Oasis Announces Intention To Spin Off MLP -- May 19, 2017

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Oasis: announces an intention to spin off a MLP. 

The MLP is intended to support Oasis's strategy to grow its midstream business.

The midstream assets that are expected to be contributed to the MLP are located in the Williston Basin area of North Dakota and/or Montana and include a portion of Oasis's (i) crude oil gathering and transportation system, (ii) natural gas gathering and processing system and (iii) water handling systems.

There can be no assurance that there will be an initial public offering of the MLP or any other transaction. Oasis expects to file a registration statement with the Securities and Exchange Commission in the second quarter of 2017.

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Looking Forward To July 4th

This should be a great summer. I will be spending another week in the Pacific Northwest to include western Montana.

I spent a wonderful week in Portland with our younger daughter just a few weeks ago, and now I will be returning to Portland in July to participate in a mini-family reunion. From Portland, we will drive to Glacier National Park in west-north central Montana.

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Bliss