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Tuesday, May 10, 2016

Oasis: Investor Presentation -- 1Q16 -- May 10, 2016

Link here (dynamic, obviously).

20 slides.

Inventory:
  • 485,000 net acres (vs 506K 1Q14)
  • 91% held by production
  • 97% operated
  • 607 remaining locations; economic at current prices 
  • Bakken + TFS1 = 13 years of remaining inventory
Core:
  • Wild Basin (east of Indian Hills
  • Indian Hills
  • Alger
Extended Core
Fairway
Production
  • basically flat for 6 consecutive quarters, aove 50 Mboepd
  • 1Q16: 50.3 Mboepd
LOE, 1Q16: $6.78/Boe; lowest since 2012
CWC: $6.5 million; down from $10.6 million in 2014; eyeing another 5 - 10% reduction in CWC
Orderly drop in number of active rigs:
  • 4Q14: 16
  • 1Q15: 5
  • 4Q15: 3
  • 1Q16: 2 (and holding)
Average spud to rig release (days, rounded):
2014: 22 days
1Q15: 22 days
4Q15: 17 days
1Q16: 16 days

EUR:
  • Bakken: 1.05 million boe
  • TFS: 875,000 boe

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