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November 2015 Investor Presentation – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Nov 30, 2015 · 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. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 1
    NOVEMBER 2015 Investor Presentation
  2. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 2
    Top Pure Play in the Williston Basin1 3Q 2015 highlights: Premier Position in Williston Basin2 Production 50.5 Mboepd Exceeded guidance of 48-50 West Williston (358k acres) East Nesson (148k) LOE of 7.67 per BOE Below full year…
  3. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 3
    Increasing Production with Less Capital Annual Average Daily Production (Mboepd) Annual CapEx (MM) 60 10% Growth 1,800 49.750.1 1,573 50 45.7 1,500 40 33.9 1,200 57% Reduction 30 900 22.5 1,573 670 20 600 150 10.7 520 10…
  4. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 4
    Cost Structure Improving Cash Flow Core Slickwater Well Costs (MM) Operating Costs (/Boe) 12 35 33.61 30% Reduction 9.34 35% Reduction 30 10 10.6 26.64 24.69 9.5 25 7.85 8 21.78 4.82 5.90 7.4 20 4.82 6 7.66 4.91 4.34 15…
  5. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 5
    2015 Performance Provides Foundation for 2016 Plan Drivers Strong Hedge Position Protects Against Downside Free Cash Flow Positive Bopd WTI FCF + in 2Q and 3Q15 35,000 73.32 80.00 Projected FCF+ for 4Q15 & in 2016 30,000 70.00…
  6. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 6
    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 Spacing DSU DSUs Locations1 (Mboe)2 Core 15 72 825…
  7. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 7
    Expanding High Intensity Program Increasing Mix of High Intensity Wells Well Design in the Core 100% High Intensity 99% 79% 50% 30% 20% 80% Base High Volume Design Slickwater Job Proppant 60% Stages 36 50 36 60% / 40%…
  8. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 8
    High Intensity Application Across Basin High Intensity Completions Type Curve Outperformance1 Montana North Dakota 70% 63% 60% 50% 38% 40% 32% 30% 19% 20% 10% 0% Indian Hills Alger Montana Red Bank (35 wells) (10…
  9. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 9
    High Intensity Completions Yield Impressive Production Uplift Indian Hills Performance (Middle Bakken = MB) Alger Performance (Middle Bakken = MB) Boe Boe 350,000 350,000 300,000 300,000 250,000 250,000 200,000 975 Mboe 200,000…
  10. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 10
    Improving Core Economics with Higher Recoveries and Lower Costs1 Average Bakken Returns in the Core Average TFS1 Returns in the Core 90% 90% Lower well cost Economic TFS1 even 80% driving higher IRRs 80% at 50 WTI 70% 70% 60% 60%…
  11. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 11
    Outside the Core: Ready for Rebound North Cottonwood West Williston Activity Boe Boe 140,000 140,000 750 Mboe 120,000 120,000 100,000 100,000 450 Mboe 80,000 80,000 525 Mboe 60,000 60,000 40,000 40,000 20,000 20,000 -…
  12. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 12
    Oasis Midstream Services (OMS) OMS Asset Highlights Saltwater Gathering & Disposal Infrastructure Saltwater gathering lines (over 300 miles) Montana North Dakota Increased volume flowing through gathering lines from 40% at YE14 to…
  13. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 13
    Oil and Gas Infrastructure Development1 Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 4.82/bbl differential in 3Q15 4Q15 differential guidance…
  14. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 14
    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…
  15. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 15
    Appendix 16
  16. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 16
    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…
  17. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 17
    Balance Sheet Strong Balance Sheet (9/30/15) and Liquidity No Near-Term Debt Maturities (MM) 1,600 Liquidity of 1.35 BN 1,400 Current borrowing base of 1.525BN (after fall 1,200 redetermination) 1,000 Debt Ratings improving…
  18. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 18
    Risk Management1 Hedge Position (Oil Only) Contract Period Settlements at Various Prices (MM)2 Current Position 160 Weighted Avg Price 144 140 Type Floor Ceiling Bopd September - December 2015 120 Two way collars 86.00 103.42…
  19. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 19
    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…
  20. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 20
    Core Area Type Curves1 Core Area Type Curves (MBoe) 1,000 100 975 Mboe 875 Mboe 750 Mboe 600 Mboe 10 1 2 3 4 5 6 7 8 9 10 11 12 Years Illustrative High Illustrative High Low End - Base High End - Base Intensity…
  21. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 21
    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…
  22. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 22
    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% 100 50x 5.3 5.8 6.2 6.2 50 4.9 80% 4.5 4.8 4.6 70% 80 40x 40…
  23. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 23
    Key Metrics Key metrics West Williston East Nesson Total Williston Net acreage (000s)1 358 148 506 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 1 197.8…
  24. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 24
    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 3Q 15 4Q 15 FY15 Production (MBoepd) 5.2 10.7 22.5 33.9 42.9 43.7 45.9 50.1 45.7…
  25. November 2015 Investor Presentation – Oasis Petroleum Inc. – slide 25
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 11/3/15) 139.2 MM Share Price (close on 11/3/15) 12.15 per share Approximate Equity Market Capitalization 1.7…

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