioned to capture volumes from other producers. Oasis Midstream's initial assets are located in the Williston Basin area of North Dakota and Montana. Oasis Midstream Partners was founded in 2013 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Chord Energy

Houston, Texas, United States

website

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees531
Revenue 3.6B USD (2022)
DESCRIPTION
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.

Chord Energy is an independent oil and gas company focused on the acquisition and development of unconventional oil and natural gas resources. Chord Energy was formed in 2007 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Forge Energy

San Antonio, Texas, United States

Forge Energy is an oil and gas exploration and production company. Forge focuses on developing domestic onshore oil and gas resources, both conventional and unconventional.

Buy $946M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Diamondback Energy - Williston Basin Assets

Midland, Texas, United States

Williston Basin Assets is one of the largest sedimentary basins in the U.S. and has oil and gas production from several reservoirs.

Buy $745M
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