McDermott Represents Oasis Petroleum in its Acquisition of Select Williston Basin Assets

International law firm McDermott Will & Emery represented Oasis Petroleum Inc. (Oasis), an independent exploration and petroleum company, in its Purchase and Sale Agreement under which Oasis will acquire select Williston Basin assets from Diamondback Energy. The transaction is expected to generate significant free cash flow for the benefit of Oasis and its shareholders.

• The transaction is valued at approximately $745 million.

• McDermott Will & Emery acted as legal advisor to Oasis.

• J.P. Morgan Securities LLC acted as strategic and financial advisor to Oasis.

• In connection with the acquisition, Oasis entered into a commitment letter with J.P. Morgan and Wells Fargo to provide a $500MM bridge facility. Wells Fargo is administrative agent on Oasis’s credit facility.

• The McDermott team was led by Jack Langlois and Jibin Luke and included Sarah Nabors, Alexander Farr, Lesli Esposito, Brian Boyle, Jacob Hollinger, Andrew Kratenstein, Daniel Doron and Allison Wilkerson.

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