NOVEMBER 8, 2018 Drop Down Transaction Overview Investor Presentation www.oasismidstream.com
Acquisition Summary Accretive Deal Expands OMPs Scale Acquisition Summary Oasis Midstream Partners LP is acquiring a 15% interest in Bobcat DevCo and 30% interest in Beartooth DevCo, bringing total OMP ownership to 25% and 70%…
Delivering On Our Promises A Year in Review Since OMPs IPO in September 2017 At IPO We Promised Our Performance Since IPO(1) Target long-term peer-leading distribution growth Quarter over quarter distribution increases since IPO,…
Delivering On Our Promises A Year in Review Continued At IPO We Promised Our Performance Since IPO(1) Gas Plant II was assigned to OMP at cost, enhancing the returns Symbiotic relationship with high- quality parent Oasis Petroleum…
Leading Williston Basin Midstream Operator With an Undervalued Option on Bakken Growth Oasis Midstream at a Glance High Level Organization Structure (2) Strategically located gathering and processing Public infrastructure in the…
Strategically Located Infrastructure In the Heart of the Williston Basin Oasis Midstream Infrastructure Map Burke Beartooth Project Areas Cottonwood Extensive network of produced water gathering & disposal and freshwater assets…
Overview of Oasis Petroleum Strategic Relationship with Strong Sponsor Sponsor Overview Oasis Petroleums Williston Asset Independent E&P with a strong portfolio located in the core of the two best oil basins in North America, the…
Sponsor Financial Strength Translating Leading Returns in Williston to Entire Portfolio Proved Developed F&D Comparison (/boe) (1) Peer Leading Margins (1,2) 42 20 37.01 36.01 36 34.42 16.51 15.84 31.74 31.28 14.84 15.07 Adj.…
Updated 2019 Financial Guidance Pre Acquisition Revised Projection (MM, unless otherwise noted) Low High Low High Net EBITDA 106 112 143 149 Distributable CF 88 93 116 122 Maintenance Capex % of 7% 10% 7% 10% EBITDA…
Pro Forma Financial Overview Sources and Uses (MM) Debt and Liquidity (MM) Sources Balance Sheet 9/30/2018 Adj. Pro Forma Units Issued 125 Cash 5 5 OMP Debt Revolver Borrowings 125 Revolver Balance 166 125 291 Total Sources…
Our Core Financial Strategy Deliver stable, fee-based revenues under acreage dedications Maintain long-term contracts with cash flow visibility and acreage dedications (e.g. 15-year Generate Stable, contracts with our Sponsor and…
Appendix
Organization Structure Organizational Structure Directors and 100% interest Management OMS Holdings LLC 10% non- 90% 5.125MM Common units controlling controlling 13.75MM Sub units 100% interest interest interest Oasis…
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