RSP Permian Overview (NYSE: RSPP) Large, contiguous, core acreage blocks in the Midland Concentrated Acreage Position in the Core of the Midland Basin Basin 225,000 net effective horizontal acres (1) and 63,000 net surface acres…
Another Accretive Potential Acquisition in the Core of the Midland Basin In October, announced LOI to acquire 4,100 Map of Acreage to Be Potentially Acquired net acres in the Midland Basin for 137 million (the potential WPR…
Midland County Potential WPR Acquisition Offset Activity Key Horizontal Activity and Completions MARTIN CO OXY OXY Mabee 139 412H (Clearfork) Curtis Ranch So 2344SH (Lower Spraberry) 7500 lateral length 24-hr IP: 1,040 Boe/d 5,605…
Martin County Potential WPR Acquisition Offset by Significant Area Type Log Activity Diamondback Estes 1602H (Lower Spraberry) 24-hr IP: 1067 Boe/d - 7,559 lateral length MS W&T Pinot 65 15H (Lower Spraberry) 24-hr IP: 917 Boe/d…
Recent Acquisitions and Potential WPR Acquisition Add Significant Scale to Core Acreage Since August 2015, RSP has announced the acquisition Map of Recent Acquisitions and Potential Acquisitions or intention to acquire 10,700 net…
Track Record of Production Growth Strong quarter of production growth for RSP, with 23.5 - 24.0 MBoe/d of estimated Q3 2015 production, or 20% over Q2 2015 volumes at the midpoint Strong Total Production Growth Since Inception Even…
Low Costs and High Oil Mix Generate Strong Cash Margins Domestic E&P Universe 2015 Estimated Oil Mix as a Percent of Total Production (1) 100% U.S. E&P Company RSPP 75% Permian Peer (2) 50% Median: 47% 25% A B…
... And Strong Margins Plus Well Performance Lead to Capital Efficiency Best-in-class in the Permian and the broader domestic E&P universe in both efficient production growth and cash returns Domestic E&P Universe Q2 2014 Q2 2015…
Permian Leader in Efficiencies 2014 Finding & Development Costs (per Boe) Strong production and reserve growth with low corporate overhead 25.00 23.28 20.00 18.21 Peer-leading F&D costs and reserve 13.88 15.00 replacement 10.59…
Wolfcamp A/B Overview Map of Wolfcamp A Wells Drilled Performance of Wolfcamp A wells to date has exceeded the performance of the 1019 1017 1719 Wolfcamp B 1717 1017 RSP now has 12 Wolfcamp A wells with Cross Bar Ranch 1018…
Increasing Wolfcamp A Type Curves Due to Outperformance Improved completion techniques and strong well results in core counties driving outperformance Management increasing the core county 7,500 type curve for the Wolfcamp A and…
Upper Wolfcamp Full Development Test 1021 WA 1017 (WD) WA At Johnson Ranch, RSP has completed 10 Wolfcamp A / 1019 WA 1017 (WB) WA N Wolfcamp B wells across a mile on a 960-acre tract Average production for the 10 wells is trending…
Lower Spraberry Overview Lower Spraberry remains the top performing Map of Recent Lower Spraberry Activity zone in RSPs inventory 1717 The majority of RSPs activity continues to 1719 target the Lower Spraberry 1717 Multiple…
Middle Spraberry Overview Map of Producing Middle Spraberry Wells Middle Spraberry results continue to improve Johnson Ranch 912 Sufficient tests across Focus Area acreage Cross Bar Ranch 1811 position to derisk zone 2017…
Increasing Both Lower Spraberry and Middle Spraberry Type Curves Substantial outperformance in both the Lower Spraberry and Middle Spraberry led us to increase the 7,500 lateral type curves for the zones in our core counties, which…
Preliminary Lower Spraberry Spacing Results While RSP has not completed a full Lower Spraberry development test on a single Lower Spraberry Gun Barrel View section, there are 5 producing Lower Spraberry wells spaced 500 apart on two…
Core Acreage is Well-Suited for Development Advantages for Contiguous RSPs Acreage Positions in Focus Area Core of the Midland…
2016 Rig Operating Scenarios RSP has flexibility to operate two, three, or four horizontal rigs in 2016 2016 completions will primarily be in our highest-return operating areas, similar to 2015 RSP anticipates carrying over a larger…
RSP is in a Strong Financial Position Capitalization Table (1) Selective use of capital markets to 6/30/2015 maintain strong balance sheet and PF Transactions ( in millions) liquidity Cash 200 181 million equity offering and…
RSP Permian Positioned for Growth Concentrated asset base in the core of Northern Midland Basin Multiple quality reservoirs High Quality Assets Lowest F&D cost in the Basin Multi-well pad development drives efficiency 25 years of…
Appendix 24
Concentration of Core Acreage Provides Attractive Assets with Upside Wells per Section Booked for Midland Basin Peers (1)(2) 100 94 Despite acreage adjacent to many peers and 90 a high percentage of core acreage, RSP 80 remains…
RSP Development Plan to Maximize Efficiency Well performance improves with lateral length, but Illustrative Capex per Foot by Lateral Length the relationship is not linear across all metrics Capital efficiency increases with lateral…
Spanish Trail Extended Reach Laterals RSP is currently developing the Companys longest laterals drilled to date on the Spanish Trail lease (11,000) 1st four Upper Wolfcamp laterals are on initial flowback and cleaning up 4717 WA…
Glasscock County Activity Update Pioneer MIDLAND CO Flanagan Leases Lower Spraberry, Wolfcamp A, B, Cline 21H (Lower Spraberry) 24 hr IP: 940 Boe/d 5H (Cline) - 24 hr IP: 1,610 Boe/d 4H (Wolfcamp A) 24 hr IP: 1,129 Boe/d 8H…
Adjusted EBITDAX, Adjusted Net Income and Net Income Reconciliation ( in thousands, except per unit amounts) Quarter Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Pro Forma Revenues Oil sales 73,917 66,134 121,222…
Hedging Program Summary 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 Summary Q3 2015 Q4 2015 2015…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Horizontal Locations Identified Vertical Locations 4,500 4,250 4,000 Operated horizontal locations booked as 5 wells across a 3,750 section in Wolfcamp…
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…
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…
Loading...
