DLA Piper represented Oasis Petroleum Inc., an independent oil and natural gas exploration and production company, in its recently announced purchases of Bakken assets totaling more than US$1.5 billion. As reported, the combined acquisitions encompass approximately 161,000 net acres and are located in the Williston Basin, which extends from Saskatchewan, Canada in the north to South Dakota in the south.

In addition, the firm assisted with the semi-annual redetermination of the borrowing base, which led to an increase from US$1.25 billion to US$1.5 billion.

DLA Piper’s multi-disciplinary team representing Oasis was led by Jack Langlois (Houston) and included Amy Beckstead (Austin); Frank Mugabi (New York); Stephen Sharkey (Baltimore); and Glenn Reitman, Erick Wang, Steve Torello, Travis King, Erin Hopkins and George Pothoulakis (Houston).