Top Pure Play in the Williston Basin(1) Top tier asset position Premier Position in Williston Basin Concentrated & controlled position 518k net acres West Williston East Nesson 94% held by production Montana North Dakota…
Recent Accomplishments & Highlights Core Bakken production results continue to improve, driving annualized production growth in 3Q17 of 25% Improving Economics Further completion design innovation improving well economics through…
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…
Improving Capital Efficiency Slickwater Well Cost (MM) Substantially Improving Capital Efficiency in Core(1) 12 10.6 15 14 20 10 13 12 15 7.7 8 9 8 6.8 in Millions per Boe 10 6 5 6 10.6 8.5 6.8 5 4 3 2 - 0 2014…
2017 Execution Plan Translates into Growth in 2017 & 2018 3Q17 YTD FY17 2017 CapEx Plan (MM) Production Growth Profile Actual Estimate E&P 342 475 15% Non-E&P CapEx 100 OWS 5 15 16% 83 Other 17 20 80 65.8 72 Midstream Base CapEx…
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 250 250 Constrained Constrained Cumulative Avg Normalized Oil Rate…
Wild Basin High Intensity Type Curve and Performance Update Wild Basin Bakken Well Performance Wild Basin Three Forks Well Performance 350 350 Constrained Constrained Cumulative Avg Normalized Oil Rate (Mbbls) Cumulative Avg…
Improving Well Performance and Increasing Gas Rates Observations Rationale for Gas Plant II Oasis sees gas production rising in North Dakota: 80MMscfpd Gas Plant I is already full, with current volumes High intensity frac jobs,…
Gas Plant II Assignment Gas Plant II Assignment On November 6, 2017 Oasis and OMP agreed to the assignment of Gas Plant II to OMP OMP reimbursed Oasis for 66.7MM of capital spent YTD thru October 2017 Total capital expected on Gas…
Strategically Located Infrastructure in the Heart of the Williston OMP Asset Highlights Williston Midstream Asset Footprint (1) Gathering & Processing Assets in Wild Basin Burke Approximately 86 miles of crude and gas gathering…
Financial Highlights Free Cash Flow Positive (1) Long Term Debt Free Cash Flow positive in 2015 & 2016 Current balance of 2,053MM, excluding revolver Projected to be Free Cash Flow positive, excluding midstream Current ratings of…
Investment Highlights Capital disciplined and returns focused Prudently managing balance sheet while being one of the first E&P companies to become free cash flow positive 1.6Bn borrowing base for Oasis Ability to fund midstream…
Appendix 16
Protecting Execution Plan and Balance Sheet via Strong Hedge Position Oil Hedge Position Gas Hedge Position Volume (Mbopd) 2H17 1H18 2H18 2019 Gas Vol (MMBtu/d) 2H17 1H18 2H18 2019 Swap Swap Volume 14.3 37.0 35.0 7.0 Volume 11.0 19.0…
Oil and Gas Infrastructure Marketing Highlights 3rd Party Crude Oil Gathering Infrastructure MONTANA NORTH DAKOTA Crude oil gathering Realized 1.82/bbl differential in 3Q17 Signing longer term contracts at fixed differentials…
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 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% 9/30/2017 Operated rigs running 5 Operated…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 11/03/17) 237.3 MM Share Price (close on 11/07/17) 10.89 per share Approximate Equity Market Capitalization…
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