Oasis Investment Highlights Williston core inventory increased to 585 net locations Strong Portfolio with Growing Added core 507 net locations in the Delaware Inventory Strong portfolio located in the core of the two best oil…
Strong Portfolio with Growing Inventory Oil-weighted, core-focused in best basins in North America Combined Statistics Our Williston Asset Williston Delaware Total Core Extended Core Fairway Net Acres (000s) 503 22 525 Burke…
Capital Discipline Prudent management of capital throughout all cycles Free Cash Flow History (MM) (1) Production Growth Profile (2) 700 659 120 600 563 561 534 100 500 97 83.0 406 80 383 88.0 Mboepd 400 80.0 60 73.2…
Returns Focused Top-in-class F&D performance versus peers Proved Developed F&D Comparison (/boe) (1) Well Costs Down and EURs Increasing 20 Well Cost (MM) Core EUR (Mmboe) 16.51 15.07 15 13.54 14.08 10.6 1.2 13.21 10.40…
Returns Focused Translating leading returns in Williston to entire portfolio Track Record for Delivering Returns Peer Leading Margins (1) 42 E&P: Investing in 75% IRR wells in the core 36.86 35.07 36 32.50 31.73 OWS: 3x cash…
Midstream Upside OMP is premier asset with peer leading growth Midstream/OMP Asset Highlights Significant EBITDA Growth (MM) Oasis expects to fund midstream capital through OMP 75 65 235MM to 275MM of capital invested in 2018 at…
2018 E&P Plan Highlights(1) Building on 2017 growth within E&P Cash Flow 2018 Development Activity Highlights Production Expect to drill and complete 100 -110 operated wells 1Q18 75-77 Mboepd 73% WI 4-5 rigs throughout year FY18…
Williston Basin 10
Robust Inventory in the Heart of the Williston Basin (1) Increased core inventory year over year Enhanced Completion Expansion Williston Inventory Locations Burke MONTANA NORTH DAKOTA 585 602 483 467 Divide Cottonwood…
Core Williston Well Performance Update More oil produced sooner equates to NPV pull forward Wild Basin and Alger Bakken Well Performance Other Core Areas Bakken Well Performance 350 350 Constrained Updated type curve accounts…
Operational Excellence Demonstrated capital efficiency & low operating cost structure Track Record of Efficient Full-Field Development Experienced in full field horizontal development targeting stacked pays Over 800 wells drilled…
Well Services (OWS) Adding value through vertical integration Strategic Advantages OWS Fleet OWS provides material cost-advantages, availability of quality service and flexibility Enhances overall operational scale and market…
Strategically Located Infrastructure in the Heart of the Williston Midstream assets allow us to minimize operating costs and ensure quality, timing & capacity of service Midstream Asset Highlights Williston Midstream Asset Footprint…
Delaware Basin 16
Core Delaware Basin Asset Premier multi-stacked, oil-focused Asset 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 Conservative inventory assumptions provide room for upside Formation Type Log Development Pattern Wells Column (Not to Scale) per DSU Thickness Delaware Basin Net…
Delaware Type Curve and Performance Update Oasis wells are outperforming offset operators type curves Wolfcamp A and B (1) 450 400 Cumulative Avg Normalized Oil (Mbbls) 350 300 250 200 150 100 50 0 0 100 200…
Financial Highlights 20
Financial Highlights Disciplined management of the balance sheet through all cycles Strong Borrowing Base & Liquidity Senior Notes Oasis Borrowing Base of 1.6Bn (1.35Bn Committed) Current balance of 2,053MM, excluding revolver…
Key Investment Highlights for Oasis Petroleum Operational scale with top-tier assets in the two best U.S. oil basins focused on the Core of the North American Core Large, contiguous acreage positions configured for efficient…
Appendix 23
Oil and Gas Infrastructure in the Williston Marketing team provides peer leading realized prices Marketing Highlights 3rd Party Crude Oil Gathering Infrastructure Crude oil gathering MONTANA NORTH DAKOTA Marketing strategy centered…
Oasis Financial Metrics Backup and Hedge Position Oasis and OMP Breakout Financial Metrics Backup Attributable to Non-Controlling Oasis (MM) Oasis OMP Consolidated (MM) Oasis Interest Consolidated Senior Notes 2,093.0 0.0 2,093.0…
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