 HOUSTON, March 30, 2021 PRNewswire -- Oasis Midstream Partners LP Nasdaq: OMP the Partnership or OMP successfully closed the acquisition of all remaining interests in Bobcat DevCo LLC Bobcat DevCo and Beartooth DevCo LLC Beartooth DevCo from Oasis Petroleum Inc. Nasdaq: OAS Oasis as well as eliminated the Partnerships incentive distribution rights IDRs in exchange for 231.5 million cash and 14.8 million units for total consideration of approximately 512.5 million based on OMPs 20 day volume weighted average price ending on March 19, 2021 the Simplification. The Simplification also includes a right of first refusal in favor of OMP with respect to midstream opportunities in the Painted Woods and City of Williston operating areas of Oasis. 