January May 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…
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 Operating Cost Structure (1) Improving economics across position and…
Scale Drives Production Growth Legacy of Capital-Efficient Volume Growth Production Highlights Production Growth Profile (MBoepd) (1) 100 91.0 1Q19 oil and Boepd exceeded expectations 80 88.3 91.7 86.0 Expect 7% production…
2019 E&P Plan Remains Cash Flow Positive Budget set at 50 WTI / 3 HH E&P Highlights 2019 Cash Flow Profile (MM) Expected to deliver positive free cash flow at 50 WTI, with higher 750 - 540 590 - oil prices fueling even more free…
Deep, Low-Cost Drilling Inventory Top-Tier Acreage Position - Williston Enhanced Completion Expands Top Tier Position Recent Well Results Showing Strong Performance Burke MONTANA NORTH DAKOTA 300 vs. Indian Hills Core 250…
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 5,325 7,000 3 month Cum bbl oil per 1,000…
Williston - Well Productivity Oasis remains a top performer Williston Well Productivity(1) 35,000 12 Months BOE per 1,000' Lateral 30,000 25,000 20,000 15,000 10,000 5,000 0 OAS A B C D E F G H I J K L M N O…
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 Wolfcamp C and Third Bone Spring Shale wells mirroring Top-Tier inventory across 1,200 feet of column Wolfcamp A…
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 32.63 20 18.32 1Q19 Adj. EBITDA / BOE 30 28.59 28.07 3 Year…
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) 493MM drawn under…
Midstream 15
Strategically Located Infrastructure in the Heart of the Williston and Delaware Midstream assets minimize operating costs and ensure quality, timing & capacity of service Midstream Asset Highlights OMP, Oasiss MLP, is now the 2nd…
Strategically Located Infrastructure In the Heart of the Delaware Basin Oasis Planned Delaware Basin Dedication Project Highlights Creating Panther DevCo to operate crude oil gathering Oasis Top-Tier Inventory and produced water…
Midstream Upside OMP is a premier MLP with peer leading growth Significant OMP EBITDA Growth (MM) (1) 2019 Forecasted EBITDA Growth Since IPO (MM) (1) 175 166 180 166 150 160 158 140 125 120 100 100 85 75 80 65 158 50 43 69…
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 20
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 3…
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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