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RSP Downspacing Lower Spraberry, Outlines 2017 Guidance
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RSP Permian reported its third quarter 2016 results
2017 Guidance Estimated net daily production in 2017 to average in the range of 52.0 - 56.0 MBoe/d, 86% above 2016 mid-point guidance. Preliminary 2017 drilling and completion budget expected to be in the range of $520 - $560 million, with a total capital expenditure budget, including infrastructure and workovers, expected to be $570 - $630 million Enhanced hedge positions to 53% of expected 4Q 2016 oil production and 56% of preliminary 2017 oil production at mid-point, at weighted average floor prices of $43.49/Bbl and $44.63/Bbl, respectively ProductionProduction increased by 24% to 29.8 MBoe/d as compared to 3Q15 and increased by 13% as compared to 2Q16
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