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RSP 4Q 2016 Operational Update
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RSP Permian, Inc. reported financial and operating results for the quarter and year ended December 31, 2015, year-end 2015 proved reserves and 2016 capital plan and guidance.
Highlights
4Q15 production increased by 50% to 24.3 MBoe/d (75% oil) as compared to 4Q14 and increased 1% as compared to 3Q15. Full-year 2015 production increased by 77% to 21.0 MBoe/d (75% oil) as compared to 2014 pro forma amounts. Production in 4Q15 was negatively impacted 1.4 MBoe/d, due to a fire at the Company's Cross Bar Ranch production facility in November and by a winter storm in December. The facility was repaired and production fully restored in early 1Q16. 4Q15 adjusted EBITDAX increased by 12% to $74.4 million as compared to 4Q14 and decreased 5% as compared to 3Q15. 4Q15 net loss was $20.8…- ✓ Full news archive — U.S., Canada & international coverage
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