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2Q 2017 Earnings Update – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Aug 2, 2017 · 18 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. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 1
    August 2017 Investor Presentation
  2. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 2
    Top Pure Play in the Williston Basin(1) Top tier asset position Premier Position in Williston Basin Concentrated & controlled position 518k net West Williston East Nesson acres 94% held by production Montana North Dakota…
  3. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 3
    Recent Accomplishments & Highlights Core Bakken production results continue to improve Improving Economics Further completion design innovation improving well economics Dialing in proppant intensity, water volumes pumped, and stage…
  4. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 4
    Wild Basin High Intensity Type Curve and Performance Update Wild Basin Bakken Well Performance Wild Basin Three Forks Well Performance 350 250 Constrained Constrained Cumulative Avg Normalized Oil Rate (Mbbls) Cumulative Avg…
  5. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 5
    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 225 200 Cumulative Avg Normalized Oil Rate (Mbbls) Cumulative Avg…
  6. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 6
    Robust Inventory in the Heart of the Williston Basin(1) Inventory in the Heart of the Play Increased Strength of Inventory (Net/Gross Locations) Burke MONTANA NORTH DAKOTA 1,800 1,600 1,459 (Gross) 1,400 Sheridan Divide…
  7. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 7
    2017 and 2018 Execution Plan 2017 Plan Highlights Production Growth Profile CapEx Guidance Drilling & Completions: 410MM Midstream (OMS): 110MM Other capital(1) : 85MM 100 15% Total CapEx: 605MM 16% 83 80 69.5 72 62 E&P…
  8. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 8
    Operational Excellence: Lowering Operating Cost Structure Improving Operating Cost Structure Steady E&P G&A Improvements (/Boe) 30% Reduction 6 12 33% Reduction 10.18 60% Reduction 5 10 9.34 7.84 7.75 4 8 7.35 3.30 5.72 3 6 6.75…
  9. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 9
    Improving Capital Efficiency through Reduced Well Costs Slickwater Well Cost (MM) Substantially Improving Capital Efficiency in Core(1) 12 15 14 20 10.6 13 10 12 15 8 7.3 9 7 in Millions per Boe 6.5 10 6 5 6 10.6 8.5…
  10. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 10
    Controlling Strategic Infrastructure Asset Highlights Gas Plant & Crude Storage Natural gas gathering & processing 80MMscf/d Gas Plant Oil gathering, stabilization and storage Saltwater gathering lines (over 300 miles) Increased…
  11. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 11
    Financial Strength & Balance Sheet Protection No Near-Term Debt Maturities (MM) (as of 3/31/17) Free Cash Flow positive in 2015 & 2016 1,200 Free Cash Flow Projected to be Free Cash Flow positive, Positive (1) excluding OMS CapEx…
  12. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 12
    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…
  13. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 13
    Appendix 14
  14. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 14
    Oil and Gas Infrastructure Development 3rd Party Infrastructure Highlights Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering Realized 3.68/bbl differential in 2Q17 Signing longer term contracts at fixed…
  15. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 15
    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…
  16. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 16
    Key Metrics Key metrics YE 2016 Net acreage (000s) 518 Estimated net PDP - MMBoe 190.6 Estimated net PUD - MMBoe 114.5 Estimated net proved reserves - MMBoe 305.1 Percent developed 62% 6/30/2017 Operated rigs running 4 Operated…
  17. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 17
    Financial and Operational Results / Guidance Guidance(1) Select Operating Metrics FY13 FY14 FY15 1Q 16 2Q 16 3Q 16 4Q 16 FY16 1Q 17 2Q 17 FY17 Production (MBoepd) 33.9 45.7 50.5 50.3 49.5 48.5 53.1 50.4 63.2 61.9 Production (MBopd)…
  18. 2Q 2017 Earnings Update – Oasis Petroleum Inc. – slide 18
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 8/2/17) 237.4 MM Share Price (close on 8/2/17) 7.36 per share Approximate Equity Market Capitalization…

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