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IPAA OGIS NEW YORK – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Apr 16, 2013 · 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. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 1
    Aggressively Drilling the Williston Basin INVESTOR PRESENTATION IPAA OGIS New York April 2013 1 www.oasispetroleum.com
  2. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 2
    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…
  3. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 3
    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…
  4. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 4
    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…
  5. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 5
    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…
  6. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 6
    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…
  7. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 7
    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…
  8. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 8
    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…
  9. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 9
    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…
  10. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 10
    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…
  11. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 11
    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…
  12. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 12
    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…
  13. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 13
    Multiple Transportation Options Drive Higher Realizations Williston Basin Oil Transportation(1)) Williston Basin Destination Options) Railroad 8% ANS Pipeline 27% Clearbrook Brent Guernsey ANS 1% WTI 64% LLS Pipe Truck…
  14. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 14
    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…
  15. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 15
    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…
  16. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 16
    APPENDIX 17 www.oasispetroleum.com
  17. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 17
    Middle Bakken Type Curve 18 www.oasispetroleum.com
  18. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 18
    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%…
  19. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 19
    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…
  20. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 20
    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…
  21. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 21
    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…
  22. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 22
    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…
  23. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 23
    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…
  24. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 24
    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 -…
  25. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 25
    Financial and Operational Results / Guidance Actual Guidance (1) Select Operating Metrics FY 10 1Q 11 2Q 11 3Q 11 4Q 11 FY11 1Q 12 2Q 12 3Q 12 4Q 12 FY12 FY13 Production (MBoepd) 5.2 8.1 7.9 11.6 15.2 10.7 17.6 20.4 24.3 27.6 22.5…
  26. IPAA OGIS NEW YORK – Oasis Petroleum Inc. – slide 26
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding (as of 3/1/13) 93.6 MM Share Price (close on 4/11/13) 36.42 per share Approximate Equity Market Capitalization 3.4 BN…

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