XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Organization and Operations of the Company
12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Operations of the Company Organization and Operations of the Company
Oasis Petroleum Inc. (together with its consolidated subsidiaries, “Oasis” or the “Company”) is an independent exploration and production (“E&P”) company with quality and sustainable long-lived assets. Oasis Petroleum North America LLC (“OPNA”) conducts the Company’s E&P activities and owns its oil and gas properties located in the North Dakota and Montana regions of the Williston Basin.
As of December 31, 2021, the Company owned approximately 70% of the outstanding limited partner units of Oasis Midstream Partners LP (“OMP”). On February 1, 2022, the Company completed the OMP Merger (defined in Note 5Oasis Midstream Partners), which qualified for reporting as a discontinued operation. See Note 5Oasis Midstream Partners and Note 6—Discontinued Operations for additional information.