Oasis Midstream Partners LP (OMP) is planning to raise $150 million in an initial public offering (IPO) on Thursday, September 21st, IPO Scoop reports. The company plans to issue 7,500,000 shares at a price of $19.00-$21.00 per share.
In the last year, Oasis Midstream Partners LP generated $140.1 million in revenue and $44.1 million in net income. The company has a market cap of $103.1 million.
Morgan Stanley, Citigroup and Wells Fargo Securities acted as the underwriters for the IPO and Credit Suisse, Deutsche Bank Securities, Goldman Sachs, J.P. Morgan, RBC Capital Markets, BOK Financial Securities, BB&T Capital Markets, BBVA, BTIG, Capital One Securities, CIBC Capital Markets, Citizens Capital Markets, Comerica Securities, Heikkinen Energy Advisors, IBERIA Capital Partners, ING, Johnson Rice & Company, Raymond James, Regions Securities, Simmons & Company International (Energy Specialists of Piper Jaffray and Tudor, Pickering, Holt were co-managers.
Oasis Midstream Partners LP provided the following description of their company for its IPO: ” We are a growth-oriented, fee-based master limited partnership formed by our sponsor, Oasis Petroleum Inc. (NYSE: OAS) (“Oasis”), 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. “.
Oasis Midstream Partners LP was founded in 2013 and has 0 employees. The company is located at 1001 Fannin Street, Suite 1500, Houston, TX 77002, US and can be reached via phone at (281) 404-9500 or on the web at http://www.oasismidstream.com.
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