Inventory
- net acres
- Bakken: 414,000
- Delaware: 23,000
Production, 1Q19: Bakken, 86,000 boepd; Delaware, 6,000 boepd
Wells:
- since 2010, over 1,000 wells averaging ~ 10,000 feet of lateral length
- rapidly applying Williston learnings in Delaware
- cycle times down by 15 days
- well costs down from $11.5 million to $10.1 million
- Williston asset producing free cash flow to fund Delaware and OMP growth
- 1,385 top-tier operated locations
- 20+ year inventory life at current rig pace
- top tier prospects
- South Cottonwood
- Wild Basin -- main focus right now
- Indian hills
- Painted Woods
- Red Bank
- Montana
- expanded top-tier with high intensity fracks in step-out areas
- South Cottonwood now added to top-tier inventory
- offset well results (3-month cum bbls of oil per 1,000 feet lateral)
- South Cottonwood
- pre-2016 wells: 2,122
- offset 2016+ wells: 5,146 (up over 100%)
- 2017+ Bakken average: 5,325
- Painted Woods
- pre-2016: 3.028
- OAS recent tests: 6,111 (up over 100%)
- 2017+ Bakken average: 5,325
- Montana
- pre-2016 wells: 2,361
- offset 2016+ wells: 5,048 (up over 100%)
- 2017+ Bakken average: 5,325
Midstream: in the Delaware, midstream development: Panther DevCo
Borrowing: no near-term maturities
- S&P: BB-
- Moody's: B3
- Oasis' MLP
- 2nd largest gas processor in the Williston Basin with the startup of Wild Basin Gas Plant II, December, 2018
- Panther acreage: at the three-county area -- Loving, Winkler, Ward; just west of the Wink Oil Hub
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