Exploration & Production | Operational Updates | Well Lateral Length | Rig Count | Quarterly / Earnings Reports | First Quarter (1Q) Update | Financial Results | Capital Markets | Private Equity Activity | Drilling Contractor
RSP Permian Defers Completions in 1Q; Ups Rig Count to Five
Print
|
RSP Permian, Inc. announced financial and operating results for the quarter ended March 31, 2015.
First Quarter 2015 Highlights: Production increased by 86% to 15.9 MBoe/d as compared to 1Q14 Exit production rate was 17.7 MBoe/d, a 11% increase over 1Q15 average Adjusted EBITDAX increased by 45% to $59.8 million as compared to 1Q14 Net loss of $1.0 million, or ($0.01) per diluted share. Includes a $17.1 million non-cash loss on derivatives. Adjusted net income, which does not include that item, was $10.0 million, or $0.13 per diluted share Completed eight operated horizontal wells (two Middle Spraberry, four Lower Spraberry, two Wolfcamp B) and three operated vertical wells Update on our previously released Spanish Trail 4817 three well pad, (Middle Spraberry, Lower Spraberry, Wolfcamp…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More First Quarter (1Q) Update News
Gulfport Touts Super Long Lateral and Strategic Pivot To Gas Asset
Gulfport Energy Corporation kicked off 2025 with a quarter of operational precision, pricing strength, and clear strategic intent — setting the stage for a transformative year ahead. From…
Civitas Provides Update on Current Rigs & Frac Crews
Second Quarter Outlook The Company has reiterated its full year guidance for 2025. For the second quarter, Civitas anticipates approximately five percent oil volume growth at the midpoint…
NuVista Energy – 2025 Capital Program and Operating Momentum
NuVista enters 2025 with strong operational momentum following a record 2024 and a balance sheet that affords both growth and shareholder returns. The Company has reaffirmed its ~$450…
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024
Diamondback Energy provided an update to it's first quarter 2024. Let's first take a look at the development plan. The company program remains unchanged, and one can expect…
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity
CNX Resources a marcellus operator provided an update on its first quarter 2024 activity. Activity quick Read - Reduced to 1 rig - Reduced from dedicated frac crew…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…