In February 2007, Oasis Petroleum was founded by Thomas B. Nusz and Taylor L. Reid and was financed by EnCap Investments.[1] In June 2007, the company acquired 175,000 net acres and 1 thousand barrels of oil equivalent (6,100 GJ) per day of production in Williston, North Dakota for $83 million.[1]
In 2008–2009, the company acquired an additional 131,000 net acres and 1.1 thousand barrels of oil equivalent (6,700 GJ) per day of production nearby for $54 million.[1]
In 2013, the company acquired 161,000 net acres in the Williston Basin for $1.5 billion.[3]
In 2016, the company acquired 55,000 net acres and 226 gross operated drilling locations in the Williston Basin from SM Energy for $785 million.[4]
In 2017, the company completed the corporate spin-off of its midstream operations.[5][6] The same year, Oasis Petroleum acquired 20,300 net acres in the Delaware Basin for $946 million.[7][8][9] It sold these assets in 2021.[10]
In September 2020, the company filed prematurely for Chapter 11bankruptcy; it emerged from bankruptcy in November 2020.[11][12]
In February 2024, Chord Energy announced the acquisition of Canada's Enerplus for operations in the Williston Basin in North Dakota. The deal is valued at $11 billion.[15]
