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INVESTOR PRESENTATION – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Nov 1, 2011 · 30 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 PRESENTATION – Oasis Petroleum Inc. – slide 1
    OASIS PETROLEUM INVESTOR PRESENTATION November 2011 1 www.oasispetroleum.com
  2. INVESTOR PRESENTATION – 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. INVESTOR PRESENTATION – 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. INVESTOR PRESENTATION – 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. INVESTOR PRESENTATION – 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. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 6
    Growing Production Profile Bakken / TFS Drilling Program Average Daily Production (Boe/d) Guidance: Operated highlights through 3Q 2011 Low/High (1) 14,000 24 gross (18.1 net) wells brought on production in 12,500 1H 2011 11,583…
  7. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 7
    East Nesson and Sanish Overview Key Statistics East Nesson Sanish NORTH DAKOTA Net Acreage (1) 102,786 8,729 St. Croix Operated Rigs (2) 2 Non Op 3 Type Curve Range (MBo) (3) 350-600 BURKE Key Highlights Approximately 82% of the…
  8. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 8
    West Williston Overview Key Statistics MONTANA NORTH DAKOTA Net Acreage (1) 191,716 SHERIDAN Red Bank WILLIAMS Operated Rigs (2) 7 ROOSEVELT Type Curve Range (MBo) (3) 400 - 700 Target Key Highlights Approximately 70% of the acreage…
  9. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 9
    West Williston - Three Forks Overview (1) 2011 Three Forks Activity MONTANA NORTH DAKOTA 6 to 7 wells planned to be spud in 2011 SHERIDAN Red Bank WILLIAMS 3 wells on production ROOSEVELT 1 well waiting on completion in Indian…
  10. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 10
    Increasing Stages Yields EUR and Production Growth Impact of increasing stages South Cottonwood Cost per stage 120,000 Recovery per stage 12M-25M Bbl 5-10 per Bbl finding cost Tests completed South Cottonwood, North Cottonwood…
  11. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 11
    Inventory Management Well costs for plug & perf, 36 stage completion 8.5MM for all sand 9.2MM to 9.4MM for ceramic/sand mix Contracting services Rigs Ran 7 operated rigs in 1st 3 quarters of 2011 8th and 9th rigs started in 4Q…
  12. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 12
    Oasis Well Services (OWS) Rationale One frac spread, initially Inventory management More predictable cost of service Surety, consistency, and continuous improvement of the service Increased confidence in resource potential in…
  13. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 13
    Infrastructure Development West Williston East Nesson SHERIDAN WILLIAMS BURKE ROOSEVELT Red Bank St. Croix Target DIVIDE North Planned infrastructure Missouri Hebron Cottonwood Indian No infrastructure Hills MOUNTRAIL…
  14. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 14
    Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production Take-Away Capacity 1,800 1,600 1,400 1,200 1,000 800 600 3Q 2011 Estimated Takeaway Capacity: 553,000 August 2011 Production: 507,000 400 200…
  15. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 15
    2011 Capital Budget (627MM) (1) 2011 E&P Capital Budget (587MM) 2011 Development Capital (527MM) Drilling and completing, completion Lease Acquisition - 19 optimization, and carry-in/carry-out Geology - 6 Drilling 73 gross…
  16. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 16
    Strong Liquidity and Management Alignment Strong Balance Sheet & Liquidity Liquidity Position Capital from Senior Notes pre-funds Cash & short-term investments (1) 288.5MM 2012 and a portion of 2013 As adjusted Cash & ST…
  17. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 17
    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 with…
  18. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 18
    APPENDIX 19 www.oasispetroleum.com
  19. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 19
    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…
  20. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 20
    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…
  21. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 21
    West Williston Detail Delineated Blocks Red Bank Indian Hills Hebron MONTANA NORTH DAKOTA Net Acreage (000s) (1) 63 23 45 SHERIDAN Red Bank WILLIAMS Operated Rigs 3 2 2 ROOSEVELT 6 Operated Wells Budgeted in 2011 27 19 9 5 Type Curve…
  22. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 22
    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…
  23. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 23
    Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production Take-Away Capacity 1,800 Kinder Morgan: Cochin Hess: Rail Expansion 1,600 Plains: BNPL Expansion Enbridge: Bakken Expansion Project 1,400 TransCanada Pipeline…
  24. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 24
    Key Metrics by Project Area Metric West Williston East Nesson Sanish Total Williston Net Acreage (1) 191,716 102,786 8,729 303,231 Identified Drilling Locations - Gross (1) 859 255 189 1,303 Identified Drilling Locations - Net (1)…
  25. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 25
    Williston Basin Production History (Boepd) West Williston East Nesson 8,000 7,567 8,000 7,000 7,000 6,000 6,000 5,000 4,302 4,386 5,000 4,000 3,366 6,860 4,000 3,000 2,327 3,000 2,295 2,158 2,220 3,589 3,730 1,681 1,975 2,000…
  26. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 26
    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 - - -…
  27. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 27
    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 (1) Producing Wells Producing on or before 12/31/10: Operated 20 17.0…
  28. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 28
    Financial and Operational Results / 2011 Guidance Actual Estimate Guidance Metrics 1Q 10 2Q 10 3Q 10 4Q 10 FY 10 1Q 11 2Q 11 3Q 11 FY 11(1) Production (Boepd) 3,295 4,461 5,507 7,511 5,206 8,090 7,893 11,583 11,000 12,500 LOE…
  29. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 29
    Risk Management(1) Critical Prices (/Barrel) Type Remaining Term Sub-Floor Floor Wtd. Avg. Ceiling Bopd Two-Way Collar 2 Months (Nov-Dec) 60.00 80.25 448 Two-Way Collar 2 Months (Nov-Dec) 70.00 98.85 400 Two-Way Collar 2 Months…
  30. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 30
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding 92.4 MM Share Price (close on 10/31/11) 29.34 per share Approx. Market Capitalization 2.7 BN External Support…

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