HOUSTON, Feb. 2, 2018 /PRNewswire/ -- Oasis Midstream
Partners LP (NYSE: OMP) ("Oasis Midstream" or the "Partnership")
today announced that the Board of Directors of OMP GP LLC, the
general partner of the Partnership, declared the initial quarterly
cash distribution of $0.3750 per unit
for the quarter ending December 31,
2017. The Board of Directors also declared the third quarter
distribution of $0.0245 per unit for
the six days ending September 30,
2017. The third quarter distribution has been prorated from
the closing of the Partnership's initial public offering on
September 25, 2017. Both
distributions equate to the minimum quarterly distribution of
$0.3750 per unit on a full-quarter
basis. Both distributions will be payable on February 26, 2018 to unitholders of record as of
February 16, 2018.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that the Partnership
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Without limiting the generality of
the foregoing, forward-looking statements contained in this press
release specifically include the expectations of plans, strategies,
objectives and anticipated financial and operating results of the
Partnership, including the Partnership's capital expenditure levels
and other guidance included in this press release. These statements
are based on certain assumptions made by the Partnership based on
management's experience and perception of historical trends,
current conditions, anticipated future developments and other
factors believed to be appropriate. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Partnership, which may cause actual
results to differ materially from those implied or expressed by the
forward-looking statements. These include, but are not limited to,
the Partnership's ability to integrate acquisitions into its
existing business, changes in oil and natural gas prices, weather
and environmental conditions, the timing of planned capital
expenditures, availability of acquisitions, uncertainties in the
estimates of proved reserves and forecasted production results of
the Partnership's customers, operational factors affecting the
commencement or maintenance of producing wells, the condition of
the capital markets generally, as well as the Partnership's ability
to access them, the proximity to and capacity of transportation
facilities, and uncertainties regarding environmental regulations
or litigation and other legal or regulatory developments affecting
the Partnership's business and other important factors. Should one
or more of these risks or uncertainties occur, or should underlying
assumptions prove incorrect, the Partnership's actual results and
plans could differ materially from those expressed in any
forward-looking statements.
Any forward-looking statement speaks only as of the date on which
such statement is made and the Partnership undertakes no obligation
to correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
Qualified Notice
This release is intended to be a
qualified notice under Treasury Regulation Section 1.1446-4(b).
Brokers and nominees should treat one hundred percent (100.0%) of
the Partnership's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a
United States trade or
business. Accordingly, the Partnership's distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
About Oasis Midstream Partners LP
Oasis Midstream is a
growth-oriented, fee-based master limited partnership initially
formed by Oasis Petroleum (NYSE: OAS) to own, develop, operate and
acquire a diversified portfolio of midstream assets in North America that are integral to the oil and
natural gas operations of Oasis Petroleum and strategically
positioned to capture volumes from other producers. Oasis
Midstream's initial assets are located in the Williston Basin area of North Dakota and Montana. For more information, please visit
Oasis Midstream's website at www.oasismidstream.com.
Contact:
Oasis Petroleum Inc.
Taylor Mason, (281) 404-9600
Manager, Corporate Finance & Investor Relations
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SOURCE Oasis Midstream Partners LP