Oasis Midstream Partners’ $450 Million Senior Notes Offering

Simpson Thacher represented the initial purchasers in the transaction while Vinson & Elkins LLP advised Oasis Midstream Partners LP.

Oasis Midstream Partners LP (“OMP”) and, its wholly owned subsidiary, OMP Finance Corp, executed the debut offering of $450 million aggregate principal amount of 8% Senior Notes due 2029 (the “Notes”). OMP intends to use the net proceeds from the offering to make a distribution to Oasis Midstream Services LLC, a wholly owned subsidiary of OAS, in connection with its simplification transaction with OAS and to repay outstanding borrowings under its revolving credit facility.

Citigroup Global Markets Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Mizuho Securities USA LLC, CIBC World Markets Corp., Citizens Capital Markets, Inc., Goldman Sachs & Co. LLC, Regions Securities LLC, Truist Securities, Inc., BOK Financial Securities, Inc., Comerica Securities, Inc., Morgan Stanley & Co. LLC, and Raymond James & Associates, Inc. acted as initial purchasers for the offering.

OMP is a wholly owned subsidiary of Oasis Petroleum Inc. (“OAS”). OMP is a premier gathering and processing master limited partnership formed by its sponsor, OAS, to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the crude oil and natural gas operations of OAS and are strategically positioned to capture volumes from other producers.

The Simpson Thacher team included Dave Azarkh, Ryan Bekkerus, Ashley Yoon and Aseda Ghartey-Tagoe (Capital Markets); Jon Cantor and Jasmine Hay (Tax); Mike Isby (Environmental); Abram Ellis and Christine Tillema (Regulatory); Ashlie Lawton (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).

The V&E team was led by partners David Oelman and Noel Hughes, with assistance from counsel Christianne Williams and associates Anthony Sanderson, Matthew Fiorillo and Taylor Kim.

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Ryan Bekkerus – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Abram Ellis – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Essie Ghartey-Tagoe – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Ashlie Lawton – Simpson Thacher & Bartlett; Christine Tillema – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett; Matthew Fiorillo – Vinson & Elkins LLP; Noel Hughes – Vinson & Elkins LLP; David Palmer Oelman – Vinson & Elkins LLP; Anthony Sanderson – Vinson & Elkins LLP; Christianne Williams – Vinson & Elkins LLP;

Law Firms: Simpson Thacher & Bartlett; Vinson & Elkins LLP;

Clients: BOK Financial Securities Inc.; CIBC World Markets; Citigroup Global Markets Ltd; Citizens Capital Markets; Comerica Securities, Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Mizuho Securities; Morgan Stanley; Oasis Midstream Partners LP; Raymond James & Associates, Inc.; RBC Capital Markets; Regions Securities LLC; Truist Securities Inc. ; Wells Fargo Securities;

Author: Martina Bellini