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UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc.

Oasis Petroleum Inc. · May 18, 2015 · 26 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. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 1
    May 2015 Investor Presentation
  2. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 2
    Top Pure Play in the Williston Basin1 Top tier asset position 506k net acres 405 operated DSUs 3,046 gross operated locations 825 locations in the core Highly economic inventory outside core 1Q15 production of 50.4 Mboepd / 89%…
  3. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 3
    Premier Asset Position1 Highlights Premier Position in Williston Basin2 Concentrated position West Williston (358k acres) East Nesson (148k) 506k net acres in the heart of the Williston Basin Montana North Dakota Operational control…
  4. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 4
    2015 Strategic Agenda 2015 Focus Items No Near-Term Debt Maturities (MM) Manage balance sheet and preserve liquidity 1,600 1,400 Strong reserves at YE14 support borrowing base of 1,200 1.7BN 1,000 165MM drawn on 1.525BN1…
  5. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 5
    2015 Plan 2015 Plan Annual Average Daily Production (Mboepd) 60 Targeting total CapEx of 705MM in 2015 1 - 7% Growth 49 Drilling & Completions capital: 565MM 50 45.7 46 Expect modest outspend in 2015 40 Expect to complete 79…
  6. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 6
    Continued Growth in Production and Reserves Solid Production (Mboepd) Growth1 Continuous Reserve (MMBoe) Growth2 60 300 22% Growth 62% CAGR 50.1 50.4 50 250 272.1 45.9 43.7 41.2 40 200 219.3 30 150 143.3 146.3 20 100…
  7. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 7
    Robust Inventory in the Heart of the Williston Basin Inventory in the Heart of the Play Description of Inventory MONTANA NORTH DAKOTA Significant completion design and reservoir testing in 2014 Downspacing tests and reservoir…
  8. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 8
    Focus on Deepest Part of Basin Current Rig Activity in the Core Depth of Inventory in Core 72 operated DSUs across: MONTANA NORTH DAKOTA Indian Hills 31 DSUs Wild Basin 23 DSUs Alger 18 DSUs 825 remaining locations 701 wells…
  9. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 9
    Improving Well Costs in the Core High Intensity Completions Costs (MM) Design of High Intensity Completions 14 15% Reduction High Volume Design Slickwater 12 Proppant 10.6 10 9.5 Stages 36 50 9.0 90% sand / 10% resin 8…
  10. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 10
    High Intensity Application Across Basin High Intensity Completions Type Curve Outperformance1 Seeing 20% to 45% uplift in early production, which leads 50% 45% to higher near-term cash flow 45% 40% 40% EUR uplift of 10% to 30%…
  11. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 11
    High Intensity Completions Yield Impressive Production Uplift Indian Hills Performance (Bakken) Alger Performance (Bakken) Boe Boe 300,000 300,000 250,000 250,000 200,000 200,000 150,000 975 Mboe 150,000 875 Mboe 750 Mboe…
  12. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 12
    Expanding Core Economics1 Indian Hills Performance (Bakken) Alger Performance (Bakken) 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% 60 70 80 60 70 80 Base - 750Mboe High Intensity - 975Mboe Base -…
  13. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 13
    Oasis Midstream Services (OMS) OMS Asset Highlights Saltwater Disposal Infrastructure Saltwater gathering lines (over 300 miles) Increased volume flowing through gathering lines from MONTANA NORTH DAKOTA 40% to 48% in 1Q15 North…
  14. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 14
    Oil and Gas Infrastructure Development1 Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 7.85/bbl differential in 1Q15 Provides marketing…
  15. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 15
    Expanding Takeaway Capacity out of Williston Basin Takeaway Options Takeaway Capacity (Mbopd)1 3,500 ANS 3,000 Clearbrook 2,500 2,000 Brent Guernsey 1,500 ANS 1,000 500 WTI - 2010 2011 2012 2013 2014 2015 2016 2017…
  16. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 16
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with highly economic inventory Capital discipline strengthens balance sheet & provides operational flexibility Proven…
  17. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 17
    Appendix 18
  18. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 18
    Balance Sheet Strong Balance Sheet (3/31/15) and Liquidity Capitalization as of 3/31/15 (MM)1 Liquidity of 1.4 BN As Reported Cash and marketable securities 10 Current borrowing base of 1.7BN Current elected commitments 1,525…
  19. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 19
    Risk Management1 Hedge Position (Oil Only) Contract Period Value of Hedge 2015 Position Various Prices (MM)2 Weighted Average Prices Type Floor Ceiling Bopd 1H15 Swaps 90.67 90.67 19,000 Two Way 87.14 102.19 7,000 Deferred Puts…
  20. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 20
    Type Curves in Williston Basin1 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…
  21. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 21
    Core Area Type Curves1 Core Area Type Curves (MBoe) 850 Mboe 750 Mboe 600 Mboe Years Illustrative High Low End Hybrid High End Hybrid Intensity Gross Reserves (MBoe) 600 750 850 IP 7 day midpoint (Boepd) 907 1,125…
  22. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 22
    Williston Basin Remaining Inventory1,2 Locations & DSU Counts Wells per DSU across Position MONTANA NORTH DAKOTA Wells per Gross Area DSU DSUs Locations % of Total Core 15 72 825 27% Extended Core 10 117 917 30% Fairway 7 216…
  23. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 23
    Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu)1 Oasis Oil and Gas Production (per MBoepd) Price Ratio MBoepd % Oil 120 60x 60 100% 100 50x 90% 5.3 5.8 50 4.9 80% 4.5 4.8 80 40x 4.6 70% 40 60.38…
  24. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 24
    Key Metrics Key metrics West Williston East Nesson Total Williston 1 Net acreage (000s) 358 148 506 Estimated net PDP - MMBoe1 101.9 44.4 146.3 Estimated net PUD - MMBoe1 95.9 29.8 125.7 1 Estimated net proved reserves - MMBoe…
  25. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 25
    Financial and Operational Results / Guidance Actual Guidance (1) Select Operating Metrics FY 10 FY11 FY12 FY13 1Q 14 2Q 14 3Q 14 4Q 14 FY14 1Q 15 2Q 15 FY15 Production (MBoepd) 5.2 10.7 22.5 33.9 42.9 43.7 45.9 50.1 45.7 50.4 47.0 -…
  26. UBS 2015 Global Oil & Gas Conference – Oasis Petroleum Inc. – slide 26
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 5/5/15) 139.2 MM Share Price (close on 5/5/15) 16.32 per share Approximate Equity Market Capitalization 2.3…

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