Forge Energy: Oasis Petroleum acquires Delaware Basin acreage for nearly $1B

Over 20,000 acres in the Delaware Basin is changing hands from one Texas oil exploration and production company to another. Houston-based Oasis Petroleum Inc. (NYSE: OAS) will purchase the land from San Antonio-based Forge Energy LLC for about $946 million, according to a Dec. 11 press release. The deal is expected to close in February and will be funded through $483 million in cash and 46 million shares of Oasis stock valued at $463 million on Dec. 8. Also on Dec. 11, Oasis announced a public...