Building a Strong Sustainable Oasis: Our New E&P Model January 2021 A New Tomorrow, Today A New Tomorrow, Today Nasdaq: OAS
A Stronger Oasis Aligned with Shareholder Interests Returns-Focused ESG Leadership Business Model High Quality Assets Strong Strategic Generating Significant Direction Aligned Free Cash Flow with Shareholders Best-in-Class The…
New Oasis Built for the New Environment New Oasis New Environment Todays Oasis has an industry leading financial profile tailored to the new environment. We are Best-in-class balance sheet (p. 9) Generate free cash flow and focused…
Near-Term Strategic and Financial Priorities Free cash flow generation (after capital program) Planning to return capital to shareholders this year New Business Model Returns above cost of capital and target…
Implementing ESG Initiatives And Best Practices Environmental, Health and Safety Human Capital Governance Best in Class Gas Capture Comprehensive benefits including health New Board of Directors care for employees at every level in…
New Board Driving Our Strategic Plan Independent, Douglas E. Samantha F. John D. N. John Robert J. Cynthia L. Brooks Holroyd Jacobi Lancaster, Jr. McNally Walker experienced and OAS Roles / Board Chair Lead Independent; Chair of…
Generating Significant Cash Flow to Benefit Shareholders 25% 22% 2021E FCF Yield1,2,4,5 20% 19% Invest well within cash flow 17% 17% 16% Rigorous capital discipline focused 15% 13% on corporate level returns 11% Reinvestment rate…
Best-in-Class Balance Sheet Supports New Business Model Net Debt / Annualized 3Q20 Unhedged EBITDAX1 7 6.3 6 5.2 New Capital Structure Highlights2 5 4.6 Equity 3.7 3.8 4 3.5 20MM shares of common stock AVERAGE: 3.1X 2.8 2.9 3…
Driving Better Margins And Increased Capital Productivity Aggressively Managing Proactive E&P Cash G&A 2020 Capital Budget Costs per Boe in 20201 Reductions2 (MM) Reductions3 (MM) 21.59 1.37 17% 595 17.92 3.38 27% 575 2.16 58%…
Bakken Cornerstone Asset Competitive Advantages 404k Net Acres Contiguous core asset with Strong FCF from proven / 87% of OAS production and highly predictable asset 56.1 strong cash margins base Mboepd1 One of the largest Peer leading…
Permian Premier, Multi-Stacked Oil Focused Asset Competitive Advantages 24k Net Acres Repeatable, capital efficient Strong inventory and compelling deployment economics 9.5 Advantaged geologic position Optimizing parent-child Mboepd1…
Midstream Position Generates FCF and Creates Optionality Oasis Midstream Partners (OMP) Position Significant (68%) ownership position in top tier midstream company OMP is a leading owner, developer, operator and acquirer of a…
A Stronger Oasis Aligned with Shareholder Interests Returns-Focused ESG Leadership Business Model High Quality Assets Strong Strategic Generating Significant Direction Aligned Free Cash Flow with Shareholders Best-in-Class The…
Appendix A New Tomorrow, Today Nasdaq: OAS 16
Highly Experienced Management Team Senior management team with extensive expertise in the oil and gas industry NIKO DOUG BROOKS TAYLOR REID MICHAEL LOU Board Chair & Chief President & Chief LORENTZATOS EVP & Chief Financial…
NEO Compensation Aligned with Shareholders Compensation Guiding Principles1,2 Promote strong pay for performance alignment; realized gains will be predicated on both absolute and relative shareholder value creation Vesting schedule…
Incentives Aligned with Long-Term Value Creation1 Vesting Schedule Time-Based 100% 25% 25% 25% 25% RSUs RSUs - 4 year ratable vesting 50% 100% Relative TSR Relative TSR PSU - Peers PSUs vs. 50% 3 year and 50% 4 year vesting…
Oasis 3Q20 Financial and Operational Results See slide 19 for reconciliations Financial Highlights (MM) Key Operating Statistics (MM) Oil Revenues 155.1 Oil Production (Bopd) 43,748 Gas Revenues 14.8 Gas Production (Mcfpd) 130,981…
Reconciliation from Consolidated Financial Statements to E&P Business Adjusting for midstream benefits and credits MM except per unit 2Q20 3Q20 Consolidated() Adjustment1 () E&P() Consolidated() Adjustment1() E&P() Revenue 12.8 (5.6)…
Loading...
