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Permian Operator To Spend $400 Millon On 50 Wells
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RSP Permian, Inc. announced its Board of Directors has approved a $400 million to $450 million capital budget for 2015 (an increase from its 2014 budget of $361 million).
2015 Production OutlookIn 2015, RSP expects production to average between 17,500 and 18,500 Boe/d, or a 49% to 57% year-over-year growth rate from the mid-point of its previously provided 2014 expected production range. The outlook for 2015 reflects the impact of severe winter storms that hit the Permian Basin and affected the Company's production and drilling operations in early 2015. The weather had a minimal impact on fourth quarter 2014 production.
2015 Capital BudgetAt the mid-point of the capital budget range, RSP expects to spend $400 million on drilling and completion activities…
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