NOVEMBER 2019 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 Heart of the Williston and Proven execution track record Delaware Basins…
Delivering On Our Promises Exceeded expectations on all fronts to create a peer leading MLP At IPO We Promised Our Performance Since IPO Quarter over quarter distribution increases since IPO, with 20% per Target long-term…
Delivering On Our Promises Strong relationship with Sponsor has created outsized value for unitholders At IPO We Promised Our Performance Since IPO Gas Plant II built at OMP Symbiotic relationship with high- Completed 250 million…
Leading Midstream Operator Positioned in the two best oil plays in North America Oasis Midstream at a Glance High Level Organization Structure (2) Strategically located gathering and processing Public infrastructure in the heart of…
Strategically Located Infrastructure In the Heart of the Williston Basin www.oasismidstream.com 7
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…
Overview of Oasis (1) Top tier inventory and a proven track record on capital discipline and growth Strong Portfolio with Top Tier Inventory Oasis Production Profile Strong portfolio located in the heart of the two best oil basins…
Midstream Upside OMP is a premier asset with peer leading growth Targeting 20% Distribution per Unit Growth Unlocking OMP Value (1) 21% Potential OMP Upside 18% 1Q19 2021 Consensus Distribution per Unit 0.54 NBLX…
Outlook for OMP Long-term growth outlook continues to improve Expanding Distribution Coverage on top Significant OMP EBITDA Growth (MM)(1) of 20% Distribution per Unit Growth (1,2) 2.1 2.0 175 158 1.9 2.0 1.9 150 1.7 154 125…
Outlook for OMP Long-term growth with strong balance sheet Key Financial Highlights 2019 CapEx Plan (MM) One of the cleanest balance sheets of high-growth Investing capital to capture volume growth sponsor-backed G&P MLPs Bobcat 2019…
Bighorn Gas Plant Complex Attractive build multiples with opportunities for 3rd party volumes Highlights 200MMscfpd Gas Plant II - highly efficient capital spend Bighorn gas complex processed 236MMscfpd in 3Q19 Processing volumes…
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: 80 MMscfpd area of the Williston…
Beartooth Mission critical water services infrastructure in the Williston Beartooth Highlights Produced Water Gathering & Disposal Produced water system required to 385 miles of operated produced water gathering lines, move oil…
Panther Crude and Produced Water Services in the Delaware Basin Panther Highlights Produced Water Gathering & Disposal Foothold in the oiliest, most 2019 plan of building 14-inch to 24-inch operated produced water gathering lines to…
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% 9.075MM Common units controlling controlling 13.75MM Sub units 100% interest interest interest Oasis…