January February 2019 2019 Investor Investor Presentation Presentation
Oasis Strategy and Investment Highlights Large, operated contiguous blocks of acreage across two premier basins allow for capital efficient development Size and Scale Proven ability to add additional acreage through tactical…
Delivering On Our Promises A Year in Review 2018 Goals and Accomplishments 2018 Goals Our Performance Completed over 360 million of non-core divestitures since announcing the Forge Acquisition Trading non-core assets for…
Size and Scale Expanded footprint focused on best basins in North America Combined Statistics(1) Our Williston Asset (1) Williston Delaware Total Burke Divide Net Acres (000s) 414 23 437 Gross Operated Top Tier Sheridan 1,385…
Scale Drives Operational Excellence Demonstrated capital efficiency & low operating cost structure Track Record of Efficient Full-Field Development Improving economics across position and capitalizing on vertical integration…
Scale Drives Production Growth Legacy of Capital-Efficient Volume Growth Production Highlights Production Growth Profile (1) Raised 2018 volume expectations twice 100 91.0 Adjusted for A&D, grew overall 2018 volumes by 22% year…
Investing in Highly Economic Projects Across Diverse Portfolio 2019 E&P Plan Highlights 2019 Development Activity E&P Highlights (MM) Complete 70 operated wells 65% WI Objective +Non-op activity Targeted E&P cash flow positive…
2019 E&P Plan is Cash Flow Positive Budget set at 50 WTI / 3 HH E&P Highlights 2019 Cash Flow Profile 50 WTI (MM) Expect to deliver positive free 150 - 540 - cash flow at 50 WTI 160 560 Williston asset producing free 700 - 740…
Deep, Low-Cost Drilling Inventory Top-Tier Acreage Position - Williston Enhanced Completion Expands Top Tier Position Highlights MONTANA NORTH DAKOTA Burke 1,385 Top-Tier operated locations provide a 20+ year inventory life at…
Expanding Top Tier Position Recent well results across the Williston have seen significant uplift South Cottonwood Offset Well Results Painted Woods Performance Update 6,000 5,523 5,640 6,000 3 month Cum bbl oil per 1,000…
Williston - Well Productivity Oasis remains a top performer Williston Well Productivity(1) 40,000 12 Months Boe per 1,000 Lateral 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 A OAS B C D E F G H I J K L M N O P Q…
Premier Multi-Stacked, Oil Focused Asset Top-Tier Acreage Position Delaware Delaware Asset Overview Premier Position in the Heart of the Delaware Counties Loving, Ward, Winkler Net Acres (thousands) 23 % Operated 97% % Average…
Best in Class Inventory and Well Performance Top-Tier Asset Delaware Key Asset Highlights Top-Tier Well Results Recently completed tactical bolt-ons Recently drilled wells are outperforming industry 1.2 MMBoe type curve Added over…
Financial Strength Translating leading returns in Williston to entire portfolio Average Proved Developed F&D Comparison (/boe) (1) Peer Leading Margins (1,2,4) 36 33.29 32.33 20 18.32 31.83 2018 Adj. EBITDA / BOE 30.04 30…
Financial Highlights (1) Disciplined management of the balance sheet through all cycles Strong Borrowing Base & Liquidity No Near-Term Maturities (MM) 2,100 Oasis Borrowing Base of 1.6Bn (1.35Bn Committed) 468MM drawn under…
Midstream 17
Strategically Located Infrastructure in the Heart of the Williston Midstream assets minimize operating costs and ensure quality, timing & capacity of service Midstream Asset Highlights OMP, Oasiss MLP, is now the 2nd largest gas…
Midstream Upside OMP is premier MLP with peer leading growth Significant OMP EBITDA Growth (MM) (1) 2019 Forecasted EBITDA Growth Since IPO (MM) (1) 175 157 160 157 150 148 140 125 120 108 112 97 100 100 85 80 65 75 148 60…
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 21
Oil and Gas Infrastructure in the Williston Marketing team provides peer leading realized prices Marketing Highlights 3rd Party Crude Oil Gathering Infrastructure MONTANA Burke Crude oil gathering NORTH DAKOTA Marketing strategy…
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…
Oasis Financial Metrics Backup and Hedge Position Oasis and OMP Breakout (1) Financial Metrics Backup (1) Attributable to Non-Controlling Oasis (MM) Oasis OMP Consolidated (MM) Oasis Interest Consolidated Senior Notes 2,039.4 0.0…
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