Oasis entered the Permian Basin in December of 2017. The company’s search for oily, over-pressured, core inventory that would complement the world-class Bakken asset brought the Oasis to West Texas. The Permian acreage is truly “core of the core” and in the best, most highly valued portion of the Basin. Highly contiguous blocks of acreage allow for long lateral development, and deep, multi-stacked productive oil-bearing formations provide a platform for future efficient resource development. Oasis counts four primary stacked zones in its core inventory, with vast potential upside from four additional zones.