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Oasis Makes Addition to Board of Directors

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Oasis Petroleum Inc. reported the election of Mr. John E. Hagale to Oasis' Board of Directors. Mr. Hagale's election brings the number of directors to eight. Upon joining the Board of Directors on July 27, 2016, Mr. Hagale was appointed as a member of Oasis' Audit Committee and Nominating and Governance Committee.

John E. Hagale has served as our Director since July 2016 and serves on our Audit and Nominating & Governance Committees. Mr. Hagale served as Executive Vice President and Chief Financial Officer of Rosetta Resources Inc. from November 2011 until the completion of the merger of Rosetta with Noble Energy, Inc. in July 2015. Prior to joining Rosetta, Mr. Hagale was Executive Vice President, Chief Financial Officer and Chief Administrative Officer of The Methodist Hospital System from June 2003 through October 2011. He was also employed with Burlington Resources Inc. and its predecessor Burlington Northern Inc. for 15 years where he held a series of executive financial positions with increasing responsibilities, including Executive Vice President and Chief Financial Officer of Burlington. Mr. Hagale began his career with Deloitte Haskins and Sells. Mr. Hagale holds a Bachelor of Business Administration degree in Accounting from the University of Notre Dame. He has more than 30 years of financial and accounting experience and is a certified public accountant. Mr. Hagale currently serves on the Board of Directors of Cobalt International Energy, Inc.

Mr. Thomas B. Nusz, Chairman and Chief Executive Officer, said: "John Hagale will be a valuable addition to the Oasis Board due to his extensive financial and corporate governance experience combined with his deep oil and gas expertise. We are looking forward to benefiting from his leadership and insight as we navigate the current macro environment."