Top Pure Play in the Williston Basin1 Top tier asset position Premier Position in Williston Basin Concentrated position - 485k net acres 91% held by production West Williston East Nesson 97% operated Montana Montana NorthNorth…
October 2016 785MM Pending Acquisition Acquisition Highlights Bolt-on core inventory position 55k net acres in the heart of the Williston Basin 34 operated DSUs 25% increase to OAS core inventory position Strong production base…
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 50.0 50 minimal rig termination penalties…
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 in Millions 8 9 10.6 per Boe 8.5 6 10…
Growth within Cash Flow Path to Continued Growth Production Growth Profile Base plan: 2 rig program drilling in Wild Basin 90 80 80 70 Pending Acquisition expected to add 12 MBoepd to YE 70 62 2016 production 60 50 49 50 46 Runway…
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 Locations1 (Mboe)2 (WTI) OAS Standalone Oasis…
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…
Financial Strength & Balance Sheet Protection Free Cash Flow positive by 43MM thru 2015 No Near-Term Debt Maturities (MM) (as of 9/3016) & YTD2016 combined Free Cash Flow 1,200 Free Cash Flow neutral in third quarter Positive (1)…
Controlling Strategic Infrastructure Asset Highlights Wild Basin Project Saltwater gathering lines (over 300 miles) Assets in Wild Basin are Online Increased volume flowing through gathering lines from Natural gas gathering &…
Oil and Gas Infrastructure Development 3rd Party Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering Realized 4.39/bbl differential in 3Q16 Signing longer term contracts at fixed…
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…
Appendix 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…
Key Metrics & Inventory Detail Key metrics 3Q16 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 (1) Core 15 607 367…
Core High Intensity Type Curve and Performance 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 Mboe…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 11/2/16) 236.4 MM Share Price (close on 11/7/16) 10.81 per share Approximate Equity Market Capitalization…