2015 Accomplishments & Highlights Full year production increased by 11% to 50.5 MBoepd Exceeded original range of 45-49 Mboepd Production 4Q15 production increased to 50.7 Mboepd Beat 47- 49 Mboepd range Improved LOE by 23%…
Top Pure Play in the Williston Basin1 Top tier asset position Premier Position in Williston Basin2 Concentrated position - 485k net acres West Williston (345k acres) East Nesson (140k) 91% held by production Montana North Dakota…
Financial Strength & Balance Sheet Protection Free cash flow positive in 2015 & 2016 No Near-Term Debt Maturities (MM) Adjusted EBITDA less cash interest & Free Cash CapEx(1) 1,200 Flow Positive +68MM for FY 2015 1,000 +167MM from…
2016 Plan Drivers 2016 Capital Plan Free Cash Flow Positive Total CapEx of 400MM in 2016 Adjusted EBITDA less cash interest & CapEx(1) D&C: 200MM Positive in 2016 at 35 per barrel WTI OMS: 140MM Other :(2) 60MM Activity Focused…
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 Gross Op EUR Break-even 1 Area DSUs Locations (Mboe)2 (WTI) Core 72 607 1,050…
Expanding High Intensity Program Increasing Mix of High Intensity Wells Well Design in the Core High Intensity 100% 99% 79% 50% 30% Base High Volume 80% Design Slickwater Job Proppant 60% Stages 36 50 36 60% / 40% 40%…
High Intensity Application Across Basin High Intensity Completions Type Curve Outperformance1 Montana North Dakota 70% 64% 60% 50% 40% 35% 30% 30% 27% 20% 10% 0% Indian Hills Alger Montana Bakken Red Bank…
Core High Intensity Type Curve and Performance Update Core High Intensity Type Curve Core Bakken & TFS High Intensity Well Performance 400 1,000 350 300 1,050 MBoe 250 Mboe Boepd 200 875 Bakken: 1,050 Mboe 100 150…
Oasis Midstream Services (OMS) OMS Asset Highlights Wild Basin Project Saltwater gathering lines (over 300 miles) Planned Assets in Wild Basin Increased volume flowing through gathering lines from Natural gas gathering & processing…
Oil and Gas Infrastructure Development1 Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering (3rd party system) Realized 4.29/bbl differential in 4Q15 Signing longer term contracts…
Investment Highlights Improving capital efficiency & operational performance Lowering well costs while increasing EURs Prudently managing balance sheet while being one of the first E&P companies to become free cash flow positive…
Expanding Takeaway Capacity out of Williston Basin Takeaway Options Takeaway Capacity (Mbopd)1 ANS 3,500 3,000 Clearbrook 2,500 2,000 Brent Guernsey 1,500 ANS 1,000 500 WTI - 2010 2011 2012 2013 2014 2015 2016 2017…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 2/24/16) 180.6 MM Share Price (close on 2/24/16) 4.53 per share Approximate Equity Market Capitalization…