INVESTOR PRESENTATION April 2014 1 www.oasispetroleum.com
Top Pure Play in the Bakken(1) 506,960 net acres Estimated production range of 41-45 MBoepd in 1Q14 Proved reserves of 219 MMBoe with PV-10 of 5.2 billion 403 operated drill blocks / 17 years of inventory(2) Driving…
Large, Concentrated Acreage Blocks(1) Highlights West Williston East Nesson Concentrated position in Williston Basin: Montana North Dakota 507k net acres West Williston: 362K net acres (92) East Nesson: 145K net acres Operational…
Growing Inventory(1) Inventory Highlights Remaining Drilling Locations 3,590 gross operated locations across 506,960 net 4,000 acres 3,590 3,500 94% of net locations are operated 3,000 2,607 68% average working interest in…
2014 Plan 2014 Focus Items 2014 Guidance Metric 2014 Range Inventory acceleration with 16 rigs Production (MBoepd) Full field development with best practices Full Year 2014 46.0 - 50.0 1Q14 41.0 - 45.0 Optimizing downspacing Full…
Inventory Growth Downspacing and Lower TFS Activity in the Basin Improving Inventory Potential Downspacing & Lower TFS Activity(1) Opportunity to enhance position through tighter spacing and lower bench TFS wells Preliminary findings…
Production and Reserve Growth Continues Average Daily Production (MBoepd)(1) Estimated Net Proved Reserves (MMBoe)(2) 50 46 - 50 250 45 41-45 42.1 219.3 40 200 35 33.1 33.9 30.2 30.2 30 150 143.3 25 22.5 20 100 113.7…
Attractive Well Costs and Economics Lowering Well Costs Compelling Well Economics (MM) 10.5 Oasis Bakken EURs vary across our acreage 10 position from 450 MBoe to 750 MBoe 7.9 7.5 Well costs tend to correlate with EURs 8 7.5…
Oasis Well Services (OWS) Historical Highlights 2014 Plan Exceeding expectations performance and savings 2nd frac spread delivery expectations in 1H14; will ramp to Retain control and drives down well cost of the highest cost 100%…
Infrastructure Development(1) Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) Realized 5.8% differential in 2013 (11.8% in 4Q13) North Provides marketing flexibility to access to…
Balance Sheet Strong Balance Sheet and Liquidity Liquidity and Capitalization as of 12/31/13 (MM) Pro Forma liquidity of 1.6 BN As Adjusted for As Reported Sanish Divestiture Borrowing base of 1.75BN Cash and marketable securities…
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…
APPENDIX 14 www.oasispetroleum.com
Risk Management(1) Weighted Average Prices (/Bbl) Type Term Sub-Floor Floor Ceiling Swaps BOPD Total Barrels 2014 Full Year Swaps Jan - Dec 93.07 3,500 1,277,500 Swaps w/Sub-Floor Jan - Dec 70.00 92.60 6,000 2,190,000 Two-Way…
Type Curves in Williston Basin Middle Bakken Type Curve (Mboe) TFS Type Curve (Mboe) High Midpoint High Low Midpoint Low Years Years Middle Bakken Type Curve Metrics TFS Type Curve Low End Midpoint High End Low End…
Expanding Takeaway Capacity out of Bakken (1) Mbopd Production Take-away Capacity 3,000 2,500 2,000 1,500 January 2014 production: 1,006MBopd (2) 1,000 500 - 2007 2008 2009 2010 2011 2012 2013 2014 2015…
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 45.0 100% 4.6 40.0 90% 100 50x 80% 101.58 35.0 3.6 2.8 2.6 70% 80 40x 30.0…
Key Metrics by Project Area Total Key Statistics West Williston East Nesson 2014 CapEx Budget (MM) Williston (1) Net a crea ge (000s ) 362 145 507 Dri l l i ng a nd compl eti on 1,250 (1) Es ti ma ted net PDP - MMBoe 79.5 34.3…
Williston Inventory (1) Gross Net Bakken TFS Total Bakken TFS Total Operated PUD Wells West Williston 201 53 254 134 33 167 East Nesson 85 19 104 61 12 73 Total PUD Wells 286 72 358 195 45 240 Non-Proven Wells West Williston 829…
Bakken / TFS Drilling Program by Project Area(1) Bakken / Three Forks Producing Wells West Williston East Nesson Total Williston Basin Gross Net Gross Net Gross Net Production started in 2013 Gross Operated (Net) 75 60.7 61 45.4 136…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 12/31/13) 100.7 MM Share Price (close on 3/31/14) 41.73 per share Approximate Equity Market Capitalization…
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