INVESTOR PRESENTATION September 2014 1 www.oasispetroleum.com
Top Pure Play in the Bakken(1) Top tier asset position 506,960 net acres 3,590 Gross operated locations 403 Operated drill blocks 17 years of inventory(2) Production on target with a strong reserve base Q2 2014 production 43.7…
Large, Concentrated Acreage Blocks(1) Highlights West Williston East Nesson Concentrated position in Williston Basin: Montana North Dakota 507k net acres West Williston: 362K net acres (92) East Nesson: 145K net acres…
Company Growth Average Daily Production Estimated Net Proved Reserves Remaining Drilling Locations(1) (MBoepd)(2) (MMBoe)(4) 4,000 60 250 3,590 3,500 46-50 50 219.3 200 3,000 2,616 40 2,500 33.9 150 2,020 2,000 143.3 30…
2014 Plan 2014 Focus Items 2014 Guidance Inventory acceleration with 16 rigs Metric 2014 Range Production (MBoepd) Full field development with best practices Full Year 2014 46.0 - 50.0 3Q14 47.0 - 49.0 Optimizing downspacing Full…
Development Program Capital Discipline 2014 Rig Allocation Rig allocation designed to: Maximize asset value Increase returns across inventory portfolio Balance infrastructure capacity MONTANA NORTH DAKOTA Approximately 60% of…
Attractive Well Costs and Economics Lowering Well Costs Base Design Compelling Well Economics (MM) Oasis Bakken EURs vary across our acreage 10 9.7 position from 450 MBoe to 750 MBoe 9.4 7.9 8 7.6 Oasis applies different…
Attractive Economics Across Acreage Position Driving Returns Across the Position Hebron Actual Production Results (Boe) Oasis well costs and completion techniques drive strong 40,000 economics across all bands of the type curve…
Lower Three Forks Activity Improving Inventory Potential Lower TFS Activity Preliminary results from producing lower bench TFS wells are very encouraging Oasis expects to complete 30 wells in TFS 2 and TFS MONTANA NORTH North 3 in…
Completion Optimization Completion Summary High Intensity Completions Completing 70% of wells in 2H14 with alternative Economic results or 2014 planned slickwater completion techniques and/or high sand proppant completions Red Bank…
Oasis Well Services (OWS) OWS savings per well 2014 Plan (MMs) 0.5 2nd frac spread at 100% utilization in August 2014 0.4 0.40 2 spreads will complete 30-40% of Oasis 0.35 completions 0.3 0.25 Visible inventory for multiple…
Infrastructure Development(1) Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 8.3% differential in 2Q14 Provides marketing flexibility to access to 3…
Expanding Takeaway Capacity out of Bakken Takeaway Options Takeaway Capacity(1) (MBOPD) ANS 3,500 Clearbrook 3,000 2,500 Brent 2,000 Guernsey ANS 1,500 1,000 WTI 500 - Railroad 2010 2011 2012 2013 2014 2015 2016…
Balance Sheet Strong Balance Sheet and Liquidity Liquidity and Capitalization as of 6/30/14 (MM) Liquidity of 1.4 BN Cash and marketable securities 27 Borrowing base of 1.75BN Current elected commitments 1,500 Elected commitments…
Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with increasing identified drilling inventory Substantial upside potential with known catalysts Improving capital and…
APPENDIX 17 www.oasispetroleum.com
Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term Sub-Floor Floor Ceiling Swaps BOPD Total Barrels 2014 Full Year Swaps Jul - Dec 95.90 9,500 1,738,500 Swaps w/Sub-Floor Jul - Dec 70.00 92.60 6,000 1,098,000…
Type Curves in Williston Basin(1) Middle Bakken Type Curve (MBoe) TFS Type Curve (MBoe) High Midpoint High Low Midpoint Low Years Years Middle Bakken Type Curve Metrics TFS Type Curve Low End Midpoint High End Low End…
Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu)(1) Oasis Oil and Gas Production (per MBoe) Price Ratio MBoepd % Oil 120 60x 50 100% 45 90% 4.6 100 50x 4.5 4.8 40 80% 95.96 35 3.6 70% 80 40x 2.8 2.6…
Key Metrics by Project Area Total West Williston East Nesson 2014 CapEx Budget (MM) Williston (1) Net a crea ge (000s ) 362 145 507 Dri l l i ng a nd compl etion 1,250 (1) Es tima ted net PDP - MMBoe 79.5 34.3 113.7 Oa s i s Mi ds…
Williston Inventory (1) Gross Net Bakken TFS Total Bakken TFS Total Operated PUD Wells West Williston 201 53 254 134 33 167 East Nesson 85 19 104 61 12 73 Total PUD Wells 286 72 358 195 45 240 Non-Proven Wells West Williston 829…
Bakken / TFS Drilling Program by Project Area(1) Bakken / Three Forks Producing Wells West Williston East Nesson Total Williston Basin Gross Net Gross Net Gross Net Producing on or before 3/31/14 Operated 338 260.1 158 125.0 496…
Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 6/30/13) 101.3 MM Share Price (close on 8/29/14) 49.19 per share Approximate Equity Market Capitalization…
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