Item 1.01 Entry into a Material Definitive Agreement
As previously disclosed, the Company is party to that certain Credit Agreement
dated as of November 19, 2020, by and among the Company, Oasis Petroleum LLC, a
Delaware limited liability company, Oasis Petroleum North America LLC, a
Delaware limited liability company, Wells Fargo Bank, N.A., as administrative
agent, and the other parties party thereto (the "Credit Agreement"). On December
22, 2021, the Company entered into the Sixth Amendment to Credit Agreement with
the other parties thereto (the "Sixth Amendment") to, among other things, (i)
permit the transactions contemplated under that certain Agreement and Plan of
Merger dated as of October 25, 2021 (the "Merger Agreement"), by and among the
Company, Oasis Midstream Partners LP, a Delaware limited partnership ("OMP"),
OMP GP LLC, a Delaware limited liability company and the general partner of OMP
(the "General Partner"), Crestwood Equity Partners LP, a Delaware limited
partnership ("Crestwood"), Project Falcon Merger Sub LLC, a Delaware limited
liability company and direct wholly owned subsidiary of Crestwood ("Merger
Sub"), Project Phantom Merger Sub LLC, a Delaware limited liability company and
direct wholly owned subsidiary of Crestwood ("GP Merger Sub"), and, solely for
the purposes of Section 2.1(a)(i) of the Merger Agreement, Crestwood Equity GP
LLC, a Delaware limited liability company and the general partner of Crestwood
("Crestwood GP"), (ii) confirm no adjustment to the Company's $900.0 million
borrowing base or the aggregate elected commitment amounts of $450.0 million,
(iii) remove the cap on cash netting in calculation of the leverage ratio under
the Credit Agreement (the "Cash Netting Cap") if no loans are outstanding under
the Credit Agreement (other than letters of credit) and otherwise increase the
Cash Netting Cap to $90.0 million, (iv) increase the anti-cash hoarding
threshold under the Credit Agreement from $50.0 million to $90.0 million and (v)
remove the minimum hedging requirements in Section 8.23 of the Credit Agreement.

The foregoing description of the Sixth Amendment is a summary only and is qualified in its entirety by reference to the complete text of the Sixth Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.



Exhibit No.            Description of Exhibit

      10.1             Sixth Amendment to Credit Agreement 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.

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      104              not appear in the Interactive Data File because its

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                       within the Inline XBRL document.

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