Oasis Presentation -- January, 2017, Presentation

Wow, this is timely -- after all the recent posts about Oasis, natural gas processing, and pipelines, a reader just forwarded this Oasis January, 2017, presentation.

I posted much of this data when the presentation first came out but it's interesting to look at it again.

Data points, with emphasis on the Bakken; go to the linked presentation for more on the Delaware (Permian). Much of this was previously posted from a previous presentation, so much of it will not be repeated, (some personal comments):

• top tier assets: Permian and Bakken
• Williston:
• 518K net acres
• >90% held by production
• inventory substantially all operated; Williston, 100%; Permian, 90%
• 1,614 locations economic @$45 WTI and lower in the Williston Basin
• (1,614 locations at current max rate of drilling/completing: 14 years of inventory; but remember, these 1,614 locations are those that are economic at $45)
• core Bakken production continues to improve; >70 mboepd in October; 72 mboepd in November, already surpassing planned 2017 exit rate
• exit rate for 2018:
• Williston: 83+ mboepd
• Delaware (Permian): 5 mboepd
• 2018 development plan:
• Williston
• expect to drill and complete 100 - 120 operated wells 
• 5 rigs throughout the year
• wells costs about $7 million (less for 4mmlb; more for 10mmlb) 
• 120 wells x $7 million = $840 million
• Permian
• expect to drill 16 to 20 wells; complete 6 to 8 wells
• 1 rigs initially with potential to add a second in 2H18

By the way compare the Oasis drilling plan with that of Hess:

• Hess Corporation will spend $900 million to drill 120 wells with six drilling rigs and completing 85 wells in 2018 in the Bakken

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Faces In The Crowd