Oasis Strategy and Investment Highlights Large, operated contiguous blocks allow for capital efficient development Size and Scale Proven ability to execute bolt-ons in a capital-efficient manner to further enhance operational…
Size and Scale Expansive footprint focused on top US oil plays Williston Delaware Total Extensive acreage position Net Acres (thousands) 408 25 433 spanning two premier basins Avg. Rigs in 2020 2 2 4 with decades of low-cost 2020…
Portfolio Diversity in the Top US Oil Plays Capitalizing on long-lived inventory in both the Williston and Delaware Williston Delaware Basin Basin Williston Basin Cornerstone Repeatable, Portfolio asset delivering capital…
Williston Basin Cornerstone Asset Top-tier acreage position delivers +FCF Impressive Results Across Position (1) 250 200 Cumulative Mbo Williston Highlights 150 Cornerstone asset with 91% of Oasis production and 100…
Developing DSUs to Optimize Capital Efficiency and Returns Williston delivering higher returns Williston Development Strategy Wild Basin Optimization Delivers Results(1) 400 Top tier returns and capital efficiency 350…
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 Growth engine for Oasis in early stages of…
Capital Discipline Improving Capital Efficiency Efficiencies Driving Down Well Costs Capital Discipline Exceeding Expectations MM 42% 870 5% 25% 11.5 839 810 800 13% 25 days 8.6 715 685 1 Delaware 2 Drilling 3 4…
Scale Drives Efficient Production Growth While Producing +FCF Legacy of Capital-Efficient Volume Growth Production Profile (MBoepd) 2019 E&P Cash Flow Profile (MM) (1) Mid-single digit growth from 4Q19 153 to 4Q20 88.1 598…
Scale Drives Operational Excellence Demonstrated capital efficiency & low operating cost structure Improving E&P Operating Cost Structure (1,2) 38.86 Improving economics across 9.50 position and capitalizing on vertical…
2020 Plan is Free Cash Flow Positive E&P Highlights 2020 Cash Flow Profile (MM) Expected to deliver positive free 168 - cash flow at 55 WTI, basically 176 neutral at 50 WTI due to strong hedge position 575 - 625 - 595 Gas and…
Financial Highlights (1) Disciplined management of the balance sheet through all cycles OAS Revolver & Senior Notes (MM) Maturity Schedule (MM) 7.5% 1,800 2,507 First priority with 2,320 FCF: 1,600 2,039 1,983 Debt repayment…
Oasis Commitment to Doing the Right Thing Values and Culture support commitment to Sustainability Environmental Social Governance Best in Class Gas Capture World Class Board Oasis captures 14% more Investing in our people:…
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 Williston Asset Highlights (2)…
Panther DevCo Strategically Located Infrastructure In the Heart of the Delaware Basin Delaware Basin Position Project Highlights Operates crude oil gathering and produced water gathering and disposal in the oiliest, most economic…
Midstream Performance Continues in 4Q19 OMP is a premier MLP with peer leading growth Volumes Highlights 300 255 250 15% (1) 250 7% EBITDA Distributable MMscfpd 200 240 (1) Beat Cash Flow Bighorn Gas 150 Volumes Beat…
Key Investment Highlights for Oasis Petroleum Premier North American Assets Disciplined Management Operational scale with Top-Tier assets in Deliver moderate growth the two best U.S. oil basins Produce significant free cash…
Appendix 20
Best in Class Executive Compensation Changes 2020 compensation changes increasing managements alignment with shareholders Reduced salaries and annual cash incentive payments Adjusted annual scorecard metrics with items…
Investing in Highly Economic Projects Across Diverse Portfolio 2020 E&P Plan Highlights 2020 Development Activity Guidance Highlights FY20 Key metrics: 2 rigs in 2020 E&P & Other Capital(1): 575MM - 595MM Complete 45 - 55…
Oil and Gas Infrastructure in the Williston Marketing team provides peer leading realized prices Marketing Highlights 3rd Party Crude Oil Gathering Infrastructure Crude oil gathering MONTANA NORTH DAKOTA Marketing strategy…
Oasis Financial Metrics Backup and Hedge Position Oasis and OMP Debt Breakout (1) Financial Metrics Backup (1) Attributable to Non-Controlling Oasis (MM) (MM) Oasis OMP Consolidated Oasis Interest Consolidated 4Q19 EBITDA 248.0…
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