Chord Energy Corp - Sep 15, 2022 Form 4 Insider Report for Crestwood Equity Partners LP (CEQP)

Role
10%+ Owner
Signature
/s/ M. Scott Regan, Executive Vice President, General Counsel and Secretary of Chord Energy Corporation
Stock symbol
CEQP
Transactions as of
Sep 15, 2022
Transactions value $
-$428,230,580
Form type
4
Date filed
9/19/2022, 05:24 PM
Previous filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEQP Common Units Sale -$304M -11.4M -54.32% $26.71 9.59M Sep 15, 2022 See Footnote F1, F2, F3
transaction CEQP Common Units Disposed to Issuer -$124M -4.6M -47.99% $26.90 4.99M Sep 15, 2022 See Footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Chord Energy Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a previously announced public secondary offering (the "Secondary Offering") of common units representing limited partner interests (the "Crestwood Common Units") in the Issuer.
F2 This price represents the public offering price per unit of the Crestwood Common Units less the underwriting discount in connection with the Secondary Offering.
F3 This Form 4 is being jointly filed by Oasis Investment Holdings LLC ("OIH"), Oasis Petroleum North America LLC ("OPNA"), OMS Holdings LLC ("OMS Holdings"), Oasis Petroleum LLC ("Oasis Petroleum") and Chord Energy Corporation ("Chord"). As of the date of this Form 4, OMS Holdings directly holds 4,985,668 Crestwood Common Units. OMS Holdings is the managing member of and owns an 87.3% membership interest in OIH. OPNA owns the remaining 12.7% membership interest in OIH. Oasis Petroleum directly owns 100% of the outstanding membership interests in each of OMS Holdings and OPNA, and Chord directly owns 100% of the outstanding membership interests in Oasis Petroleum. Accordingly, Chord and Oasis Petroleum may be deemed to be indirect beneficial owners of the securities of the Issuer held by OMS Holdings.
F4 This sale represents the Crestwood Common Units sold to the Issuer pursuant to the terms of the Common Unit Repurchase Agreement, dated September 12, 2022, by and between the Issuer and OMS Holdings.
F5 The Crestwood Common Units were sold to the Issuer at a price equal to the public offering price per unit in the Secondary Offering.

Remarks:

Upon consummation of the merger on July 1, 2022 between Chord and Whiting Petroleum Corporation ("Whiting") pursuant to that certain Agreement and Plan of Merger, dated as of March 7, 2022, by and among Chord, Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Chord, New Ohm LLC, a Delaware limited liability company and a wholly owned subsidiary of Chord, and Whiting, Chord changed its name from "Oasis Petroleum Inc." to "Chord Energy Corporation."