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RSP Permian Accelerating Wolfcamp, Spraberry Drilling
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RSP Permian, Inc. has reported its results for 2013 as well as updated its recent operations.
Highlights for the Year Ended December 31, 2013 Average production of 7,293 Boe/d in 2013, a 43% increase over 2012's average of 5,089 Boe/d 2013 net income of $41 million, or $0.56 per share, a 148% increase over 2012 net income of $16 million, or $0.23 per share Adjusted EBITDAX of $152 million in 2013, a 57% increase over $97 million in 2012 Proved reserves of 54 million Boe, an increase of 10 million Boe, or 24%, from 2012 proved reserves of 44 million Boe Acquisition of Spanish Trail assets for $155 million Current Activity Update Accelerating drilling program - currently running three operated horizontal rigs and one operated vertical rig in the Midland Basin; fourth operated horizontal…- ✓ Full news archive — U.S., Canada & international coverage
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