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Bakken Taylor Reid – Oasis Petroleum Inc.

Oasis Petroleum Inc. · May 1, 2011 · 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. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 1
    OASIS PETROLEUM INVESTOR PRESENTATION May 2011 1 www.oasispetroleum.com
  2. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 2
    Management Years Experience Tommy Nusz Former President International Division, VP Acquisitions and Divestitures, President, Chief Executive VP Strategic Planning and Engineering of Burlington Resources 29 Officer and…
  3. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 3
    Oasis Highlights Key Highlights Comment Oil Focused, Pure Play Bakken 92% oil weighted Operator Leading leverage to the Bakken Significant Acreage and Drilling Over 303,000 net acres in the Bakken / Three Forks (TFS) trend…
  4. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 4
    Large, Concentrated Acreage Blocks MONTANA NORTH DAKOTA BURKE DIVIDE WILLIAMS SHERIDAN ROOSEVELT MCKENZIE MOUNTRAIL RICHLAND Key Metrics West Williston East Nesson Sanish Total Williston Proved Reserves (1) 22.9 MMBoe…
  5. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 5
    Multi-Year Potential Drilling Inventory Oasis Potential Gross Drilling Locations (1) Inventory Statistics 2,800 1,081 total net potential locations 2,400 90% operated 2,000 63% average working 1,288 interest in operated 1,600…
  6. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 6
    Growing Production Profile Drilling Program Average Daily Production Operated highlights for 1Q 2011 (Boe/d) 14,000 8 gross (5.5 net) wells brought on production in 12,500 1Q 2011 12,000 11,200 23 gross (17.4 net) wells waiting on…
  7. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 7
    Illustrative Middle Bakken / TFS Type Curves 30% Increase in frac stages leads to 20 to 30% increase in EURs West Williston East Nesson 1,000 1,000 Oil Rate (Bopd) 100 100 20% 20% -30% -30% 10 10 0 12 24 36 48 60 72 84…
  8. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 8
    West Williston Overview Key Statistics MONTANA MONTANA NORTH NORTH DAKOTA DAKOTA (1) Net Acreage 191,716 SHERIDAN Red Bank (2) SHERIDAN WILLIAMS Operated Rigs 6 WILLIAMS ROOSEVELT ROOSEVELT Target 6 5 Key Highlights Target Red…
  9. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 9
    East Nesson and Sanish Overview Key Statistics East Nesson Sanish NORTH DAKOTA (1) Net Acreage 102,786 8,729 St. Croix Operated Rigs throughout 2011 1 Non Op 3 BURKE Key Highlights Approximately 82% of the acreage is delineated…
  10. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 10
    Inventory Management Well Costs 8.5 -9.0 million for 36 stage completion Contracting Services Two dedicated frac crews Negotiating with providers to secure 3rd frac crew in 3Q 11 Running 7 operated rigs Current Pad Ability to…
  11. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 11
    Infrastructure Development West Williston East Nesson SHERIDAN WILLIAMS BURKE ROOSEVELT Red Bank St. Croix Target DIVIDE Planned infrastructure Missouri Hebron WILLIAMS Indian No infrastructure Hills currently planned…
  12. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 12
    2011 Capital Budget 2011 E&P Capital Budget (490MM) 2011 Development Capital (441MM) Drilling and completing, completion optimization, and carry-in/carry-out Drilling 69 gross operated wells in 2011 Geology 9 46.8 net operated…
  13. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 13
    Strong Liquidity and Management Alignment Strong Balance Sheet & Liquidity Liquidity Position (1) Additional capital from Senior Notes Cash & short-term investments 470.0MM pre-funds 2011 and a portion of 2012 Revolver availability…
  14. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 14
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with identified drilling inventory Substantial upside potential with known catalysts Growing production profile…
  15. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 15
    APPENDIX 16 www.oasispetroleum.com
  16. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 16
    Williston Inventory PUD Non-Proved Primary Locations Primary Inventory (1) (2) Gross Net Gross Net Gross Net WI % Operated West Williston 47 32.2 522 333.4 569 365.6 64.3% East Nesson 23 14.9 180 105.5 203 120.4 59.3% Sanish - - -…
  17. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 17
    Williston Basin Production History (Boepd) West Williston East Nesson 5,000 2,500 2,295 4,302 2,158 4,000 2,000 3,366 1,681 1,544 3,000 1,500 2,327 1,037 3,589 2,000 1,481 2,696 1,000 1,078 1,654 1,000 302 741 500 776…
  18. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 18
    Bakken / TFS Drilling Program by Project Area Project Areas West Williston East Nesson Sanish Total Bakken / TFS Wells Gross Net Gross Net Gross Net Gross Net Producing Wells: Producing on or before 12/31/10 Operated 20 17.0 31…
  19. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 19
    West Williston Detail Delineated Blocks MONTANA NORTH DAKOTA Red Bank Indian Hills Hebron Net Acreage (000s) (1) 63 23 45 SHERIDAN Red Bank WILLIAMS ROOSEVELT Operated Rigs throughout 2011 3 2 1 Target 6 5 Operated Wells Budgeted…
  20. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 20
    Infrastructure Development Details Crude Oil Gathering Gas and Liquids Gathering Salt Water Disposal (SWD) Focus Area Red Bank, Indian Hills, Red Bank, Indian Hills, Red Bank, Indian Hills, Hebron Hebron, Cottonwood Hebron,…
  21. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 21
    Expanding Takeaway Capacity (1) (MBopd) Production Take-Away Capacity 1,600 Kinder Morgan: Cochin 1,400 Hess: Rail Expansion Plains: BNPL Expansion Enbridge: Bakken Expansion Project 1,200 TransCanada Pipeline (Bakken…
  22. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 22
    Risk Management (1) Risk Management Strategy Over the next two years, the Company expects to more aggressively hedge production in order to protect its near- term drilling program Critical Prices (/Barrel) Type Remaining Term…
  23. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 23
    Financial and Operational Results / 2011 Guidance Actual Estimate (1) Guidance Metrics 1Q 10 2Q 10 3Q 10 4Q 10 FY 10 1Q 11 2Q 11 FY 11 9,800 - 11,000 Production (Boepd) 3,295 4,461 5,507 7,511 5,206 8,090 11,200 12,500 5.00 -…
  24. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 24
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding 92.4MM Share Price (close on 4/29/11) 30.73 per share Approx. Market Capitalization 2.8 BN External Support Financial…
  25. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 25
    Strategy to Deliver Growth Continued development of our extensive Williston Basin leasehold position 1,303 gross identified drilling locations(1) primarily focused on the Bakken Substantial incremental resource potential through…
  26. Bakken Taylor Reid – Oasis Petroleum Inc. – slide 26
    Technological Evolution Driving Resource Recovery Evolution of Completion Techniques More operators moving Longer Laterals from 4-5,000 ft laterals (640 Increasing lateral lengths and number of frac stages. acre spacing…

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