Oasis Is On A Roll; Preliminary 3Q21 Results; Midstream Announces Merger With Crestwood Equity Partners -- Reader -- October 26, 2021

Sorry for the delay in posting. Traveling today.

Disclaimer: there will more content and typographical errors than usual while traveling. This will remain in force for one week. 

Updates

Later, 1:10 p.m. CT: source.

Original Post

Oasis shares surge: up 5%; up $5.62; trading at $120.03.

Source.;

• Oasis Midstream Partners to merge with Crestwood Equity Partners:
• Oasis to receive $160 million in cash
• 21 million units of CEQP in exchange for 33.85 million OMP common units
• public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned.

• Preliminary 3Q21 results:
• production:
• boepd: 1,800 boepd
• oil: 31,000 bopd
• CAPEX:
• >20% below guidance
• FY201 CAPEX reduced by 9%
• financial
• increased its first dividend 33% to 50 cents/share/quarter
• OMP announced a 56-cent / unit distribution in 3Q2

Oasis is tracked here.