Oasis Petroleum, Inc. engages in the acquisition, development, and exploration of onshore, unconventional oil, and natural gas resources. It operates through the Exploration and Production (E&P), and Midstream segments. The E&P segment acquires and develops oil and gas properties. The Midstream segment performs natural gas gathering, compression, processing, and gas lift supply, crude oil gathering, terminating, and transportation, produced and flowback water gathering and disposal, and freshwater distribution. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.