3//SEC Filing
Forge Energy, LLC 3
Accession 0000899243-18-004614
CIK 0001486159other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:09 PM ET
Size
11.3 KB
Accession
0000899243-18-004614
Insider Transaction Report
Form 3
EnCap Partners GP, LLC
10% Owner
Holdings
- 46,000,000(indirect: See footnote)
Common Stock, par value $0.01 per share
Forge Energy, LLC
10% Owner
Holdings
- 46,000,000(indirect: See footnote)
Common Stock, par value $0.01 per share
EnCap Energy Capital Fund VIII, L.P.
10% Owner
Holdings
- 46,000,000(indirect: See footnote)
Common Stock, par value $0.01 per share
Footnotes (4)
- [F1]On February 14, 2018, Forge Energy, LLC, a Delaware limited liability company ("Forge"), and the Issuer consummated the transactions contemplated by that certain Purchase and Sale Agreement by and among Forge, as Seller, and Oasis Petroleum Permian LLC, as Purchaser ("Oasis Permian"), and the Issuer dated December 11, 2017, pursuant to which Forge sold 20.3 thousand net acres in the Permian Basin to Oasis Permian, in exchange for approximately $463 million in cash and 46 million shares of common stock, par value $0.01 per share, of the Issuer valued at approximately $463 million as of the close of trading on December 8, 2017.
- [F2]Each reporting person disclaims beneficial ownership of the reported securities except to the extent of such reporting person's pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
- [F3]These securities are held directly by Forge, a wholly-owed subsidiary of Forge Energy Holdings, LLC ("Forge Holdings"). EnCap Energy Capital Fund VIII, L.P. ("EnCap Fund VIII") is a member of Forge Holdings that holds the right to appoint four of the seven representatives to the board of managers of Forge Holdings. Each of the managers of Forge Holdings has one vote and decisions are made by a majority vote. As a result, EnCap Fund VIII may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Forge. EnCap Partners GP, LLC ("EnCap Partners GP") is the sole general partner of EnCap Partners, LP ("EnCap Partners"), which is the managing member of EnCap Investments Holdings, LLC ("EnCap Holdings"), which is the sole member of EnCap Investments Holdings Blocker, LLC ("EnCap Holdings Blocker").
- [F4](Continued from Footnote 3) EnCap Holdings Blocker is the sole member of EnCap Investments GP, L.L.C. ("EnCap Investments GP"), which is the sole general partner of EnCap Investments L.P. ("EnCap Investments LP"). EnCap Investments LP is the general partner of EnCap Equity Fund VIII GP, L.P. ("EnCap Fund VIII GP"), the sole general partner of EnCap Fund VIII. Therefore, EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Holdings Blocker, EnCap Investments GP, EnCap Investments LP and EnCap Fund VIII GP may be deemed to beneficially own these securities.
Issuer
Oasis Petroleum Inc.
CIK 0001486159
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001731303
Filing Metadata
- Form type
- 3
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:09 PM ET
- Size
- 11.3 KB