The Wall Street Journal: Oasis Petroleum, Whiting close to merger agreement

March 7, 2022

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

The all-stock tie-up between the rival North Dakota shale drillers could be unveiled early this week, the people said, assuming the talks don’t fall apart. The companies combined would be worth roughly $6 billion, given Oasis’
OAS,
+8.18%
market value of $2.8 billion and Whiting’s
WLL,
+5.67%,
which stands at $3.3 billion.

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