Petroleum Inc. Oasis, a major owner of Oasis Midstream Partners LP, recently acquired 13,750,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on March 19, 2021. Oasis now owns 22,825,000 shares of the company. Oasis operates out of Houston, TX. Some additional info was provided as follows:
On March 19, 2021, upon satisfaction of certain financial conditions for the conversion of the subordinated units representing limited partner interests of the Issuer ("Subordinated Units") set forth in the Issuer's Amended and Restated Agreement of Limited Partnership (the "Agreement"), all of the outstanding Subordinated Units automatically converted into common units representing limited partner interests of the Issuer (the "Common Units") on a one-for-one basis, pursuant to the terms of the Agreement, for no additional consideration. Upon the conversion of all of the Subordinated Units to Common Units, the Subordination Period (as defined in the Agreement) automatically terminated.
This Form 4 is being jointly filed by OMS Holdings LLC ("OMS Holdings"), Oasis Petroleum LLC ("Oasis Petroleum") and Oasis Petroleum Inc. ("OAS"). As of March 19, 2021, OMS Holdings directly owns 22,825,000 common units, Oasis Petroleum directly owns 100% of the outstanding membership interests in OMS Holdings and OAS directly owns 100% of the outstanding membership interests in Oasis Petroleum. Accordingly, OAS and Oasis Petroleum may be deemed to be an indirect beneficial owner of the securities of the Issuer held by OMS Holdings.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: