Oasis Petroleum, Whiting close to merger agreement

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Oasis Petroleum, Whiting close to merger agreement
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The companies combined would be worth roughly $6 billion, given Oasis’ market value of $2.8 billion and Whiting’s, which stands at $3.3 billion.

Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter.

It... Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter. It would be the first significant tie-up among oil companies in several months, after a string of them in recent years, and comes as Russia’s invasion of Ukraine roils energy markets and causes crude prices to surge.

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