News Releases

HOUSTON, Aug. 16 /PRNewswire-FirstCall/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that Tommy Nusz, Chairman, President and Chief Executive Officer, will present at EnerCom's The Oil & Gas Conference® in Denver, Colorado, on Monday, August 23, 2010 at 11:20 a.m. Mountain Time.

A link to the live webcast presentation will be available at www.oasispetroleum.com and at The Oil and Gas Conference® website at http://theoilandgasconference.com/webcast.shtml. A replay of the presentation will also be available on the Company's website for approximately 30 days following the event.

About Oasis Petroleum Inc.

Oasis is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources, primarily focused in the Williston Basin. For more information, please visit our website at www.oasispetroleum.com.

Contact:

Oasis Petroleum Inc.

Richard Robuck, (713) 481-0435

Director � Investor Relations

SOURCE Oasis Petroleum Inc.