Whiting And Oasis To Combine In $6B Merger Of Equals Transaction; Whiting Shareholders Will Receive 0.5774 Shares Of Oasis Common Stock And $6.25 In Cash For Each Share Of Whiting Common Stock Owned

Author: Benzinga Newsdesk | March 07, 2022 07:22am

Creating a Scaled Unconventional U.S. Oil Producer with a Premier Williston Basin Acreage Position Totaling 972K Net Acres and Combined 4Q21 Production of 167.8 Thousand Boepd

Transaction Accretive to Key Per-share Metrics While Maintaining a Strong, Relatively Unlevered Pro Forma Balance Sheet at Close

Combined Company to Benefit from Significantly Enhanced Operating Scale and Free Cash Flow; Expect to Deliver Sustainable Dividends and Attractive Returns to Shareholders

Transaction Expected to Generate Administrative and Operational Cost Synergies of Approximately $65MM Annually

Progressive ESG Profile with Top Tier Gas Capture Track Record in North Dakota

Lynn Peterson to Serve as Executive Chair of the Board; Danny Brown to Serve as President and CEO

Companies to Host Conference Call Today at 8:30 a.m. ET (7:30 a.m. CT)

Posted In: OAS WLL