January November 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 E&P Operating Cost Structure (1,2) Improving economics across position…
Scale Drives Efficient Production Growth While Producing FCF Legacy of Capital-Efficient Volume Growth Highlights Production Profile (MBoepd) (1) Expect 6% production growth in 2019(1) 100 87.5 Oasis expects to complete 70…
2019 E&P Plan is Free Cash Flow Positive E&P Highlights 2019 Cash Flow Profile (MM) 150- Expected to deliver positive free 155 cash flow at 50 WTI, with higher oil prices fueling even more free 620- cash flow 750 - 640 760…
Deep, Low-Cost Drilling Inventory Top-Tier Acreage Position - Williston Enhanced Completion Expands Top Tier Position Recent Well Results Showing Strong Performance(1) Burke 300 MONTANA NORTH DAKOTA 250 Divide Cumulative…
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 A OAS 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 Advantaged geologic position Net Acres (thousands) 24…
Financial Highlights (1) Disciplined management of the balance sheet through all cycles Strong Borrowing Base & Liquidity No Near-Term Maturities (MM) Oasis Borrowing Base of 1.3Bn (1.1Bn Committed) 2,100 406MM drawn under…
Midstream 12
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 (4) OMP, Oasiss MLP, is one of…
Strategically Located Infrastructure In the Heart of the Delaware Basin Oasis Delaware Basin Dedication Project Highlights Created Panther DevCo to operate crude oil gathering Oasis Top Tier Inventory and produced water gathering…
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) 175 158 180 158 150 160 154 140 125 120 100 100 85 75 80 65 154 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 17
Investing in Highly Economic Projects Across Diverse Portfolio 2019 E&P Plan Highlights 2019 Development Activity Guidance Highlights Complete 70 operated wells 65% WI 4Q19 Key metrics: +Non-op activity LOE: 6.75 to 7.50 per boe…
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…
Oasis Financial Metrics Backup and Hedge Position Oasis and OMP Breakout (1) Financial Metrics Backup (1) (MM) Oasis OMP Consolidated Attributable to Non-Controlling Oasis (MM) Oasis Interest Consolidated Senior Notes 2,039.4 0.0…
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