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INVESTOR PRESENTATION – Oasis Petroleum Inc.

Oasis Petroleum Inc. · Dec 1, 2012 · 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 December 2012 1 www.oasispetroleum.com
  2. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 2
    Management Years Experience Tommy Nusz President, Chief Executive Former President International Division, VP Acquisitions and Divestitures, VP Officer and Chairman Strategic Planning and Engineering of Burlington Resources 30…
  3. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 3
    Oasis Highlights 88% oil weighted Oil Focused, Pure Play Williston Basin Operator Leading leverage to the Bakken 333,000 net acres in the Bakken / Three Forks (TFS) trend(1) Significant Acreage and Drilling Inventory Identified…
  4. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 4
    Strong Foundation Drives Continued Growth Execution and Scale Average Daily Production Consolidated acreage position (MBoe/d) 2011 Cored up acreage blocks 26.0 30 Secured services to execute on development -28.0 program 24.3…
  5. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 5
    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) 51.6…
  6. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 6
    Multi-Year Remaining Potential Drilling Inventory (1) Gross Operated Drilling Locations Gross Op and Non-Op Drilling Locations 2,000 3,500 1,831 3,182 1,800 243 3,000 464 1,600 243 2,500 464 1,400 957 1,681 1,200 2,000 1,000 595…
  7. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 7
    Inventory Management Increasing Drilling & Completion Efficiencies Drilling Days Improving Drilling days continue to improve 35 Development 29 30 27 Drives incremental drilling efficiencies and cost savings 25 23 Completion 20…
  8. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 8
    Increasing Activity While Driving Down Costs Operated Completion and Rig Activity Well Cost Trends (MM) 40 11.0 10.5 35 34 10.0 9.8 30 29.7 25 9.0 8.8 26 26 20 22 8.0 19.9 20.3 15 17.4 17 7.0 10 13.5 6.0 5 0 5.0 (2) 3Q 4Q…
  9. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 9
    West Williston Overview (1) MONTANA NORTH DAKOTA Key Statistics SHERIDAN WILLIAMS Net Acreage 211,000 Red Bank ROOSEVELT Operated Rigs 6 Target Key Highlights Essentially 100% of the acreage is delineated in the Middle Bakken…
  10. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 10
    East Nesson and Sanish Overview (1) Key Statistics East Nesson Sanish NORTH DAKOTA Net Acreage 114,000 8,000 St. Croix Operated Rigs 4 Non Op BURKE Key Highlights 100% of acreage in East Nesson is delineated in the Middle Bakken,…
  11. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 11
    Three Forks (TFS) Overview (1) TFS in Primary Inventory as of 12/31/11 West Williston East Nesson South Cottonwood similar to Bakken wells SHERIDAN WILLIAMS DIVIDE Indian Hills performance at or slightly below nearby ROOSEVELT BURKE…
  12. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 12
    2012 Infill Program Infill Program Full Infill Pilots in 2012 2012 Overview Foundation for development plan RED BANK Over 35 new gross operated wells included in tests for 1 well patterns and density in 2012 2 Micro-seismic…
  13. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 13
    Oasis Well Services (OWS) 2012 Highlights OWS Hydraulic Pumping Unit Far exceeded original expectations performance and savings First frac job in late March 2012 Averaged 100 stages per month over last 3 months Capital Savings…
  14. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 14
    Salt Water Disposal (SWD) Update West Williston East Nesson Salt Water Disposal (SWD) SHERIDAN WILLIAMS BURKE Focus Area Red Bank, Indian Hills, Hebron, North Cottonwood, and South Cottonwood ROOSEVELT Red Bank Target Capital…
  15. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 15
    Gas Marketing & Infrastructure Gas Marketing and Infrastructure Highlights Net Gas Volumes (MMcf per day) 85% were connected to natural gas infrastructure on 12.0 9/30/12 10.2 Gas infrastructure across all Oasis project areas…
  16. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 16
    Oasis Petroleum Marketing (OPM) Hiland Oil Gathering System and Cottonwood Extension Oil Infrastructure & Marketing Market with 25 different counterparties North Cottonwood Multiple delivery points to nominate oil: MONTANA NORTH…
  17. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 17
    Expanding Takeaway Capacity out of Bakken (1) (MBopd) Production Take-Away Capacity 2,400 2,100 1,800 1,500 1,200 900 August 2012 production: 765M(2) 600 300 Montana Production North Dakota Production - 1H…
  18. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 18
    Improving Operating Cost Structure Drives High Cash Margins Operating Cash Costs ( per Boe) (1) Realized Price and Adjusted EBITDA per Boe 18.00 100.00 87.84 90.00 84.07 85.12 82.44 16.00 82.00 77.77 80.00 14.00 7.76 70.00…
  19. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 19
    2012 Capital Budget (1,062MM) 2012 Capital Budget 2012 E&P Capital Budget (1,022MM) Budget CapEx (MM) Lease Acquisition - 30 E&P Capital Geology - 6 Development Capital 912 Infrastructure - 74 Development Lease Acquisition 30…
  20. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 20
    Strong Liquidity and Management Alignment Strong Balance Sheet & Liquidity Liquidity Position (1) Proceeds from Senior Notes to pre-fund Cash & short-term investments 407MM capital budget Revolver availability 750MM Growing…
  21. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 21
    Investment Highlights Oil focused, pure play in the Williston Basin Large, concentrated acreage position with identified drilling inventory Substantial upside potential with known catalysts Increasing operational efficiencies…
  22. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 22
    APPENDIX 24 www.oasispetroleum.com
  23. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 23
    Middle Bakken Type Curve 25 www.oasispetroleum.com
  24. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 24
    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 30.0 100% 100 50x 95% 96% 93% 90% 94% 91% 92.19 25.0 92% 1.7 80% 80 40x 1.9…
  25. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 25
    Key Metrics by Project Area Delineated Blocks Extensional Areas West Williston East Nesson West Williston East Nesson North South Mondak/ Red Bank Indian Hills Hebron Target Missouri St. Croix Cottonwood Cottonwood Other Net…
  26. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 26
    Williston Inventory (1) PUD Non-Proved Total Primary Inventory Identified Primary Locations Gross Net Gross Net Gross Net WI % Operated Williston West 78 56.5 442 305.6 520 362.2 69.6% East Nesson 42 27.2 188 125.1 230 152.2 66.2%…
  27. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 27
    Bakken / TFS Drilling Program by Project Area(1) Project Areas West Williston East Nesson Sanish Total Bakken / TFS Wells Gross Net Gross Net Gross Net Gross Net Producing on or before 12/31/10: Operated 20 17.0 31 25.8 - - 51…
  28. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 28
    Financial and Operational Results / 2012 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 Production (MBoepd) 5.2 8.1 7.9 11.6 15.2 10.7 17.6 20.4 24.3 26.0-28.0…
  29. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 29
    Risk Management(1) Weighted Average Prices (/Bbl) Type Remaining Term Sub-Floor Floor Cap Swaps BOPD Total Barrels 2012 Full Year Swaps 2 Months (Nov-Dec) 94.61 1,000 61,000 Two-Way Collar 2 Months (Nov-Dec) 88.61 105.59 9,000…
  30. INVESTOR PRESENTATION – Oasis Petroleum Inc. – slide 30
    Key Company Facts / External Support Oasis Petroleum Inc. Exchange / Ticker NYSE / OAS Shares Outstanding 93.4 MM Share Price (close on 11/30/12) 30.22 per share Approx. Market Capitalization 2.8 BN External Support…

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