The Firm recently represented Morgan Stanley & Co. LLC in connection with the registered public offering of an aggregate of 3,623,188 common units by Oasis Midstream Partners LP (“OMP”), which raised approximately $87 million in gross proceeds before expenses from the offering. OMP is a wholly owned subsidiary of Oasis Petroleum Inc. (“OAS”). OMP intends to use the net proceeds from the offering to redeem 3,623,188 common units from OAS.
OMP is a leading 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, Ashley Yoon and Ben Pittenger (Capital Markets); Nancy Mehlman and Jasmine Hay (Tax); Mike Isby (Environmental); Abram Ellis and Christine Tillema (Regulatory); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).