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INVESTOR PETROLEUM – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Feb 26, 2015 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 1
    FEBRUARY 26, 2015 Investor Presentation
  2. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 2
    Top Pure Play in the Bakken(1) Top tier asset position 505,503 net acres 405 operated DSUs 3,046 gross operated locations 47-49 Mboepd estimated 1Q15 production Proved Reserves 272 MMBoe with PV-10 of 5.5 billion Driving…
  3. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 3
    Premier Asset Position Highlights West Williston East Nesson Concentrated 506k net acres in the core of the Williston Basin Montana North Dakota West Williston: 358k (94) East Nesson: 148k Operational control 97% operated…
  4. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 4
    2014 Highlights Solid Production (Mboepd) Growth1 Continuous Reserve (MMBoe) Growth2 27% Growth 62% CAGR 1 Completed Gross Operated Wells 2014 Focus Items Enhancing returns through completion design Subsurface work…
  5. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 5
    2015 Strategic Agenda 2015 Focus Items Debt Maturity (MM) Manage balance sheet and preserve liquidity Opportunities for asset monetization Strong reserves at YE14 support borrowing base capacity 46MM of cash and 500MM drawn…
  6. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 6
    2015 Plan 2015 Focus Items Annual Average Daily Production (Mboepd) Targeting total CapEx of 705MM in 2015 Flat to 7% Growth Drilling & Completions capital: 565MM Expect modest outspend in 2015 EBITDA slightly above CapEx in 2015…
  7. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 7
    Increasing Confidence in Robust Inventory Spacing by Project Area Description of Inventory Delineation tests and subsurface evaluation have resulted in a better understanding of where lower benches of TFS enhance hydrocarbon…
  8. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 8
    Transition to Deepest Part of Basin End of February 2015 Rig Activity Depth of Inventory Indian Hill and South Cottonwood 72 DSUs 825 remaining locations 701 wells targeting Bakken and TFS1 124 locations are in lower benches…
  9. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 9
    White Unit Slickwater Results Cumulative Production White Unit (Boe) 1 West Williston 200,000 Hagen 180,000 Banks 160,000 Red 140,000 Bank 850 MBoe White 120,000 750 MBoe 100,000 600 MBoe 80,000 Painted Montana Woods 60,000…
  10. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 10
    Completion Optimization Slickwater & High Volume Proppant High Intensity Completions Type Curve Outperformance1 60% Seeing 30% to 50% uplift in early production, which leads 53% to higher near-term cash flow 50% 50% EUR uplift of…
  11. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 11
    Oasis Well Services (OWS) Business Overview OWS Frac Spread Assets include: 2 frac spreads 40,000 horsepower (growing to over 60,000 horsepower) Value of OWS to Oasis Improved quality and predictability of service Provides…
  12. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 12
    Oil and Gas Infrastructure Development(1) Infrastructure Highlights Crude Oil Gathering Infrastructure Crude oil gathering (3rd party system) MONTANA NORTH DAKOTA Realized 9.74 / bbl differential in 4Q14 Provides marketing…
  13. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 13
    Oasis Midstream Services (OMS) OMS Asset Highlights Saltwater Disposal Infrastructure Saltwater gathering lines (over 300 miles) 40% of volume flowing through gathering lines Saltwater disposal (SWD) wells (24 wells) 60% of…
  14. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 14
    Expanding Takeaway Capacity out of Bakken Takeaway Options Takeaway Capacity (Mbopd)1 ANS Clearbrook Brent Guernsey ANS WTI Railroad Pipeline LLS 2016 / 2017 Pipe adds Pipeline and rail provide multiple…
  15. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 15
    Balance Sheet Strong Balance Sheet (12/31/14) and Liquidity Capitalization as of 12/31/14 (MM) Liquidity of 1.04 BN As Reported Current borrowing base of 2.0BN Cash and marketable securities 46 Current elected commitments 1,500…
  16. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 16
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with highly economic inventory Capital discipline strengthens balance sheet & provides operational flexibility Proven…
  17. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 17
    Appendix 18
  18. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 18
    Risk Management1,2 Weighted Average Prices (/Bbl) Remaining Type Sub-Floor Floor Ceiling Swaps BOPD Total Barrels Term 2015 Full Year Swaps Jan - Dec 90.15 10,000 3,650,000 Two-Way Collars Jan - Dec 86.00 103.42 5,000…
  19. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 19
    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…
  20. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 20
    Core Area Type Curves1 Core Area Type Curves (MBoe) 850 Mboe 750 Mboe 600 Mboe Years Illustrative High Low End Hybrid High End Hybrid Intensity Gross Reserves (MBoe) 600 750 850 IP 7 day midpoint (Boepd) 907 1,125…
  21. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 21
    Oil Weighted Production WTI Henry Hub Price Disparity (/bbl to /Mmbtu)(1) Oasis Oil and Gas Production (per MBoepd) Price Ratio MBoepd % Oil 120 60x 60 100% 90% 100 50x 5.3 50 4.9 80% 4.5 4.8 4.6 70% 80 40x 40 3.6 60%…
  22. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 22
    Key Metrics by Project Area Total West Williston East Nesson 2015 CapEx Budget (MM) Williston 1 Net acreage (000s) 358 148 506 Drilling and completion 565 Estimated net PDP - MMBoe1 101.9 44.4 146.3 Oasis Midstream Services (OMS)…
  23. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 23
    Williston Inventory (1) 7 Wells per DSU 10 Wells per DSU 15 Wells per DSU 1) As of 12/31/14 not including non-op properties. Inventory assumes a range of wells per DSU from 7 to 18 wells and is dependent upon area. 2)…
  24. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 24
    Bakken / TFS Drilling Program by Project Area Bakken/Three Forks Producing Wells West Williston East Nesson Total Williston Basin Gross Net Gross Net Gross Net Production started in 2014: Operated 121 87.1 74 60.3 195 147.4…
  25. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 25
    Financial and Operational Results / Guidance Actual Guidance (1) Select Operating Metrics FY 10 FY11 FY12 1Q 13 2Q 13 3Q 13 4Q 13 FY13 1Q 14 2Q 14 3Q 14 4Q 14 FY14 1Q 15 FY15 Production (MBoepd) 5.2 10.7 22.5 30.2 30.2 33.1 42.1 33.9…
  26. INVESTOR PETROLEUM – Oasis Petroleum Inc. – slide 26
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 2/20/15) 102.4 MM Share Price (close on 2/25/15) 15.73 per share Approximate Equity Market Capitalization…

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