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Oasis Petroleum
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November 2016 Investor Presentation
| Tommy Nusz | Page 9 of 11 |
November 23, 2024
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"November 2016 Investor Presentation"
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23 34 46 50 4 62 70 0 10 20 30 40 50 60 70 80 0 2012 2013 2014 2015 2016 YTD YE 2016 PF Exit 2017E Exit 2018E Exit Mboepd Historicial Estimated Growth within Cash Flow Path to Continued Growth Base plan: 2 rig program drilling in Wild Basin Pending Acquisition expected to add ~12 MBoepd to YE 2016 production Runway for production growth within cash flow ? Plans to add up to two additional rigs in 2017 if WTI prices are at or above $50 WTI ? Expect to add a 5th rig in 2018 ? Opportunity to grow OMS and OWS Mid-teens production growth CAGRs through 2018 ? Absolute production growth of >65% 3Q16 to YE 2018 Upside to Plan Production Growth Profile Active completion testing program with potential for increased recoveries and improved capital efficiency Currently focused on: ? Higher sand loadings ? Improved proppant placement (precision fracs, increased stage counts, proppant suspension) ~80 gross operated Drilled Uncompleted (“DUC”) Wells as of /30/16 ? Wells set up for high intensity completions ? Wells are highly economic at current strip (~$3.5MM completion cost) ? ~80% of DUCs in core >80