| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Public Target Merger | |
| Acquirer | Oasis Petroleum Inc. | |
| Public | Yes | |
| Industry | Energy & Natural Resources | |
| Private equity sponsorship | No | |
| Target | Whiting Petroleum Corporation | |
| Public | Yes | |
| Industry | Energy & Natural Resources | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | March 7, 2022 | |
| Transaction value | $6 billion | |
| Form of consideration | Mixed (cash and equity) | |
| Type of merger | Reverse Triangular | |
| Tender offer | No | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Kirkland & Ellis LLP | |
| Individual attorney(s) |
Sean T. Wheeler; Debbie Yee; Cephas Sekhar |
|
| Acquirer Counsel | ||
| Law firm #1 | Vinson & Elkins LLP | |
| Individual attorney(s) |
David P. Oelman; Stephen M. Gill; Benji Barron |
|
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | Citi | |
| Acquirer Financial Advisors | ||
| Financial advisor #1 | Tudor, Pickering, Holt & Co. | |
| Financial advisor #2 | RBC Capital Markets LLC | |