U.S. shale producers Oasis, Whiting to merge in $6 billion deal – Reuters.com

U.S. shale producers Oasis, Whiting to merge in $6 billion deal – Reuters.com

March 7 (Reuters) - Oasis Petroleum Inc (OAS.O) and Whiting Petroleum Corp (WLL.N) will merge in a $6 billion deal including debt, the U.S. shale oil and gas producers said on Monday.

The deal between the companies, which had filed for Chapter 11 bankruptcy in 2020 following a crash in energy prices due to the pandemic, comes amid record high crude prices.

Reuters on Sunday reported about their impending merger, citing a source familiar with the matter. read more