Oasis Corporate Presentation -- June, 2014

Oasis presentations are found here.

28 slides in the June, 2014, presentation.

Slide 3:

• 506,960 acres
• proved reserves: 219 million boe  [219,000,000/506,960 = 430 bbls/acre x 1280 long lateral = 550K EUR]
• 3,590 gross operated locations
• ~ 17 years of inventory

Slide 7: 2014 focus

• inventory acceleration with 16 rigs [16 x 10 = 160 wells/year]
• optimizing downspacing
• further TFS delineation
• full DSU development (MB, TFS 1, 2, and 3)
• MB: 46% of drilling
• TFS 1: 40%
• TFS 2: 11%
• TFS 3: 4%
• net: 155.5 wells x 4% = 6 wells

Slide 8: 2014 rig allocation

• MT: 2
• ND, north of Williston: 4
• ND, Williston area: 4
• ND, Burke: 2
• ND, Mountrail: 4

Slide 9: 2014 completion techniques

• completing ~ 60% of wells in 2H14 with alternative completion techniques
• slickwater
• proppant mix / amount
• coil tubing completions
• White unit: 2MB, 2 TFS1, 2 TFS2, 2 TFS 3
• effective 4 - 5 well per formation spacing

Slide 10: Indian Hills results

• without slickwater: 70,000 bbls in 90 days
• with slickwater: 80,000 bbls in 90 days
• Indian Hills 750,000 boe EUR type curve

Slide 11: well costs and EURs

• 2012: $9.7 million
• 4Q13: $7.9 million
• 1Q14: $7.6 million
• across the Bakken: 450,000 to 750,000 boe EURs
• IRR@ $90/bbl WTI: 56% to 62% (60%)

Slide 13: lower TFS -- very encouraging

• range: 400K to 600K EURs
• 150 days: 60 - 80K

Slide 15: Oasis Well Services

• 2nd frack spread to ramp to 100% utilization by 2H14
• 2 spreads will complete 50 - 60% of Oasis operated well
• can complete four wells simultaneously

Slide 16: crude oil gathering infrastructure

• slide shows significant 3Q14 acquisition; first time I noticed this
• 3Q14 acquisition, areas of: Foreman Butte, Indian Hills, Painted Woods, and North Cottonwood

Slide 17: balance sheet

• strong balance sheet and liquidity
• no near-term debt maturities
• divested non-operated properties for ~$322 million