Is Oasis Petroleum a Takeout Target?

Oasis Petroleum Bakken Acreage Map - Acquisition Included
Oasis Petroleum Bakken Acreage Map - Acquisition Included

Location, location, location. It's a good time to have an interest in the Bakken and Three Forks.

A recent article by Bloomberg indicates Oasis Petroleum's recent Bakken acquisition makes the company even more attractive to buyers. Oasis acquired 161,000 acres through four separate transactions and now controls ~492,000 net acres prospective for Bakken drilling.

A few highlights from the article include:

  • European companies like Statoil and Repsol might be interested in expanding their shale footprint in the U.S.
  • Oasis offers "core acreage in very good areas."
  • The company's large Bakken position signals a "commitment to be a pure-play", which is attractive to buyers
  • Larger drilling inventory makes the company more attractive
  • Oasis is trading ~70% cheaper than other U.S. explorers based on EBITDA multiples

Read more in the article published at