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Permian E&P Sending 8 Rigs To Glasscock, Midland and Loving County in 2017

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Permian E&P Sending 8 Rigs To Glasscock, Midland and Loving County in 2017

RSP Permian provided a 2017 preliminary guidance for the permian basin asset.  The guidance included its drilling plans and capital budget.

As you might remember, the company entered the delaware basin with a big splashing acquiring Silver Hill Energy assets, some 41,000 net acres.

The outline below is from the company November 2, 2016 investor presentation.   The company plans to deploy 4 rigs in the delaware basin on the asset it just acquired and 4 rigs in the midland basin. 

Drilling/Rig Activity (2017 Estimate)

Midland Basin : 4 Rigs Plan Delaware Basin : 4 Rigs Plan (currently operating 2, plan to ramp up to 4)

Drilling & Completion Focus Areas

Midland Basin

Midland County Glasscock County Andrews County Martin County

Delaware Basin

Loving County

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