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RSP Permian's Wolfcamp, Spraberry Wells Outperform
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RSP Permian, Inc. announced financial and operating results for the quarter ended September 30, 2014.
Highlights: 3Q14 production increased by 5% to 11,217 Boe/d as compared to 2Q14 production and by 38% as compared to pro forma production during the same period in 2013 Exit production rate at the end of 3Q14 was approximately 14,600 Boe/d, a 30% increase over 3Q14 average and 78% above 4Q13 exit rate Annual production and capex guidance reaffirmed at 11,500-12,000 Boe/d and $425 million, respectively for CY14 Pro forma net income of $34.6 million, $0.46 per diluted share. Includes $23.7 million non-cash gain on derivatives. Pro forma adjusted net income, excluding derivatives, was $19.4 million, $0.26 per diluted share. Pro forma adjusted EBITDAX was $53.4 million Net income of $32.3…- ✓ Full news archive — U.S., Canada & international coverage
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