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…
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…
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…
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 (2) Other : 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 Area DSUs (1) Locations (1) (Mboe) (2) (WTI) Core 72 607…
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…
Core High Intensity Type Curve and Performance Update Core High Intensity Type Curve Core Bakken & TFS High Intensity Well Performance 450 400 1,000 350 MBoe 300 1,050 250 Mboe 200 Boepd 150 875 Bakken: 1,050 Mboe…
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 4.85/bbl differential in 1Q16 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 Metrics & Inventory Detail Key metrics 1Q16 Remaining Operated Locations (1) (1) Net acreage (000s) 485 Estimated net PDP - MMBoe (1) 147.6 Area Wells/DSU Gross Net Estimated net PUD - MMBoe (1) 70.7 Core 15 607 367 (1)…
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 6/1/16) 10.15 per share Approximate Equity Market Capitalization…