Top Pure Play in the Williston Basin1 Top tier asset position Premier Position in Williston Basin2 506k net acres West Williston (358k acres) East Nesson (148k) 86% held by production Montana North Dakota 97% operated 405…
Increasing Production with Less Capital Solid Quarterly Production (Mboepd) Growth Annual Average Daily Production (Mboepd) 15% Growth 7 - 9% Growth Exceeded 2Q15 range of 47- 49Mboepd with Increase FY15 range from 46 -…
Cost Structure Improving Cash Flow Well Costs (MM) Cash Operating Costs (/Boe) 26% Reduction 25% Reduction (1) 50% efficiency / 50% service cost LOE reduced by 19% Improving drilling days (spud to rig release) New…
2015 Performance Provides Foundation for 2016 Plan Drivers Strong Hedge Position Protects Against Downside Free Cash Flow Positive Bopd WTI FCF + in 2Q15 by 36MM Projected FCF+ for 2H15 & in 2016 Adjusted EBITDA less CapEx & Cash…
Robust Inventory in the Heart of the Williston Basin Inventory in the Heart of the Play Depth of Inventory Across Play MONTANA NORTH DAKOTA Remaining Wells per Gross Op Base EUR 1 2 Spacing DSU DSUs Locations (Mboe) Core 15 72…
2015 High Intensity Program Focused in the Core Increasing Mix of High Intensity Wells Design of High Intensity Completions in Core 100% High Volume 1% Design Slickwater 20% Proppant 80% 60% Stages 36 50 65% 60% Proppant type…
High Intensity Application Across Basin High Intensity Completions Type Curve Outperformance1 60% 54% 50% 40% 36% 35% 34% 30% 20% 20% 10% 0% Indian Hills - Indian Hills - Alger - Montana - Red Bank - Bakken TFS1…
High Intensity Completions Yield Impressive Production Uplift Indian Hills Performance (Bakken) Alger Performance (Bakken) Boe Boe 350,000 350,000 300,000 300,000 250,000 250,000 200,000 200,000 975 Mboe 875 Mboe 150,000 750…
Improving Core Economics with Higher Recoveries and Lower Costs1 Average Bakken Returns in the Core Average TFS1 Returns in the Core Lower well cost Economic TFS1 even driving higher IRRs at 50 WTI High Intensity Base…
Testing 100% Sand in Slickwater Completions Increasing High Intensity Returns with Lower Costs Montana Well Performance: Sand vs Ceramic Mboe 100% sand slickwater completions continue to perform outside the core - similar to…
Oasis Midstream Services (OMS) OMS Asset Highlights Saltwater Gathering & Disposal Infrastructure Saltwater gathering lines (over 300 miles) Increased volume flowing through gathering lines from MONTANA NORTH DAKOTA 40% at YE14 to…
Oil and Gas Infrastructure Development1 Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 5.90/bbl differential in 2Q15 Provides marketing…
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…
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…
Appendix 17
Balance Sheet Strong Balance Sheet (6/30/15) and Liquidity Capitalization as of 6/30/15 (MM)1 As Reported Liquidity of 1.4 BN Cash and marketable securities 14 Current borrowing base of 1.7BN Current elected commitments 1,525…
Risk Management1 Hedge Position (Oil Only) Contract Period Expected Settlements at Various Prices (MM) Weighted Average Price 120 Type Floor Ceiling Bopd 100 109 2H15 104 Swaps 73.35 73.35 23,000 80 Two Way 86.00 103.42 5,000…
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…
Core Area Type Curves1 Core Area Type Curves (MBoe) 850 Mboe 750 Mboe 600 Mboe Years Illustrative High Low End - Base High End - Base Intensity Gross Reserves (MBoe) 600 750 850 IP 7 day midpoint (Boepd) 907 1,125…
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…
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% 90% 5.3 5.8 6.2 100 50x 50 4.9 80% 4.5 4.8 4.6 70% 80 40x 40 3.6…
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 Estimated net proved reserves - MMBoe 1…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 8/4/15) 139.2 MM Share Price (close on 8/4/15) 8.58 per share Approximate Equity Market Capitalization 1.2…
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