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Q2 2016 Earnings Presentation – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Aug 4, 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. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 1
    August 2016 Investor Presentation
  2. Q2 2016 Earnings 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. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 3
    Recent Accomplishments & Highlights Basically flat for 7 consecutive quarters around 50 Mboepd 2Q16 production 49.5 Mboepd Production 2016 range increased to 48.5 49.5 Mboepd from 46- 49 Mboepd YTD16 LOE of 6.89 per Boe Lowest…
  4. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 4
    Financial Strength & Balance Sheet Protection Free cash flow positive by 46MM thru 2015 No Near-Term Debt Maturities (MM) & YTD2016 combined Free Cash Flow Minimal outspend in 2H16 planned 1,400 Positive (1) 1,200 1,000 800 600…
  5. Q2 2016 Earnings 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 49.5 50 minimal rig termination penalties…
  6. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 6
    Improving Capital Efficiency through Reduced Well Costs Slickwater Well Cost (MM) Substantially Improving Capital Efficiency in Core(1) 15 14.17 15 12 10.6 45% Reduction 12.62 10 12 12 in Millions per Boe 8 9 10.6 9 6.5…
  7. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 7
    Operational Excellence: Lowering Operating Cost Structure Improving Operating Cost Structure Steady E&P G&A Improvements (/Boe) 25% Reduction 6 12 10.18 50% Reduction 18% Reduction 10 9.34 5 7.84 7.50 8 4 6.75 5.72 6 5.00 3…
  8. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 8
    2016 Plan Drivers 2016 Capital Plan Activity Focused in the Core Total CapEx of 400MM in 2016: 2 rig program drilling in Wild Basin D&C: 200MM Frac crew 100% focused in Core OMS: 140MM Beginning of year in Indian Hills Other:…
  9. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 9
    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…
  10. Q2 2016 Earnings 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. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 11
    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…
  12. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 12
    Controlling Strategic Infrastructure 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…
  13. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 13
    Oil and Gas Infrastructure Development 3rd Party Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering Realized 4.85/bbl differential in 2Q16 Signing longer term contracts at fixed…
  14. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 14
    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…
  15. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 15
    Appendix 16
  16. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 16
    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…
  17. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 17
    Key Metrics & Inventory Detail Key metrics 2Q16 Remaining Operated Locations (1) (1) Net acreage (000s) 485 (1) Estimated net PDP - MMBoe 147.6 (1) Area Wells/DSU Gross Net Estimated net PUD - MMBoe 70.7 Estimated net proved reserves…
  18. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 18
    Financial and Operational Results / Guidance Guidance (1) Select Operating Metrics FY11 FY12 FY13 FY14 1Q 15 2Q 15 3Q 15 4Q 15 FY15 1Q 16 2Q 16 FY16 Production (MBoepd) 10.7 22.5 33.9 45.7 50.4 50.3 50.5 50.7 50.5 50.3 49.5 48.5 - 49.5…
  19. Q2 2016 Earnings Presentation – Oasis Petroleum Inc. – slide 19
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 8/3/16) 180.4 MM Share Price (close on 8/3/16) 7.26 per share Approximate Equity Market Capitalization…

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