NOVEMBER 2018 Investor Presentation www.oasismidstream.com
Oasis Midstream Partners (OMP) Investment Thesis Extensive infrastructure positions OMP to capture Oasis and 3rd Strategic Assets in the party volumes Core of the Williston Basin Proven execution track record Oasis is a…
Delivering On Our Promises A Year in Review Since OMPs IPO in September 2017 At IPO We Promised Our Performance Since IPO 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 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 (1) Oil-weighted, core-focused in best basins in North America Strong Portfolio with Growing Inventory Gross Operated Williston Inventory 13 years of economic drilling inventory in the core 810 and extended core…
Overview of Oasis Capital disciplined and returns focused Capital Discipline Proven Track Record Delivering Growth 120 E&P spending within cash flow in 2018 and 2019 100 94 Growing exit volumes by 25% in 2018 and 15% in 83 2019 80…
Midstream Upside OMP is a premier asset with peer leading growth Targeting 20% Distribution per Unit Growth Unlocking OMP Value (1) 24% 0.60 21% OMP OMP 20% Target Distribution per Unit 2Q18 2020 Consensus 0.50 0.54 NBLX…
Outlook for OMP Long-term growth outlook continues to improve Expanding LP Coverage on top Significant OMP EBITDA Growth (MM) of 20% Distribution per Unit Growth (1) 125 1.9 1.6- 112 1.7 1.7 100 106 1.5 1.4 75 68 Increased…
Outlook for OMP Long-term growth with strong balance sheet Key Financial Highlights 2018 CapEx Plan (MM) (1) Debt to NTM EBITDA remains below 2x throughout 2018 Investing capital to capture volume growth Current revolver balance of…
Improving Well Performance and Increasing Gas Rates Driving organic and 3rd party opportunities North Dakota Processing Capacity & Gas Production(1) Capturing the Opportunity Identified gap in processing capacity in the Williston…
Gas Plant II Attractive build multiples with opportunities for 3rd party volumes Gas Plant II Gas Plant II is more efficient than Plant I, allowing for increased realizations 200MMscfpd Gas Plant II is highly efficient capital…
Bighorn & Bobcat Wild Basin Crude, Gas and Water Infrastructure Bighorn & Bobcat Highlights Natural Gas Gathering, Processing, Compression & Lift Extensive footprint in most economic Gas Plant I: 80MMscfpd initially in service in Fall…
Beartooth Mission critical water services infrastructure in the Williston Beartooth Highlights Produced Water Gathering & Disposal High water-to-oil ratio requires 293 miles of operated produced water gathering lines, separation and…
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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