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RSP Permian Updates 2015 Guidance, Hedging Strategy
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RSP Permian Inc. has updated its 2015 guidance and hedging strategy.
Updated 2015 GuidanceRSP expects to complete 40 - 50 gross operated horizontal wells in 2015 in our Focus Area targeting primarily the Lower Spraberry, Wolfcamp A and Wolfcamp B, the Company's highest return horizontal zones. In addition, the Company expects to complete approximately 20 gross operated vertical wells during the year. The Board of Directors approved a $400 - $450 million capital budget for 2015, of which RSP expects to spend $380 - 420 million on drilling and completion activities and $20 - 30 million on infrastructure and other. The Company believes that non-operated capital expenditures in 2015 will represent approximately 15% of total capital expenditures.
HedgingThe Company has not entered into any…
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