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Oasis Petroleum Files for Chapter 11 Bankruptcy

Oasis Petroleum Files for Chapter 11 Bankruptcy

Oasis Petroleum (NYSE: OAS) announced today that it has filed for Chapter 11 bankruptcy. The oil company has entered into a restructuring support agreement with the majority of its creditors on a comprehensive "pre-packaged" restructuring plan. Oasis Petroleum's bankruptcy filing doesn't include its MLP Oasis Midstream Partners (NYSE: OMP).