What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2022-02-25 compared with 2021-03-08 · 72 added, 38 removed, 226 unchanged (33% of the section changed)

18 unchanged sentences

Other Information

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Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not applicable.

Directors, Executive Officers and Corporate Governance

12 unchanged sentences

Pursuant to General Instruction G(3) to Form 10-K, we incorporate by reference into this Item the information to be disclosed in our definitive proxy statement for our 2022 Annual Meeting of Stockholders.

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Exhibits, Financial Statement Schedules

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and its Debtor Affiliates (Technical Modifications) (filed as Exhibit 2.1 to Oasis’s Current Report on Form 8-K filed on November 13, 2020, and incorporated herein by reference).

Contribution and Simplification Agreement, dated March 22, 2021, between Oasis Midstream Partners LP, OMS Holdings LLC, Oasis Midstream Services LLC, OMP GP LLC, OMP Operating LLC, OMP DevCo Holdings Corp., Beartooth DevCo LLC, Bobcat DevCo LLC and, for certain limited purposes set forth therein, Oasis Petroleum Inc.

(filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K on March 22, 2021, and incorporated herein by reference).

Purchase and Sale Agreement, dated as of May 3, 2021, among Oasis Petroleum North America LLC and QEP Energy Company (filed as Exhibit 2.2 to the Company’s Quarterly Report on Form 10-Q on May 7, 2021, and incorporated herein by reference).

Purchase and Sale Agreement dated May 20, 2021, between Oasis Petroleum Permian LLC and Percussion Petroleum Operating II, LLC (filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K on May 21, 2021, and incorporated herein by reference).

Agreement and Plan of Merger, dated October 25, 2021, by and among Crestwood Equity Partners LP, Project Falcon Merger Sub LLC, Project Phantom Merger Sub LLC, Oasis Midstream Partners LP, OMP GP LLC and, solely for purposes of Section 2.1(a)(i), Crestwood Equity GP LLC (filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K on October 28, 2021, and incorporated herein by reference).

Conformed version of Amended and Restated Certificate of Incorporation of Oasis Petroleum Inc., as amended by amendment filed on July 25, 2018 (filed as Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q on August 7, 2018, and incorporated herein by reference).

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adopted as of December 15, 2020 (filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K on December 18, 2020, and incorporated herein by reference).

Certificate of Designations of Series A Junior Participating Preferred Stock of Oasis Petroleum Inc.

(filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K on August 4, 2021, and incorporated herein by reference).

Description of Exhibit

Specimen Common Stock Certificate (filed as Exhibit 4.1 to the Company’s Registration Statement on Form S-1/A on May 19, 2010, and incorporated herein by reference).

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Description of Registrant’s Securities Registered Under Section 12 of the Exchange Act (filed as Exhibit 4.23 to the Company’s Annual Report on Form 10-K on February 27, 2020, and incorporated herein by reference).

Tax Benefits Preservation Plan, dated as of August 3, 2021, by and between Oasis Petroleum Inc.

and Computershare Trust Company, N.A., as Rights Agent (filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K on August 4, 2021, and incorporated herein by reference).

Form of Indemnification Agreement between Oasis Petroleum Inc.

5 unchanged sentences

(filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on March 9, 2015, and incorporated herein by reference).

Third Amended and Restated Employment Agreement effective as of March 20, 2015 between Oasis Petroleum Inc.

and Thomas B.

Nusz (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on March 20, 2015, and incorporated herein by reference).

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Description of Exhibit

Fourth Amended and Restated Employment Agreement effective as of March 20, 2015 between Oasis Petroleum Inc.

10 unchanged sentences

Services and Secondment Agreement, dated as of September 25, 2017, by and between Oasis Midstream Partners LP and the Company (filed as Exhibit 10.4 to the Company's Current Report on Form 8-K on September 29, 2017 and incorporated herein by reference).

Description of Exhibit

Third Amended and Restated Credit Agreement, dated as of October 16, 2018, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum North America LLC, as borrower, the other credit parties thereto, Wells Fargo Bank, N.A., as administrative agent, and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 19, 2018, and incorporated herein by reference).

2 unchanged sentences

Third Amendment to the Third Amended and Restated Credit Agreement, dated as of November 4, 2019, among Oasis Petroleum Inc., as parent, Oasis Petroleum North America LLC, as borrower, the other credit parties party thereto, Wells Fargo Bank, N.A., as administrative agent and the lenders party thereto (filed as Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q on November 6, 2019, and incorporated herein by reference).

Fourth Amended and Restated Employment Agreement effective as of March 20, 2018 between Oasis Petroleum Inc.

and Thomas B.

Nusz (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on March 22, 2018, and incorporated herein by reference).

Fifth Amended and Restated Employment Agreement effective as of March 20, 2018 between Oasis Petroleum Inc.

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(filed as Exhibit 10.1 to the Company's Current Report on Form 8-K on May 3, 2019, and incorporated herein by reference).

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Description of Exhibit

Form of Phantom Unit Award Grant Notice (filed as Exhibit 10.43 to the Company’s Annual Report on Form 10-K on March 1, 2019, and incorporated herein by reference).

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(filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on April 28, 2020, and incorporated herein by reference).

Description of Exhibit

Limited Waiver and Fourth Amendment to the Third Amended and Restated Credit Agreement, dated as of April 24, 2020, among Oasis Petroleum North America LLC, as borrower, the guarantors thereto, Wells Fargo Bank, N.A., as administrative agent and issuing bank and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on April 30, 2020, and incorporated herein by reference).

4 unchanged sentences

Exit Commitment Letter, dated September 29, 2020 (filed as Exhibit 10.3 to the Company’s Current Report on Form 8-K on September 30, 2020, and incorporated herein by reference).

Amendment to Fourth Amended and Restated Employment Agreement effective as of September 29, 2020 between Oasis Petroleum Inc.

and Thomas B.

Nusz (filed as Exhibit 10.4 to the Company’s Current Report on Form 8-K on September 30, 2020, and incorporated herein by reference).

Amendment to Fifth Amended and Restated Employment Agreement effective as of September 29, 2020 between Oasis Petroleum Inc.

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(filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K on November 20, 2020, and incorporated herein by reference).

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Description of Exhibit

5 unchanged sentences

2020 Long Term Incentive Plan (filed as Exhibit 10.5 to the Company’s Current Report on Form 8-K on November 20, 2020, and incorporated herein by reference).

Employment Agreement dated December 22, 2020 between Oasis Petroleum Inc.

and Douglas E.

Brooks (filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K on December 28, 2020, and incorporated herein by reference).

Employment Agreement, dated January 18, 2021, by and between Oasis Petroleum Inc.

and Taylor L.

Reid (filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K on January 21, 2021, and incorporated herein by reference).

Employment Agreement, dated January 18, 2021, by and between Oasis Petroleum Inc.

and Michael H.

Lou (filed as Exhibit 99.3 to the Company’s Current Report on Form 8-K on January 21, 2021, and incorporated herein by reference).

Employment Agreement, dated January 18, 2021, by and between Oasis Petroleum Inc.

and Nickolas J.

Lorentzatos (filed as Exhibit 99.4 to the Company’s Current Report on Form 8-K on January 21, 2021, and incorporated herein by reference).

Employment Agreement, dated April 13, 2021, by and between Oasis Petroleum Inc.

and Daniel E.

Brown (filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K on April 19, 2021, and incorporated herein by reference).

Form of Notice of Grant for Restricted Stock Units for Daniel E.

Brown dated April 13, 2021 (with form of associated Restricted Stock Unit Agreement attached thereto) (filed as Exhibit 99.3 to the Company’s Current Report on Form 8-K on April 19, 2021, and incorporated herein by reference).

Form of Notice of Grant for Relative Total Shareholder Return Performance Share Units for Daniel E.

Brown dated April 13,2021 (with form of associated Performance Share Unit Agreement attached thereto) (filed as Exhibit 99.4 to the Company’s Current Report on Form 8-K on April 19, 2021, and incorporated herein by reference).

Form of Notice of Grant for Absolute Total Shareholder Return Performance Share Units for Daniel E.

Brown dated April 13, 2021 (with form of associated Performance Share Unit Agreement attached thereto) (filed as Exhibit 99.5 to the Company’s Current Report on Form 8-K on April 19, 2021, and incorporated herein by reference).

Indemnification Agreement, dated April 13, 2021, by and between Oasis Petroleum Inc.

and Daniel E.

Brown (filed as Exhibit 99.6 to the Company’s Current Report on Form 8-K on April 19, 2021, and incorporated herein by reference).

Form of Notice of Grant for Restricted Stock Units (with form of associated Restricted Stock Unit Agreement attached thereto) (filed as Exhibit 99.5 to the Company’s Current Report on Form 8-K on January 21, 2021, and incorporated herein by reference).

Form of Notice of Grant for Relative Total Shareholder Return Performance Share Units (with form of associated Phantom Share Unit Agreement attached thereto) (filed as Exhibit 99.6 to the Company’s Current Report on Form 8-K/A on February 5, 2021, and incorporated herein by reference).

Form of Notice of Grant for Absolute Total Shareholder Return Performance Share Units (with form of associated Phantom Share Unit Agreement attached thereto) (filed as Exhibit 99.7 to the Company’s Current Report on Form 8-K/A on February 5, 2021, and incorporated herein by reference).

Description of Exhibit

First Amendment to Credit Agreement, dated as of February 19, 2021, among Oasis Petroleum Inc., as parent, Oasis Petroleum North America LLC, as borrower, Oasis Petroleum LLC, as OP LLC, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on February 24, 2021, and incorporated herein by reference).

Second Amendment to Credit Agreement, dated March 22, 2021, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum LLC, a Delaware limited liability company, Oasis Petroleum North America LLC, a Delaware limited liability company, as borrower, the guarantors party thereto, Wells Fargo Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on March 22, 2021, and incorporated herein by reference).

Third Amendment to Credit Agreement, dated May 3, 2021, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum LLC, a Delaware limited liability company, Oasis Petroleum North America LLC, a Delaware limited liability company, as borrower, the guarantors party thereto, Wells Fargo Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders party thereto (filed as Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q on May 6, 2021, and incorporated herein by reference).

Fourth Amendment to Credit Agreement, dated May 21, 2021, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum LLC, a Delaware limited liability company, Oasis Petroleum North America LLC, a Delaware limited liability company, as borrower, the guarantors party thereto, Wells Fargo Bank, N.A., as administrative agent, issuing bank, swingline lender, and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on May 21, 2021, and incorporated herein by reference).

Fifth Amendment to Credit Agreement, dated October 21, 2021, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum LLC, a Delaware limited liability company, Oasis Petroleum North America LLC, a Delaware limited liability company, as borrower, the guarantors party thereto, Wells Fargo Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on October 22, 2021, and incorporated herein by reference).

Sixth Amendment to Credit Agreement, dated December 22, 2021, by and among Oasis Petroleum Inc., as parent, Oasis Petroleum LLC, a Delaware limited liability company, Oasis Petroleum North America LLC, a Delaware limited liability company, as borrower, the guarantors party thereto, Wells Fargo Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders party thereto (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on December 29, 2021, and incorporated herein by reference).

Commitment Letter, dated as of May 3, 2021, by and among the Company and JPMorgan Chase Bank, N.A.

and Wells Fargo Bank, National Association (filed as Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q on May 6, 2021, and incorporated herein by reference).

Purchase Agreement, dated as of May 25, 2021 among Oasis Petroleum Inc., the Guarantors and J.P.

Morgan Securities LLC as representative of the several initial purchasers named therein (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on May 26, 2021, and incorporated herein by reference).

Support Agreement, dated October 25, 2021, by and among Crestwood Equity Partners LP, Oasis Midstream Partners LP, Oasis Petroleum Inc., OMP GP LLC and OMS Holdings LLC (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K on October 28, 2021, and incorporated herein by reference).

List of Subsidiaries of Oasis Petroleum Inc.

Consent of PricewaterhouseCoopers LLP.

Description of Exhibit

Consent of PricewaterhouseCoopers LLP.

Consent of DeGolyer and MacNaughton.

3 unchanged sentences

Sarbanes-Oxley Section 906 certification of Principal Financial Officer.

Report of DeGolyer and MacNaughton (filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K on February 25, 2021, and incorporated herein by reference).

Report of DeGolyer and MacNaughton

101(a) The following financial information from Oasis’s Annual Report on Form 10-K for the year ended December 31, 2021, formatted in Inline XBRL:

7 unchanged sentences

Form 10-K Summary

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Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, on March 8, 2021.

OASIS PETROLEUM INC.

/s/ Douglas E.

Board Chair and Chief Executive Officer

/s/ Daniel E.

Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the dates indicated:

Signature Title Date

/s/ Douglas E.

Brooks Board Chair and Chief Executive Officer

(Principal Executive Officer) March 8, 2021

/s/ Taylor L.

Reid President and Chief Operating Officer March 8, 2021

/s/ Daniel E.

Brown Chief Executive Officer

(Principal Executive Officer) February 24, 2022

/s/ Michael H.

Lou Executive Vice President and Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer) March 8, 2021

/s/ Samantha Holroyd Director March 8, 2021

(Principal Financial Officer and Principal Accounting Officer) February 24, 2022

/s/ Douglas E.

Brooks Board Chair February 24, 2022

/s/ Samantha Holroyd Director February 24, 2022

Samantha Holroyd

/s/ John Jacobi Director March 8, 2021

/s/ John Jacobi Director February 24, 2022

John Lancaster, Jr.

Director March 8, 2021

Director February 24, 2022

John Lancaster, Jr.

/s/ Robert McNally Director March 8, 2021

/s/ Robert McNally Director February 24, 2022

Robert McNally

/s/ Cynthia L.

Walker Director March 8, 2021

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Walker Director February 24, 2022

/s/ Marguerite N.

Woung-Chapman Director February 24, 2022

Marguerite N.

Woung-Chapman

GLOSSARY OF TERMS

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also a type of plug used to seal off a well temporarily while the wellhead is removed.

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“ Productive well .” A well that is found to be capable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of the production exceed production expenses and taxes.

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“Resource play.” An expansive contiguous geographical area with known accumulations of crude oil or natural gas reserves that has the potential to be developed uniformly with repeatable commercial success due to advancements in horizontal drilling and completion technologies.

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“ Spacing .” The distance between wells producing from the same reservoir.

19 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures