Bus Devt: Oasis and the Williston Basin: A Tale of Opportunity, Growth, and Efficient Exploitation

Speaker: Tommy Nusz - CEO, Oasis Petroleum
Speaker Tommy Nusz - CEO, Oasis Petroleum
Tommy is the Chairman and Chief Executive Officer of Oasis Petroleum Inc. He co-founded the Company in 2007 with private equity sponsorship from EnCap. In June of 2010, the Company completed a successful IPO and is listed on the NYSE with the ticker symbol OAS. Oasis is an oil-weighted, upstream, ...

Tommy is the Chairman and Chief Executive Officer of Oasis Petroleum Inc. He co-founded the Company in 2007 with private equity sponsorship from EnCap. In June of 2010, the Company completed a successful IPO and is listed on the NYSE with the ticker symbol OAS. Oasis is an oil-weighted, upstream, independent operator with more than 500,000 net acres in the Williston Basin, focused on drilling in the Bakken/Three Forks formations.  Tommy and his team have built Oasis into a top tier pure Williston player with production of approximately 42 Mboepd and an average annual Total Shareholder Return of over 40% since going public.  


Tommy has over 32 years of industry experience, including over 20 years with Burlington Resources, Inc., where he held various engineering and management positions.


While he was with Burlington, Tommy was responsible for the Burlington corporate planning group which led the strategic assessment and portfolio repositioning initiatives starting in 1998.  Tommy led the Canadian expansion strategy and subsequent acquisitions including both Poco Petroleums and Canadian Hunter.  Overall, both the strategic initiatives and the acquisitions contributed to Burlington being consistently one of the leaders in Total Shareholder Return in its E&P peer group in the years leading up to the $36 billion purchase of Burlington by ConocoPhillips in 2006.


Tommy is a 1982 Petroleum Engineering graduate of Mississippi State University. He is a current member of the National Petroleum Council, a federal advisory committee to the Secretary of Energy of the United States, and he played significant roles in both the 1999 and 2003 NPC studies on North American natural gas.

Full Description

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Host: Simmons

Join us at the Four Seasons Hotel as Oasis Petroleum’s Thomas Nusz discusses the 4 strategic elements that comprise their “Resource Conversion” strategy. These include aggressively developing their Williston basin lease hold position while enhancing returns through focusing on operational and cost efficiencies, adopting and employing leading drilling and completion techniques, and finally, pursuing acquisitions within their core area and other basins consistent with this strategy.

What are the opportunities for (and challenges associated with) downspacing, stacked pay development and increased well density? How has vertical integration impacted operations and costs?

Please join us for this informative discussion. The popular format of a Business & Social Networking hour, with complimentary Hors’ D’ Oeuvres and a cash bar, followed by an hour and a half long program including a Q&A session, will begin at 5:00 pm in the Mezzanine.

When?

Wed, Apr. 30, 2014
5 p.m. - 7 p.m. America/Chicago

How Much?

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Where?

Four Seasons Hotel
1300 Lamar
Houston, Texas 77010
United States

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