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…
Adjusting to the Current Environment Managing costs and preserving long-term value 1Q20 Results Adjusting to Current Environment Volumes of 80.1 Mboepd - 2% above midpoint Expect to be FCF+ and repay debt at strip pricing…
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 1Q20 Completions 18 9 27 with decades of low-cost…
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(1) MM 42% 700 28% 595 600 25 days 11.5 500 575 38% 400 8.3 291 7.1 300 200 151 140 231…
Financial Highlights Disciplined management of the balance sheet through all cycles OAS Revolver & Senior Notes (MM)(1) Senior Notes Maturity Schedule (MM)(1) 10.2% 900 First priority with 2,492 800 2,238 FCF: 2,039 Debt…
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 13% more Investing in our people:…
Midstream 13
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 1Q20 OMP is a premier MLP with peer leading performance Volumes Highlights 300 242 250 230 MMscfpd 12% Adjusted Bighorn Gas 200 225 EBITDA(1) Beat Other 1Q20 Highlights: Volumes 150…
Key Investment Highlights for Oasis Petroleum Premier North American Assets Disciplined Management Operational scale with Top-Tier assets in Deliver moderate growth in 50+ the two best U.S. oil basins environment Large,…
Appendix 18
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…
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…
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