RSP Permian Overview Large, contiguous, core acreage blocks in the Midland Contiguous Acreage Position in the Core of the Midland Basin Basin 215,000 net effective horizontal acres (1) and 57,000 net surface acres (96% operated)…
Second Quarter 2015 Highlights Q2 2015 production averaged 19.9 MBoe/d (76% Oil, 14% NGLs, 10% Natural Gas) Q2 Financial Increase of 86% compared to Q2 2014 Highlights Increase of 25% compared to Q1 2015 Quarterly production exit…
Attractive Acquisitions Complement RSPs Existing Core Acreage Position RSP recently acquired or signed definitive purchase agreements to Map of Acquired Acreage acquire 5,700 net acres in the Midland Basin for a total purchase price of…
Acquisitions Provide Additional Scale to RSPs High-Quality Asset Base Acquisitions increase RSPs total Focus Area net acres and locations by 15% Further high-grades inventory by increasing footprint primarily in the zones and operating…
Updated 2015 Guidance Increased production guidance range by 10% at the Track Record of Production Growth midpoint, to 19.5 20.0 MBoe/d, and increased oil production mix to 75%, resulting in a 14% increase to 25,000 implied oil…
RSP is in a Strong Financial Position Accessing the capital markets to maintain strong Pro Forma Capitalization Table (1) balance sheet and liquidity 6/30/2015 On August 4, RSP priced an equity offering of ( in millions) Pro Forma 7…
Leader in Operational Efficiency Overview Hedged Cash Margin per Boe (1) 60.00 During 2014 and 2015, RSP has maintained strong 51.37 cash margins by keeping cash operating costs per unit 50.00 46.52 41.69 40.10 low and realizations…
Low Cost Structure and Strong Margins Efficient operations and high oil mix allow us to generate healthy cash margins Historical Cash Margins and Costs (per Boe) Realized Price per Boe (Excluding Hedges) 63.22 67.24 85.13 74.64…
RSP Accelerated Completion Activity During the Quarter Q2 Drilling & Completion Activity Summary Drilled Completed WOF During the second quarter, RSP completed 18 horizontal wells as an operator (4 Lower Spraberry, 8 Wolfcamp A wells…
Recent Operational Highlights Notable Recent Operational Highlights ANDREWS Johnson MARTIN Ranch Wolfcamp A/B spacing test online Johnson Ranch with early results exceeding type Cross Bar Ranch Lease curves Johnson Ranch Lower…
RSP is Achieving Significant Cost Savings RSP is targeting a well costs decrease of 30% from peak levels in Q4 2014 RSP estimates 20% of decrease due to lower service costs and another 10% due to increased efficiencies Q2 2015 average…
Leader in Multi-Zone Horizontal Development in the Midland Basin As on operator, RSP has tested at least 7 different combinations of multi-zone, multi-well pad development RSP expects strong results as it develops across all areas of…
Core Acreage is Well-Suited for Development Advantages for Contiguous RSPs Acreage Positions in Focus Area Core of the Midland Basin RSP Existing Acreage New Acreage Acquired Operating areas in a concentrated proximity Additional…
RSP Full Development Test on Johnson Ranch 1021 WA 1017 (WD) WA N At Johnson Ranch, RSP has completed 10 Wolfcamp A / Wolfcamp B 1019 WA 1017 (WB) WA wells across a mile on a 960-acre tract Despite early time surface facility…
Continued Success and Development at Spanish Trail Lease RSP now has 13 horizontal wells on production and 4 horizontal wells RSP Spanish Trail Development completing on its Spanish Trail lease N Results remain among the strongest in…
Leading Wolfcamp A Development in this Area of the Midland Basin 1017 Performance of Wolfcamp A wells to date is as strong as 1019 1719 any zone in RSPs inventory 1717 1017 RSP has 9 Wolfcamp A wells with production history Cross…
LS Glasscock County Update 2015 Drilling Program Testing Multiple Horizons DEAN WC A 520 WC B Spud Calverley 9-4 1H 544 (WA) Late Q2 LS DEAN WC A 655 U WC B RSP Acreage L WC B 2015 Acquisitions…
RSP Permian Planning for the Future Focus on Executing Development of High-Quality Multi-Year Inventory Maximize Efficiency by Continuing 100% Multi-Well, Multi-Zone Pad Development Leverage Results of Science and Pilots in Setting…
Appendix 22
Adjusted EBITDAX and Adjusted Net Income Reconciliation Adjusted EBITDAX and Adjusted Net Income Reconciliation ( in thousands, except per unit amounts) Quarter Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues…
Protecting Cash Flows Through Hedging Program RSP has hedged 35% of its remaining 2015 oil production at a floor price of 86 RSP has begun to layer on hedges for 2016 and will continue to opportunistically add hedges Oil Hedge…
RSP Permian 2015 Guidance Production Capital Program Overview (MM) 21,000 20,000 Drilling & Completion 380 - 420 17,000 19,500 Boe/d Infrastructure & Other 20 - 30 13,000 Total Capital Budget 400 - 450 9,000 11,868 (15%…
Proved Reserves Doubled in 2014 Proved Reserves Growth Approximately doubled both Proved Developed and Proved Undeveloped Reserves year over year 106.4 Only 5% of RSPs horizontal locations are booked as PUDs 100 Reserve life of…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Horizontal Locations Identified Vertical Locations 4,000 3,750 3,500 Operated horizontal locations booked as 5 wells across a 3,250 section in Wolfcamp…
Wolfcamp A/B Horizontals Continue to Improve RSP has 21 wells in the Wolfcamp B and 9 wells in the Wolfcamp A with production history, with an average lateral length of 6,800 Type curve reflects an estimation of the average well in…
Lower Spraberry Results Continue to Exceed Expectations RSP has 20 wells in the Lower Spraberry with production history, with an average lateral length of 7,150 Type curve reflects an estimation of the average well in RSPs remaining…
Initial Middle Spraberry Results Reflect Upside RSP has 11 wells in the Middle Spraberry with production history, with an average lateral length of 7,600 Type curve reflects an estimation of the average well in RSPs remaining Focus…
RSPs Type Curves and Results Compared to Midland Basin Peers RSPs well results compare favorably with other Midland producers core type curves, especially in Midland, Martin and Andrews counties, which along with Glasscock county…
Recent Middle Spraberry Results Significantly Outperforming Type Curve Johnson Ranch Recent Middle Spraberry Well Results 912 90-Day 90-Day 180-Day 180-Day 1811 Lateral Cum Cum / Cum Cum / Cross Bar Ranch Well Name Length (MBoe)…
Spanish Trail Extended Reach Laterals RSP is currently developing the Companys longest laterals drilled to date on the Spanish Trail lease (11,000) Spanish Trail 4717 WA/WB on Flowback, Spanish Trail 4719 WA/WB completion in August…
Cross Bar Microseismic Conclusions and Implications Hypothetical Development Scheme Implied by Cross Bar Ranch Microseismic Study Preliminary Microseismic Conclusions: Middle Spraberry Micro Seismic indicates 10 Middle wells…
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