Oasis Midstream Partners LP sets terms for $150 million IPO
Oasis Midstream Partners LP, an MLP formed by Oasis Petroleum to own natural gas and oil assets in the Williston Basin, announced terms for its IPO on Monday.
The Houston, TX-based company plans to raise $150 million by offering 7.5 million common units at a price range of $19 to $21. At the midpoint of the proposed range, Oasis Midstream Partners LP would command a market value of $550 million.
Oasis Midstream Partners LP was founded in 2013 and booked $140 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol OMP. Morgan Stanley, Citi, Wells Fargo Securities, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of September 18, 2017.
The article Oasis Midstream Partners LP sets terms for $150 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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