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Oasis Midstream Partners LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 4, 2021. Its latest SEC filing is a 15-12B from Feb 17, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides oil, natural gas and water gathering, processing, transportation and disposal services to oil and gas producers.

How Did They Make Money?

Charges customers fees for crude oil, natural gas and water services, generally tied to the volumes handled; payment is generally due 30 days after invoice receipt. It also sells crude oil, natural gas, natural gas liquids and freshwater after taking ownership, with payment generally due 30 days after invoice receipt.

revenue

Who Were Their Customers?

Oasis Petroleum and other oil and gas producers contract directly with the partnership for crude oil, natural gas and water services.

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in .

Operating income,
23% of revenue
▼ −66% vs ($232.8M, 57%)
Net income,
7% of revenue
▼ −80% vs ($117.7M, 29%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +25%
vs $84.6M in Q3 FY2020
Net income
▲ +38%
vs $27.3M in Q3 FY2020
  • Feb 4, 2022 Crestwood completed its acquisition of Oasis Midstream Oasis Midstream became a subsidiary of Crestwood in the merger.

Grew. Revenue grew 2.9x in 4 years, from $120.9M in to $347.9M in , about 30% a year.

Added Permian operations The older report describes operations exclusively in the Williston Basin; the latest report also describes crude oil and water gathering in the Permian Basin.

Revenue over time
Midstream service Product sales Midstream Services
$500M$250M$0

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