Oasis Petroleum Inc. – Independent E&P Files Prepackaged Chapter 11 with $2.265bn of Funded Debt; Further to RSA, Noteholders to Swap $1.8bn of Debt for 100% of Emerged Equity
September 30, 2020 – Oasis Petroleum Inc. and eight affiliated Debtors (NASDAQ: OAS; “Oasis Petroleum” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-34771. The Debtors, an independent exploration and production company focused on assets in the Williston and Delaware Basins,…