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May 2016 Investor Presentation – Oasis Petroleum Inc.

Oasis Petroleum Inc. · May 10, 2016 · 19 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. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 1
    May 2016 Investor Presentation
  2. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 2
    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 97% operated Montana…
  3. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 3
    Recent Accomplishments & Highlights Basically flat for 6 consecutive quarters above 50 Mboepd 1Q16 production 50.3 Mboepd Production 2016 range of 46- 49 Mboepd 1Q16 LOE of 6.78 per Boe Lowest level since 2012 and LOE per…
  4. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 4
    Financial Strength & Balance Sheet Protection Free cash flow positive(1) in 2015 & 2016E No Near-Term Debt Maturities (MM) 35 WTI Free Cash +68MM for FY 2015 1,400 Flow Positive +45MM in1Q16 - 4th consecutive 1,200 quarter 1,000…
  5. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 5
    Capital Discipline, Optimization and Efficiency Rigs Running in Williston Basin Average Daily Production (Mboepd) 16 60 Balanced through the cycle 14 Orderly power down of activity, with 50 49 minimal rig termination penalties 50.1…
  6. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 6
    Operational Excellence: Developing a Lower Cost Structure Operating Expenses Capital Expenses Improving Operating Cost Structure (/Boe) Slickwater Well Cost (MM) 20% Reduction 12 12 10.6 40% Reduction 10.18 50% Reduction 10 9.34…
  7. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 7
    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…
  8. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 8
    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 Area DSUs (1) Locations (1) (Mboe) (2) (WTI) Core 72 607…
  9. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 9
    Increasing Capital Efficiency Through High Intensity Program Substantially Improving Capital Efficiency in the Core(1) Well Design in the Core 15 14.17 15 High Intensity 12.62 12 12 Base High Volume Design Slickwater Job…
  10. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 10
    Core High Intensity Type Curve and Performance Update Core High Intensity Type Curve Core Bakken & TFS High Intensity Well Performance 450 400 1,000 450 350 MBoe 400 300 350 250 1,050 300 200 Mboe Boepd 250 150…
  11. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 11
    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…
  12. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 12
    Oil and Gas Infrastructure Development1 Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering (3rd party system) Realized 4.85/bbl differential in 1Q16 Signing longer term contracts…
  13. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 13
    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…
  14. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 14
    Appendix 15
  15. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 15
    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…
  16. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 16
    Extended Core & Fairway Type Curves and Economics Extended Core & Fairway Type Curves Recent Well Performance 1,000 140 750 Mboe 625 Mboe 120 100 450 Mboe 80 Mboe Boepd 100 60 750 Mboe 40 20 450 Mboe - 1 31…
  17. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 17
    Key Metrics & Inventory Detail Key metrics 1Q16 Remaining Operated Locations (1) (1) Net acreage (000s) 485 (1) Estimated net PDP - MMBoe 147.6 Area Wells/DSU Gross Net (1) Estimated net PUD - MMBoe 70.7 Core 15 607 367 (1)…
  18. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 18
    Financial and Operational Results / Guidance Actual Guidance (1) Select Operating Metrics FY 10 FY11 FY12 FY13 FY14 1Q 15 2Q 15 3Q 15 4Q 15 FY15 1Q 16 FY16 Production (MBoepd) 5.2 10.7 22.5 33.9 45.7 50.4 50.3 50.5 50.7 50.5 50.3 46-49…
  19. May 2016 Investor Presentation – Oasis Petroleum Inc. – slide 19
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 5/4/16) 180.4 MM Share Price (close on 5/6/16) 8.66 per share Approximate Equity Market Capitalization…

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