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Oasis Petroleum Inc Appointment

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Oasis Petroleum Inc has appointed Marguerite Woung-Chapman to the board of directors, effective immediately.

Ms Woung-Chapman will serve on the board’s compensation committee as well as its nominating, environmental, social & governance committee.

With the addition of Woung-Chapman, the Oasis board now comprises eight directors, seven of whom are independent.

Oasis remains committed to regular director refreshment to ensure that its board has the skillsets, independence and diversity to effectively oversee the company’s strategy and operations.

Douglas E Brooks, board chair, said: “It is a privilege to welcome Marguerite Woung-Chapman as an independent director to the Oasis board.

Her extensive energy industry experience and expertise across corporate governance, regulatory matters and compliance will be extremely valuable.

“We look forward to benefitting from her unique perspectives as we continue advancing Oasis’ transformation and delivering value for shareholders.”

Woung-Chapman brings valuable and extensive experience in all aspects of management and strategic direction of publicly traded energy companies, including a unique combination of corporate governance, regulatory, compliance, corporate and asset transactions, legal and business administration experience.

She currently serves as a director of the general partner of Summit Midstream Partners LP and chair of its corporate governance and nominating committee.

Previously, Woung-Chapman served as senior vice president, general counsel and corporate secretary at Energy XXI Gulf Coast Inc, a NASDAQ-listed independent exploration and production company in the US Gulf Coast Region.

Prior to that, from 2012 to 2017, she served in various capacities at EP Energy Corporation, an NYSE-listed independent oil and gas exploration and production company, including as senior vice president, land administration, general counsel and corporate secretary.

From 1991 until 2012 she served in various capacities of increasing responsibility with El Paso Corporation and its predecessors, including as vice president, legal shared services, corporate secretary and chief governance officer.

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