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ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Jun 13, 2012 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 1
    OASIS PETROLEUM INVESTOR PRESENTATION June 2012 1 www.oasispetroleum.com
  2. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 2
    Management Years Experience Tommy Nusz President, Chief Executive Former President International Division, VP Acquisitions and Divestitures, VP Officer and Chairman Strategic Planning and Engineering of Burlington Resources 30…
  3. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 3
    Oasis Highlights 88% oil weighted Oil Focused, Pure Play Williston Basin Operator Leading leverage to the Bakken Over 307,000 net acres in the Bakken / Three Forks (TFS) trend Significant Acreage and Drilling Inventory (1)…
  4. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 4
    Large, Concentrated Acreage Blocks MONTANA NORTH DAKOTA BURKE DIVIDE WILLIAMS SHERIDAN ROOSEVELT MCKENZIE MOUNTRAIL RICHLAND Key Metrics West Williston East Nesson Sanish Total Williston Proved Reserves (1) 51.6…
  5. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 5
    MultiYear Remaining Potential Drilling Inventory (1) Gross Operated Drilling Locations Gross Op and NonOp Drilling Locations 2,000 3,500 1,831 3,182 1,800 243 3,000 464 1,600 243 2,500 464 1,400 957 1,681 1,200 2,000 1,000 595…
  6. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 6
    Inventory Management Increasing Drilling & Completion Efficiencies Drilling Days Improving Drilling days continue to improve 35 Pad Drilling 29 30 27 35% of wells in 2012 scheduled for pad drilling 25 23 Moving to full pad…
  7. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 7
    Increasing Activity Drives Growing Production Profile Operated Completion and Rig Activity Average Daily Production 30 (MBoe/d) 2224 25 25 Gross 26 18 22 June 68 20 22 20 1819.5 19.9 17.6 15 17.4 17 May 15.2 16 8 15…
  8. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 8
    West Williston Overview MONTANA NORTH DAKOTA Key Statistics SHERIDAN WILLIAMS Net Acreage (1) 201,265 Red Bank ROOSEVELT Operated Rigs (2) 8 Target Key Highlights Approximately 70% of the acreage is delineated Target wells in MT…
  9. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 9
    East Nesson and Sanish Overview Key Statistics East Nesson Sanish NORTH DAKOTA (1) Net Acreage 97,756 8,409 St. Croix Operated Rigs (2) 2 Non Op 1 BURKE Key Highlights Approximately 86% of acreage in East Nesson is delineated…
  10. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 10
    Three Forks (TFS) Overview (1) TFS in Primary Inventory West Williston East Nesson South Cottonwood SHERIDAN WILLIAMS DIVIDE Spratley produced over 1,300 boepd in first 60 days ROOSEVELT BURKE TFS wells look similar (if not better)…
  11. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 11
    2012 Infill Program Infill Program Full Infill Pilots in 2012 Foundation for development plan RED BANK Over 35 new gross operated wells included in tests for well patterns and density in 2012 Microseismic analysis on pilot…
  12. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 12
    Oasis Well Services (OWS) Timing First frac job in late March 2012 Annualized Economics for One Frac Spread 6 frac jobs completed as of end of May 2012 Save 0.8MM to 1MM/well on 20 net wells/year Moving to full time operations by end…
  13. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 13
    Salt Water Disposal (SWD) Update West Williston East Nesson Salt Water Disposal (SWD) SHERIDAN WILLIAMS BURKE Focus Area Red Bank, Indian Hills, Hebron, North Cottonwood, and South Cottonwood ROOSEVELT Red Bank Target Capital…
  14. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 14
    Gas Marketing & Infrastructure Gas Infrastructure Highlights Gas Marketing Highlights 97 of the 117(1), or 83%, were connected to natural High BTU gas with high liquids content results in gas infrastructure on 3/31/12 premium price…
  15. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 15
    Oasis Petroleum Marketing (OPM) Banner Oil Gathering System in West Williston Oil Infrastructure & Marketing MONTANA NORTH DAKOTA Market with 20 different counterparties Multiple delivery points to nominate oil: Rail Pipeline…
  16. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 16
    Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production TakeAway Capacity 2,000 1,800 1,600 1,400 1,200 1,000 800 Dec 2011 production: 600M 600 March 2012 production: 633M 400 200 Montana…
  17. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 17
    Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu) Oasis Oil and Gas Production (per Mboe) Price Ratio Mboepd % Oil 120 60x 25.0 100% 95% 95% 96% 90% 94% 92% 100 50x 20.0 80% 87.82 1.4 70% 80 40x 0.8 36x…
  18. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 18
    Improving Operating Cost Structure Drives High Cash Margins Operating Cash Costs ( per Boe) * Realized Price and Operating Cash Margins per Boe 20.00 100.00 93.57 16.00 80.00 86.35 82.20 83.34 9.21 6.86 12.00 6.82 60.00…
  19. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 19
    2012 Capital Budget (884MM) 2012 E&P Capital Budget (846MM) 2012 Development Capital (758MM) Drilling and completing, completion Lease Acquisition 25 optimization, and carryin/carryout Geology 6 Drilling 108 gross operated wells…
  20. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 20
    Strong Liquidity and Management Alignment Strong Balance Sheet & Liquidity Liquidity Position (1) Capital from Senior Notes prefunded 2012 Cash & shortterm investments 322MM Growing production and cash flow from Revolver…
  21. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 21
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with identified drilling inventory Substantial upside potential with known catalysts Increasing operational…
  22. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 22
    APPENDIX 24 www.oasispetroleum.com
  23. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 23
    Williston Basin Production History (MBoepd) West Williston East Nesson 14 14 12.1 12 12 10.1 10 10 8 7.6 8 6 11.4 6 4.3 4.4 9.4 4 3.4 6.9 3.5 3.5 4 2.3 2.3 1.7 2.2 2.0 2.2 1.5 3.6 3.7 1.5 2 1.1 1.7 2.7 2 1.0 0.3 0.7 0…
  24. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 24
    Key Metrics by Project Area Delineated Blocks Extensional Areas West Williston East Nesson West Williston East Nesson North South Mondak/ Red Bank Indian Hills Hebron Target Missouri St. Croix Cottonwood Cottonwood Other Net…
  25. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 25
    Williston Inventory (1) PUD NonProved Total Primary Inventory Identified Primary Locations Gross Net Gross Net Gross Net WI % Operated Williston West 78 56.5 442 305.6 520 362.2 69.6% East Nesson 42 27.2 188 125.1 230 152.2 66.2%…
  26. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 26
    Bakken / TFS Drilling Program by Project Area Project Areas West Williston East Nesson Sanish Total Bakken / TFS Wells Gross Net Gross Net Gross Net Gross Net (1) Producing Wells Producing on or before 12/31/10: Operated 20 17…
  27. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 27
    Financial and Operational Results / 2012 Guidance Actual Guidance (1) Select Operating Metrics 1Q 10 2Q 10 3Q 10 4Q 10 FY 10 1Q 11 2Q 11 3Q 11 4Q 11 FY11 1Q 12 2Q 12 FY12 Production (Boepd) 3,295 4,461 5,507 7,511 5,206 8,090 7,893…
  28. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 28
    Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term SubFloor Floor Ceiling BOPD Total Barrels 2012 Partial Year ThreeWay Collar 2 Months (MayJun) 71.67 91.67 104.57 3,000 183,000 TwoWay Collar 6 Months (JulDec)…
  29. ENERCOM'S LONDON OIL & GAS CONFERENCE 2012 – Oasis Petroleum Inc. – slide 29
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding 93.1 MM Share Price (close on 5/30/12) 27.74 per share Approx. Market Capitalization 2.6 BN External Support…

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