Top Pure Play in the Williston Basin(1) Top tier asset position Premier Position in Williston Basin Concentrated & controlled position 518k West Williston East Nesson net acres 94% held by production Montana North Dakota…
Recent Accomplishments & Highlights Core Bakken type curve increasing Driving EUR Wild Basin type curve of 1.55 MMBoe Performance Higher Core excluding Wild Basin of 1.09 MMBoe Increasing proppant intensity and stage counts & expect…
Wild Basin High Intensity Type Curve and Performance Update Wild Basin Bakken Well Performance Wild Basin Three Forks Well Performance 250 MBOE: 250 2,000 1,800 Cumulative Avg Normalized Oil Rate (Mbbls) Cumulative Avg…
Core (Ex. Wild Basin) High Intensity Type Curve and Performance Core (Ex. Wild Basin) Bakken Well Performance Core (Ex. Wild Basin) Three Forks Well Performance 175 200 Bakken Wells Tracking a 1,090 Cumulative Avg Normalized Oil…
Robust Inventory in the Heart of the Williston Basin Inventory in the Heart of the Play Increasing Strength of Inventory Burke MONTANA NORTH DAKOTA 1,800 1,665 1,600 1,459 1,400 Sheridan Divide Cottonwood 1,200 19% 27% 1,000…
2017 and 2018 Growth Plan 2017 Plan Highlights Production Growth Profile CapEx Positive cash flow in 2017 & 2018 at strip Drilling & Completions: 410MM Midstream (OMS): 110MM 100 15% Other capital(1) : 85MM 41% 16% 83 Total…
Improving Capital Efficiency through Reduced Well Costs Slickwater Well Cost (MM) Substantially Improving Capital Efficiency in Core(1) 15 14 20 12 13 10.6 12 10 15 9 in Millions 8 per Boe 6 10 6.5 6 10.6 4 6 5.5…
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 &…
Financial Strength & Balance Sheet Protection Free Cash Flow positive in 2015 & 2016 No Near-Term Debt Maturities (MM) (as of 12/31/16) combined Free Cash Flow 1,200 Expected to be Free Cash Flow positive in Positive (1) 2017 &…
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 14
Oil and Gas Infrastructure Development 3rd Party Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering Realized 4.91/bbl differential in 4Q16 Signing longer term contracts at fixed…
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 Key metrics 4Q16 (1) Net acreage (000s) 518 Estimated net PDP - MMBoe (1) 190.6 Estimated net PUD - MMBoe (1) 114.5 (1) Estimated net proved reserves - MMBoe 305.1 Percent developed (1) 62% (1) Operated rigs…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 2/17/17) 237.5 MM Share Price (close on 2/22/17) 13.66 per share Approximate Equity Market Capitalization…