News Releases

May 2, 2011
Oasis to Announce First Quarter 2011 Results and Announces Participation in Upcoming Conferences

HOUSTON, May 2, 2011 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") plans to issue its press release announcing first quarter 2011 financial and operational results on Wednesday, May 11, 2011 after the close of trading on the NYSE. Additionally, the Company will host a conference call on Thursday, May 12, 2011 at 10:00 a.m. Central Time to discuss its first quarter 2011 financial and operational results. Investors, analysts and other interested parties are invited to listen to the conference call via the Company's website at or by dialing (877) 621-0256 (US participants) or (706) 634-0151 (International participants) with the Conference ID of 62640075. A recording of the conference call will be available by dialing (800) 642-1687 (US participants) or (706) 645-9291 (International participants) using the Conference ID of 62640075 beginning at 1:00 p.m. Central Time on the day of the call until Thursday, May 19, 2011. The conference call will also be available for replay for approximately 30 days at

The Company also announced today that management is scheduled to participate in the following energy conferences and investor events:

Goldman Sachs Midwest Small Cap One-on-One Conference to be held on May 18, 2011 in Chicago, IL.
Management will be participating in a Bakken Panel at Credit Suisse's Unlocking Liquids Conference on May 19, 2011 at 9:00 a.m. Eastern Time in New York, NY.
Management will be presenting at Hart Energy's 2nd Annual Developing Unconventional Oil Conference & Exhibition on May 24, 2011 at 10:30 a.m. Mountain Time in Denver, CO.
Management will be presenting at UBS' Global Oil and Gas Conference on May 25, 2011 at 11:55 a.m. Central Time in Austin, TX.

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 operating in the Williston Basin. For more information, please visit the Company's website at

Oasis Petroleum Inc.
Richard Robuck, (281) 404-9600
Director � Investor Relations

SOURCE Oasis Petroleum Inc.

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