Oasis Petroleum is selling its Permian position for less than half the price it paid to enter the play.

In 2017, Oasis announced it was acquiring 20,300 net acres in the Delaware Basin for $946 million, an average $46,000 per acre in cost. At the time, analysts said that was the highest price paid for a position in the Permian. Now, however, the company will sell the assets for a little more than half that price, at a potential consideration of $481 million.