December 11, 2017 Strategic Expansion into the Core of the Delaware Basin Two Premier Oil Basins One Efficient, Returns-Focused U.S. Oil Company
Strategic and Complementary Expansion into the Core of the Delaware Basin We are acquiring 20.3K consolidated net acres in the core of the Delaware Basin oil window Acreage located in Loving, Ward and Winkler counties, the deepest…
Summary Transaction Highlights Adds 507 high-return, oil-weighted and low-risk net core drilling locations Acreage has been materially delineated by the seller and offset operators; results are top tier Expands Our Core…
Core Delaware Basin Assets with Highly Attractive Attributes Key Asset Highlights Premier Position in the Core of the Delaware Advantaged geologic position Deepest part of the Delaware Basin Thick reservoirs with high OOIP…
Thick, Multi-Stacked Pay Potential with Large Inventory Upside Formation Type Log Development Pattern Wells Column (Not to Scale) per DSU Thickness Delaware Basin Net Inventory Bone Spring 6+ 1,000 Lime / Avalon 1st Bone…
Contiguous Acreage Blocks Combined with High Oil Cuts Deliver Efficient and Compelling Development Opportunities Summary Highlights Assets in the Deepest and Oiliest Part of the Play Acreage located in the black oil window with high…
Operators Unlocking Formation Targets with Strong Well Performance Lateral 180 IP Rate / Compl Well Name Operator Length Lateral(ft) 1,000' IP (Bbls) Date Selected Wells 2nd Bone Spring 180 Rate / Compl Well Name Operator Length…
Exceptional Well Performance With Potential Completion Design Upside Summary Highlights Normalized Average Oil Rate (Wolfcamp A & B)(1) Peer-leading well performance 300 Overpressure helps deliver larger volumes Wells flow for…
Oasis Well Results are Outperforming Those of Offset Peers Oasis Well Results Outperform Offset Operators(1) Oasis Wells are Outperforming Peer Type Curves Oasis WC A Average All wells still flowing without artificial lift 4…
Operational Excellence: Demonstrated Capital Efficiency and Low Operating Cost Structure in the Williston Basin Track Record of Efficient Full-Field Development Substantially Improving Capital Efficiency in Core Experienced in full…
Unique Value and Strategic Opportunities Derived from our Vertically Integrated Platform Oasis Midstream Oasis Well Services The acquired acreage is largely undedicated for midstream OWS provides material cost-advantages and…
Update to 2017 and Issuance of 2018 Capital Plan Production Highlights 2018 Williston Basin Development Plan Increasing 4Q17 production guidance from 69- Williston Basin 72Mboepd to 71-73Mboepd Expect to drill and complete 100 to…
Key Investment Highlights for Oasis Petroleum Operational scale in the two best U.S. oil basins focused on the Core of the North American Core Large, contiguous acreage positions configured for efficient full-field development…
Sources, Uses and Pro Forma Capitalization Sources & Uses Pro Forma Capitalization (as of 9/30/17) Combined Sources ( in millions) Standalone Pro Forma ( in millions) Cash and Equivalents 8 8 Equity issued to Seller 463 (1)…