Oasis Petroleum | Diversity Employer

Oasis maintains an intense focus on generating sustainable returns and positive free cash flow. The Company is focused on broad strategic issues including balancing cash returns with growth initiatives all while maintaining operational excellence and sound environmental stewardship.

Oasis is being guided by a diverse, highly engaged new Board comprised of very experienced and well-respected energy industry veterans.

Oasis’ success is driven by its premier operations in the Williston Basin and most importantly through its creative people and culture. We are on the forefront of technology deployment, operational efficiencies, and infrastructure development. Our assets are highly concentrated and are prospective for multiple potential horizons. Our goal is to generate free cash flow and sustainable full cycle returns.

A Resourceful Company

The new Oasis has a strong ESG culture and a best-in-class balance sheet, renewed focus on sustainable returns, rigorous capital discipline and generating positive free cash flow.

Oasis develops unconventional oil and natural gas resources in North Dakota and Montana.

Oasis is the majority owner of Oasis Midstream Partners formed to provide a collection of services including gas gathering and processing, saltwater gathering and disposal services, freshwater services, and crude oil gathering and transport services to Oasis and third parties. On October 26, 2021, Oasis Midstream Partners announced a merger agreement with Crestwood Equity Partners.

Values

EHS Values
At the foundation of what we believe as a company is our desire to do the right thing. While this value is important throughout all facets of our company, it is paramount in addressing health and safety and environmental stewardship. Oasis is committed to the safety and health of the people on our sites and in our communities and to being conscious stewards of the land we operate on and the environment and ecosystems that land supports. To achieve this objective, we utilize:

• Commitment
  At Oasis, we are COMMITTED to the physical safety of our employees, our contractors, and the communities in which we operate. The oilfield can be a fast moving place, but EVERY person on our worksites is empowered to halt operations to address potential safety issues. At the end of the day, we aren’t satisfied with our performance unless EVERYONE GOES HOME in the same condition they arrived.

• Communication
  Oasis operates a flat hierarchy when it comes to safety. If anyone on our worksite, contractor or employee, sees an unsafe condition or circumstance, he or she can bring an abrupt halt to operations to address the issue. We call it stop work authority. Safety is always more efficient than injury, and we don’t just know it; we live it.

• Collaboration
  Utilizing the best loss control consulting in the industry, Oasis continually seeks to develop the best in class procedures to maintain our safety culture. Oasis teams up with our insurance brokers and underwriters to proactively address patterns of safety issues in the oilfield before they come to our door. The smartest people in our industry are those who share their ideas with others and, in turn, listen to learn from others.

• Compliance
  Keeping up to date on the latest compliance requirements can’t be taken for granted. Our EH&S and Regulatory teams continually monitor the industry for new regulatory developments and adapt our processes to integrate them. The long term habitability of the areas we work requires our vigilance in reporting and responding to any incident that threatens the environment. And we regularly conduct internal and external audits of our environmental and safety programs.

• Coordination
  We don’t just hire anyone to work with us. From the day we begin searching for contractors to the day they set foot on our site, we are vetting their safety performance and sharing our Contractor EH&S Requirements guide to ensure they know what is expected from them. Strict adherence to the safety principles and best practices gives us an edge and, not surprisingly, they learn why working for Oasis is personally in their best interests too.

Why Oasis

Oasis is a company formed upon a platform of values. These values inform our decisions and define our culture. We always strive to do the right thing, and are passionate about teamwork, diversity, and succeeding together. The value of Great Assets can only be maximized by also having Great People. Oasis provides a workplace where employees can excel and continue to challenge themselves and grow with the company. Due to the entrepreneurial nature of Oasis’ culture, individuals can make a direct impact and provide innovative and creative solutions to complex situations. Oasis is a place where diversity and teamwork are at the forefront and where lasting relationships are forged – founded on mutual respect.