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Q3 Update and Acquisition – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Oct 18, 2016 · 13 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. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 1
    October 2016 Conference Call - 3Q Update and 785 Million Acquisition
  2. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 2
    3Q16 Accomplishments & Highlights Wild Basin Bakken type curves increasing to 1.55 MMBoe EURs (from 1.2 MMBoe) Driving EUR Completion design testing yielding positive results Performance Higher Likely increasing proppant intensity in…
  3. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 3
    Top Pure Play Operator in the Williston Basin Increasing Footprint Acquisition Highlights Premier Position in Williston Basin2 West Williston East Nesson Bolt-on core inventory position 55k net acres in the heart of the Williston…
  4. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 4
    Acquisition Adds Substantial Core Drilling Inventory Summary of Inventory Acquired Inventory in the Heart of the Basin MONTANA NORTH DAKOTA 800 684 Number of Wells 600 130 401 425 400 68 92 554 200 333 333 Fairway…
  5. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 5
    Wild Basin High Intensity Type Curve and Performance Update Wild Basin Bakken Well Performance Wild Basin Three Forks Well Performance 250 250 Cumulative MBOE Produced Cumulative MBOE Produced Updated 1,550 MBOE Wild Basin…
  6. Q3 Update and Acquisition – 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 20 12 10.6 50% Reduction 13 10 12 15 9 10.6 in Millions 8 per Boe 8.5 6…
  7. Q3 Update and Acquisition – 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 7.00 5.72 6 5.00 3…
  8. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 8
    Controlling Strategic Infrastructure Drives Higher Margins Asset Highlights Wild Basin Project Online Saltwater gathering lines (over 300 miles) Assets in Wild Basin are Online Increased volume flowing through gathering lines from…
  9. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 9
    Financial Strength & Balance Sheet Protection Free cash flow positive by 46MM thru 2015 No Near-Term Debt Maturities (MM) & 2Q YTD 2016 combined Free Cash Flow Minimal outspend in 2H16 planned Positive (1) 1,200 1,000 800…
  10. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 10
    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…
  11. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 11
    Appendix 12
  12. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 12
    Hedging Update Oil Hedging - WTI Volume in Mbopd 3Q16 4Q16 1H17 2H17 1H18 2H18 Swap Volume 32.0 33.0 15.0 13.0 3.0 2.0 Price 49.13 49.20 48.19 48.68 53.97 53.99 Collars Volume - - 5.0 5.0 - - Floor 44.00 44.00 Ceiling 53.14…
  13. Q3 Update and Acquisition – Oasis Petroleum Inc. – slide 13
    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 10/17/16) 11.23 per share Approximate Equity Market Capitalization…

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