Operator
Good day, and welcome to the Oasis Midstream Partners first-quarter earnings results conference call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Richard Robuck, chief financial officer. Please go ahead.
Richard Robuck
Chief Financial Officer
Thanks, Sarah. Good morning, everyone. Today, we re reporting our first quarter of 2021 financial and operational results. We are delighted to have you on our call today.
I m joined by Taylor Reid and Michael Lou, as well as other members of the team. Please be advised that our remarks on both Oasis Petroleum and Oasis Midstream Partners, including the answers to your questions, include statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those currentl
Oasis Midstream Partners LP Announces First Quarter 2021 Results, Increases Distribution and Updates 2021 Outlook
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HOUSTON, May 3, 2021 /PRNewswire/ Oasis Midstream Partners LP (NASDAQ: OMP) ( OMP or the Partnership ) today announced financial and operating results for the first quarter of 2021, declared its first quarter 2021 distribution and updated its 2021 outlook.
1Q21 Operational and Financial Highlights:
Acquired remaining interests in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum and eliminated IDRs (the Simplification );
Completed private placement of $450.0MM in aggregate principal amount of 8.00% senior unsecured notes due 2029;
Recently signed multiple incremental third-party contracts and continue to work a robust pipeline of new opportunities in the Williston and Permian Basins;
Operator
Good morning. My name is Jason, and I ll be your conference operator today. At this time, I d like to welcome everyone to the fourth-quarter 2020 earnings release and operations update for Oasis Midstream Partners. [Operator instructions] Please note this event is being recorded.
I d now like to turn the conference over to Richard Robuck, Oasis Midstream s CFO, to begin the conference. Thank you. You may begin your conference.
Richard Robuck
Great. Thanks a lot, Jason. Good morning, everyone. This is Richard Robuck.
As noted today, we are reporting our year-end and fourth-quarter 2020 financial and operational results. We are delighted to have you on our call today joined by Taylor Reid and Michael Lou, as well as some other members of the team. Please be advised that our remarks on both Oasis Petroleum and Oasis Midstream Partners, including the answers to your questions, include statements that we believe to be forward-looking statements within the meaning of the P