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ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Aug 12, 2013 · 25 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 OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 1
    Aggressively Drilling the Williston Basin INVESTOR PRESENTATION August 2013 1 www.oasispetroleum.com
  2. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 2
    Oil Focused Bakken Operator 89% oil weighted(1) 335,383 net acres in the Bakken / Three Forks (TFS) trend(1) 280 operated spacing units with 14 year potential inventory(1,2) Rapidly growing production and reserves while improving…
  3. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 3
    Large, Concentrated Acreage Blocks(1) Of our 335,383 net acres, approximately 305,000 are core Bakken acres in the heart of the play MONTANA NORTH DAKOTA St. Croix BURKE 87% of core Bakken acres are held by production (13) Three…
  4. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 4
    Significant Drilling Inventory and Upside Potential (1) Drilling Locations Inventory Highlights 2,020 gross operated locations in core areas 2,500 91% of net locations operated 2,020 2,000 69% average working interest in operated…
  5. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 5
    Outstanding Production and Reserve Growth Production (MBoepd) Yearend Estimated Net Reserves (MMBoe) 31.5 31.5 35 34.5 33.5 160 30.2 30.2 143.3 30 27.6 140 24.3 120 25 20.4 20 100 17.6 15.2 78.7 80 15 11.6 60 70.0…
  6. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 6
    2013 Capital Plan Improving Capital Efficiency 2013 Plan Highlights (MM) Capital Efficiency (MM) CapEx Budget 2013 Drilling and completion 897 12 Oasis Midstream Services (OMS) 43 10.5 Leasehold 25 10 8.8 8.4 Facilities and…
  7. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 7
    Bakken Overview Key Highlights West Williston East Nesson WILLIAMS Approximately 90% of the acreage is core in the Middle SHERIDAN St. Croix Bakken ROOSEVELT Red Bank Shifting to full pad development in much of Indian Hills Target…
  8. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 8
    Three Forks (TFS) Overview TFS highlights South Cottonwood, Indian Hills, East Red Bank and a West Williston East Nesson portion of North Cottonwood performance is SHERIDAN WILLIAMS DIVIDE St. Croix BURKE comparable to nearby…
  9. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 9
    Transitioning into Full Pad Development during 2013 Pad Operations 2013 Plan Overview Reduce costs by 5 to 10% compared to single well 22 separate DSUs across acreage position will be tested for Improve efficiencies infill density…
  10. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 10
    Oasis Well Services (OWS) Lowering Well Costs Highlights OWS Hydraulic Pumping Unit Exceeded original expectations performance and savings First frac job in late March 2012 Expect to save 500k/ gross well on 40 to 50% of operated…
  11. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 11
    Infrastructure Development Substantially Complete MONTANA NORTH DAKOTA BURKE DIVIDE North Cottonwood WILLIAMS SHERIDAN South Cottonwood Target ROOSEVELT Red Bank Sanish Hebron Indian Hills MCKENZIE MOUNTRAIL…
  12. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 12
    Multiple Transportation Options Drive Higher Realizations Williston Basin Oil Transportation(1)) Williston Basin Destination Options) 7% 23% 1% 69% Pipe Truck to Canada Rail Tesoro refinery (1) Estimated takeaway…
  13. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 13
    Financial Strength Strong Balance Sheet and Liquidity Liquidity and Capitalization (MM) As of 6/30/13 Liquidity of 1,410MM as of 6/30/13 Cash and marketable securities 162 Current borrowing base 1,250 Undrawn borrowing base of…
  14. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 14
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with increasing identified drilling inventory Substantial upside potential with known catalysts Improving capital and…
  15. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 15
    APPENDIX 16 www.oasispetroleum.com
  16. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 16
    Middle Bakken Type Curve Average Low End High End Gross Reserves (MBoe) 600 450 750 IP 7 day average (Boepd) 704 536 873 st 1 60 days average (Boepd) 545 415 675 nd 2 30 days average (Boepd) 471 359 584 Cumulative (Mboe) 30…
  17. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 17
    Oasis Petroleum Marketing (OPM) Hiland Oil Gathering System Oil Infrastructure & Marketing Market with 25 different counterparties North Cottonwood Multiple delivery points to nominate oil to MONTANA NORTH DAKOTA rail or…
  18. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 18
    Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production TakeAway Capacity 2,400 2,100 1,800 1,500 1,200 900 April 2013 production: 874M(2) 600 300 Montana Production North Dakota Production 1H 2H 1H…
  19. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 19
    Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term SubFloor Floor Ceiling Swaps BOPD Total Barrels 2013 Swaps Aug Dec 95.40 8,000 1,224,000 TwoWay Collar Aug Dec 86.82 97.75 5,500 841,500 ThreeWay Collar Aug…
  20. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 20
    Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu) (1) Oasis Oil and Gas Production (per Mboe) Price Ratio Mboepd % Oil 120 60x 35.0 100% 92% 91% 95% 96% 93% 90% 30.0 94% 92% 91% 91% 2.6 2.8 100 50x 80%…
  21. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 21
    Key Metrics by Project Area(1) Metric West Williston East Nesson Sanish Total Williston Net Acrea ge 208,062 118,943 8,378 335,383 Es tima ted net PDP MMBoe 44.7 19.2 6.1 70.0 Es tima ted net PUD MMBoe 49.9 22.2 1.2 73.3 Estimated…
  22. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 22
    Williston Inventory (1) PUD NonProven Total Inventory Gross Net Gross Net Gross Net Bakken TFS Total Bakken TFS Total Bakken TFS Total Bakken TFS Total Bakken TFS Total Bakken TFS Total Operated West Williston 144 21 165 104.2…
  23. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 23
    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 Total Producing wells on 12/31/10: Opera ted 20 17.0 31 25.8 51 42.8…
  24. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 24
    Financial and Operational Results / Guidance (1) Actual Guidance Select Operating Metrics FY 10 FY11 1Q 12 2Q 12 3Q 12 4Q 12 FY12 1Q 13 2Q 13 3Q 13 FY13 Production (MBoepd) 5.2 10.7 17.6 20.4 24.3 27.6 22.5 30.2 30.2 31.5 34.5 31.5…
  25. ENERCOM OIL AND GAS CONFERENCE – Oasis Petroleum Inc. – slide 25
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 8/5/13) 93.5 MM Share Price (close on 8/5/13) 43.26 per share Approximate Equity Market Capitalization 4.0BN…

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