Crestwood Equity Partners has completed Oasis Midstream acquisition

Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. As a result of the combination, Crestwood has significantly enhanced its scale and competitive position in the Williston and Delaware Basins, enabling the company to capture expected operational and commercial synergies of approximately $45 million and driving enhanced financial strength and flexibility.

As previously announced, under the terms of the merger agreement, public holders of Oasis Midstream common units will receive 0.8700 Crestwood common units in exchange for each Oasis Midstream common unit. As previously announced, Crestwood unitholders as of the February 7, 2022 record date, including legacy Oasis Midstream unitholders that remain Crestwood unitholders, will receive Crestwood’s $0.625 per limited partner unit distribution, attributed to the fourth quarter 2021 and payable on February 14, 2022. Crestwood will utilize excess available free cash flow from the combined company to make the fourth quarter 2021 distribution payment.

Since I own 70 shares of Oasis Midstream Partners, I will receive 60 shares of Crestwood Equity Partners and small amount of cash. As Crestwood is paying distribution for February already, I should receive $37.5 in dividends also.

Oasis Midstream Partners to merge with Crestwood Equity Partners LP

Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that Oasis Midstream Partners (NASDAQ: OMP) ("OMP") has entered into a definitive agreement under which it will merge with Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood"). Under the terms of the agreement, Oasis, as a unitholder of OMP, will receive $160MM in cash in addition to approximately 21.0MM common units of CEQP in aggregate in exchange for its 33.85MM OMP common units and non-economic general partner stake. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned. In the aggregate, the total consideration represents an at-the-market transaction based on the closing prices for OMP and Crestwood on October 25, 2021, and implies an enterprise value for the combined companies of approximately $6.9B. Upon completion of the transaction, Oasis will own approximately 21.7% of Crestwood common units.

Since I own 70 shares of OMP, I should receive 60 shares of CEQP and some cash

Dividend increase #21 of 2021 : Oasis Midstream Partners

On August 3, 2021, the board of directors of OMP GP LLC (the "General Partner") declared the quarterly cash distribution for the second quarter of 2021 of $0.56 per unit, payable on August 27, 2021 to unitholders of record as of August 16, 2021.

Dividend increase #13 of 2021 : Oasis Midstream Partners LP

 On May 3,2021, the board of directors of OMP GP LLC declared the quarterly cash distribution for the first quarter of 2021 of $0.55 per unit, payable on May 27, 2021 to unitholders of record as of May 17, 2021.

Oasis Midstream Partners increases dividend

Oasis Midstream Partners (OMP) declared the quarterly cash distribution of $0.54 per unit for 4Q19, an approximate 5% increase from 3Q19 and 20% increase from 4Q18.

Since I own 70 shares of OMP, this change will increase my 12 month forward dividends by $7.00

Oasis Midstream Partners increases dividend

Oasis Midstream Partners declared the quarterly cash distribution of $0.515 per unit for 3Q 2019, an approximate 5% increase from 2Q 2019.  OMP distribution coverage for 3Q 2019 was 2.0x. Distribution coverage exceeded the top-end of 3Q 2019 guidance of 1.8x to 1.9x. Good distribution coverage leaves rooms for additional increases. Looking good.

Since I own 70 shares of OMP, this change will increase my 12 month forward dividends by $7.00

Oasis Midstream Partners increases dividend

Oasis Midstream Partners declared the quarterly cash distribution of $0.49 per unit, an approximate 5% increase from 1Q 2019. This is the third increase this year, looking very good.

Oasis Midstream Partners increases dividend

Declared the quarterly cash distribution for the first quarter of 2019 of $0.47 per unit, an approximate 5% increase from the cash distribution declared for the fourth quarter of 2018, in line with the Partnership's 20% annualized distribution growth target.

Oasis Midstream Partners LP increases dividend

HOUSTON, Feb. 5, 2019 /PRNewswire/ -- Oasis Midstream Partners LP (NYSE: OMP) ("Oasis Midstream" or the "Partnership") today declared a quarterly cash distribution of $0.45 per unit for the fourth quarter of 2018. The distribution will be paid on February 28, 2019, to all OMP unitholders of record at the close of business February 15, 2019. The quarterly cash distribution is 5% higher than the cash distribution declared for the third quarter of 2018, and is in line with the Partnership's 20% annualized distribution growth target.

New purchase : Oasis Midstream Partners

Added 25 shares of Oasis Midstream Partners LP (OMP) at $22.1
4 per share. I hold now 70 shares of OMP

Oasis Midstream Partners increases dividend

HOUSTON, Oct. 30, 2018 /PRNewswire/ -- Oasis Midstream Partners LP (NYSE: OMP) (the "Partnership" or "OMP") declared a quarterly cash distribution of $0.4300 per unit for the third quarter of 2018.  The distribution will be paid on November 27, 2018, to all OMP unitholders of record at the close of business November 9, 2018. The quarterly cash distribution is 5% higher than the cash distribution declared for the second quarter of 2018, and is in line with the Partnership's 20% annualized distribution growth target. 

New purchase : Oasis Midstream Partners LP

New position started in portfolio. Purchased 45 shares of Oasis Midstream Partners LP at 23.45 per share. Oasis pays dividend with 2-5-8-11 schedule and is targeting 20% annual growth in dividends. Oasis is a quite new partnership and has so far performed well, so I decided to jump in and take a look how it proceeds.

Oasis

Oasis just recently declares $0.41/share quarterly dividend, 3.7% increase from prior dividend of $0.3952. Forward yield 7.56% Payable Aug. 29; for shareholders of record Aug. 16; ex-div Aug. 15.