Aggressively Drilling the Williston Basin INVESTOR PRESENTATION IPAA OGIS New York April 2013 1 www.oasispetroleum.com
Oil Focused Bakken Operator 89% oil weighted 335,383 net acres in the Bakken / Three Forks (TFS) trend(1) 280 operated spacing units with 14 year potential inventory(1,2) Rapidly growing production and reserves while improving…
2012 Success Sets Foundation for the Future Well costs by 1.7MM (16%) Production by 110% in 2012 to 22,469 Boepd Completed 117 gross operated wells Reserves by 82% in 2012, up to 143 MMBoe Successfully launched and operated…
Large, Concentrated Acreage Blocks(1) Of our 335,383 net acres, approximately 305,000 are core Bakken acres in the heart of the play MONTANA NORTH DAKOTA St. Croix BURKE 87% of core Bakken acres are held by production (13) Three…
Significant Drilling Inventory and Upside Potential (1) Gross Operated Drilling Locations Net Op and Non-Op Drilling Locations 2,020 2,020 2,000 1,532 1,532 1,500 799 1,500 621 1,101 840 1,000 987 234 731 1,000 181 302 219…
Outstanding Production and Reserve Growth Production (MBoepd) Year-end Estimated Net Reserves (MMBoe) 30.0- 35 34.0 160 27.0- 143.3 30 27.6 29.0 140 24.3 120 25 20.4 100 20 17.6 78.7 15.2 80 15 11.6 60 70.0 10 7.5 8.1…
2013 Capital Plan Improving Capital Efficiency 2013 Plan Highlights (MM) Capital Efficiency (MM) CapEx Budget 2013 Drilling and completion 897 12 Infrastructure 43 10.5 Leasehold 25 10 Facilities and other misc. 21 8.8 8.0…
Bakken Overview Key Highlights West Williston East Nesson SHERIDAN WILLIAMS Approximately 90% of the acreage is core in the St. Croix ROOSEVELT Middle Bakken Red Bank BURKE Shifting to full pad development in much of Target…
Three Forks (TFS) Overview (1) TFS in Primary Inventory as of 12/31/12 West Williston East Nesson South Cottonwood, Indian Hills, East Red Bank SHERIDAN WILLIAMS DIVIDE and a portion of North Cottonwood performance St. Croix BURKE…
Transitioning into Full Pad Development during 2013 Pad Operations Illustrative 4 Bakken / 3 TFS well plan Reduce costs 5 to 10% savings compared to single well Improve efficiencies Rig mobilization Frac crew utilization 1280…
Oasis Well Services (OWS) Lowering Well Costs OWS Hydraulic Pumping Unit Exceeded original expectations performance and savings First frac job in late March 2012 Averaged 100 stages per month over last 3 months Capital Savings…
Infrastructure Development Substantially Complete West Williston East Nesson SHERIDAN WILLIAMS BURKE ROOSEVELT Red Bank Target DIVIDE North Established infrastructure Missouri Hebron Cottonwood Indian Non operated position…
Financial Strength Strong Balance Sheet and Liquidity Liquidity and Capitalization (MM) Cash and marketable securities (As of 12/31/12) 239 Liquidity of 1,487MM Current borrowing base (Increased on 4/5/13) 1,250 Borrowings / LCs…
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
Middle Bakken Type Curve 18 www.oasispetroleum.com
Oasis Petroleum Marketing (OPM) Hiland Oil Gathering System Oil Infrastructure & Marketing Market with 25 different counterparties North Cottonwood Multiple delivery points to nominate oil: MONTANA NORTH DAKOTA Rail Pipeline 80%…
Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production Take-Away Capacity 2,400 2,100 1,800 1,500 1,200 900 January 2013 production: 810M(2) 600 300 Montana Production North Dakota Production - 1H…
Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term Sub-Floor Floor Cap Swaps BOPD Total Barrels 2013 Partial Year Put Spread (No Ceiling) 3 Months (Apr-Jun) 65.00 95.00 500 45,500 Swaps 8 Months (May-Dec) 96.39…
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 35.0 100% 95% 96% 93% 90% 30.0 94% 91% 100 50x 92% 91% 80% 94.45 2.5 25.0 1.7…
Key Metrics by Project Area(1) Total Metric West Williston East Nesson Sanish Williston Net Acrea ge 208,062 118,943 8,378 335,383 Es ti ma ted net PDP - MMBoe 44.7 19.2 6.1 70.0 Es ti ma ted net PUD - MMBoe 49.9 22.2 1.2 73.3…
Williston Inventory (1) PUD Non-Proven Total Primary Inventory Identified Primary Locations Gross Net Gross Net Gross Net WI % Operated West Williston 165 118.2 364 240.7 529 358.9 67.8% East Nesson 73 46.6 385 261.7 458 308.3…
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 Total Producing wells on or before 12/31/10: Opera ted 20 17.0 31 25.8 -…
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