Chord Energy Corp - 01 Feb 2022 Form 4 Insider Report for Oasis Midstream Partners LP

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Feb 2022, 19:00:41 UTC
Prior SEC filing
01 Jul 2021
Next SEC filing
19 Sep 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Nickolas J. Lorentzatos, Executive Vice President, General Counsel and Corporate Secretary of Oasis Petroleum Inc.

Key filing fact

Chord Energy Corp filed Form 4 for Oasis Midstream Partners LP on 03 Feb 2022.

Key facts

  • This page summarizes Chord Energy Corp's Form 4 filing for Oasis Midstream Partners LP.
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 03 Feb 2022, 19:00.

Change

  • Previous filing in this sequence was filed on 01 Jul 2021.
  • Current net transaction value: -$930,088,959.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OMP transaction

Common units representing limited partner interests

Disposed to Issuer

Transaction value
$930,088,959
Shares
-33,846,032
Change %
-100%
Price
$27.48
Shares after
0
Date
01 Feb 2022
Ownership
See Footnote
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Chord Energy Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

On February 1, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of October 25, 2021 (the "Merger Agreement"), by and among Oasis Midstream Partners LP ("OMP"), OMP GP LLC, Crestwood Equity Partners LP ("Crestwood"), Project Phantom Merger Sub LLC, Project Falcon Merger Sub LLC and Crestwood Equity GP LLC, (i) each Sponsor Unit (as defined in the Merger Agreement) issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive 0.7680 common units representing limited partner interests in Crestwood ("Crestwood Common Units"). On January 31, 2022 (the last trading day prior to the Effective Time), the closing price of the Crestwood Common Units was $27.48.

Footnote F2

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 Oasis Petroleum Inc. ("OAS"). As of the Effective Date, OMS Holdings directly owned 21,846,032 common units representing limited interested in OMP ("OMP Common Units") and OIH directly owned 12,000,000 OMP 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 OAS directly owns 100% of the outstanding membership interests in Oasis Petroleum.

Footnote F3

(Continued from Footnote 2) Accordingly, OAS, Oasis Petroleum, OMS Holdings and OPNA may be deemed to be indirect beneficial owners of the securities of the Issuer held by OIH, and OAS and Oasis Petroleum may be deemed to be indirect beneficial owners of the securities of the Issuer held by OMS Holdings.

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