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RSP Permian Adds Third Completion Crew; IDs Latest Wolfcamp, Spraberry, Bone Spring IPs

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RSP Permian Adds Third Completion Crew; IDs Latest Wolfcamp, Spraberry, Bone Spring IPs

RSP Permian reported its Q1 2018 results.

Highlights:

- Q1 2018 production of 62.8 MBOEPD (up +39% YOY and flat from 4Q17)

- Brought in a spot completion crew in late January, replaced by third full-time crew in April

Completed 31 gross operated wells during the first quarter of 2018 Exited the quarter with production exceeding 70 MBoe/d Delaware Basin

Key Q1 Well Results:

The Boyd 28 11 1H Wolfcamp XY, our furthest south Delaware completion to date, established a peak 30-day average rate of 1,526 Boe/d or 324 Boe/d per 1,000' (71% oil) The State Rudd Draw 26-25-2H Wolfcamp XY well established a peak 30-day average rate of 2,289 Boe/d or 271 Boe/d per 1,000' (71% oil) The Ludeman 202H 2nd Bone Spring well established a peak 30-day average rate of 1,013 Boe/d or 141 Boe/d per…
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