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 2Q2020 Results Adjusting to Current Environment Volumes of 54.1 Mboepd; 1/3 Williston volumes 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 1H20 Completions 21 15 36 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 87% 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 Long-term growth engine for Oasis in early stages of…
Capital Discipline Improving Capital Efficiency Efficiencies Driving Down Well Costs Capital Discipline Exceeding Expectations(1) 45% MM 28% 700 11.5 595 22 days 600 38% 500 575 8.3 400 7.1 300 263 200 188 Initial…
Financial Highlights Disciplined management of the balance sheet through all cycles OAS Revolver & Senior Notes (MM)(1) Senior Notes Maturity Schedule (MM)(1) 7.3% 900 First priority with FCF: 800 2,492 2,277 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 flared gas percentage 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…
Key Investment Highlights for Oasis Petroleum Premier North American Assets Disciplined Management Operational scale with Top-Tier assets in the Deliver moderate growth in 50+ two best U.S. oil basins environment Large,…
Appendix 17
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) Guidance Highlights (MM) Oasis OMP Consolidated FY20 Key metrics: Senior Notes 1,825.8 0.0 1,825.8 E&P & Other Capital(3): 248MM - 263MM Revolver 502.0…
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