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RSP Increases Capex for Denser Permian Development
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RSP Permian, Inc. has announced second quarter production, an increase to its previous production and capital expenditure outlook for 2014, an increase in its horizontal inventory, an expanded borrowing base under its credit facility, updated hedging and liquidity positions, and an update to its drilling operations.
Highlights Strong Production Growth - Q2 2014 average daily production increased 15% sequentially over Q1 2014 production to 10,714 Boe/d and increased 43% over Q2 2013 production Accelerating Drilling Program - Contracted the fifth horizontal drilling rig and finalizing terms on a sixth horizontal rig, which are expected to arrive in late Q4 2014 and mid-Q1 2015, respectively Updated 2014 Outlook - Increased 2014 production outlook to a range of 11,500 -12,000 Boe/d and…- ✓ Full news archive — U.S., Canada & international coverage
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