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…
Recent Acquisitions Add Significant Scale to Core Acreage Since August 2015, RSP has acquired 10,700 net Map of Recent Acquisitions acres for 450 million (1) 3,500 Boe/d of net production 277 net horizontal locations 47,000 net…
Low Cost Structure and Strong Margins High oil mix and five straight quarters of declining operating costs result in strong cash margins despite low oil price environment Historical Cash Margins and Costs (per Boe) Realized Oil Price…
Track Record of Production Growth Strong quarter of production growth for RSP in Q3, with 21% production growth over Q2 2015 and 114% production growth over Q3 2014 Annual Production Growth Since Inception Quarterly Production Growth…
Industry-Leading Margins, Cost Structure & Growth RSP leads the U.S. E&P industry in both profitability and growth of production per debt-adjusted share E&P Universe Q3 2015 Unhedged Cash Operating Margin per Boe (1) RSPP 25.00 U.S.…
RSP is in a Strong Financial Position Selective use of capital markets to maintain Capitalization Table (1) strong balance sheet and liquidity 9/30/2015 ( in millions) Pro Forma Equity and debt offerings in conjunction with 2015…
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 will carry over 19-20 Hz wells…
Well Results Continue to Improve RSPs horizontal well results continue to improve Increasing IP Rates and Average Lateral Lengths Completing more wells in areas with better 1,200 7,500 geology and more representative of RSPs overall…
Declining Drilling & Completion Costs Both drilling and completion costs have steadily declined for three straight quarters on a per lateral foot basis A substantial portion of both drilling and completion cost savings is driven by…
Preliminary Lower Spraberry Spacing Results While RSP has not completed a full Lower Spraberry development test on a single section, there are 5 producing Lower Spraberry wells spaced 500 apart on two different Lower Spraberry Gun…
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…
Spanish Trail Extended Reach Laterals RSP is currently developing the Companys longest laterals drilled to date on the Spanish Trail lease (11,000) Two Wolfcamp B wells and two Wolfcamp A wells on production with strong results Lower…
Increased Wolfcamp Type Curves Due to Outperformance Improved completion techniques and strong well results in core counties driving outperformance Increased core county 7,500 type curve for the Wolfcamp A and keeping the core county…
Increased 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…
RSP Permian Delivering Value in a Challenging Environment Premier asset base in the core of Northern Midland Basin Multiple stacked quality reservoirs High Quality Assets Multi-well pad development and blocked up acreage drives…
Appendix 18
Adjusted EBITDAX, Adjusted Net Income and Net Income Reconciliation ( in thousands, except per unit amounts) Quarter Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues Oil sales 74,746 64,119 195,968…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Horizontal Locations Identified Vertical Locations 4,500 4,000 Operated horizontal locations booked as 5 wells across a section in Wolfcamp (1,100…
Midland County 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 lateral…
Martin County WPR Acquisition Offset by Significant Activity Area Type Log 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 6,769…
Increased 2015 Production Guidance and Decreasing Capex & Cost Guidance Q3 2015 marked the second straight quarter in which RSP increased production guidance Due to cost savings and a moderated Q4 completion pace, RSP expects to spend…
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…
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…
Concentration of Core Acreage Provides Attractive Assets with Upside We believe that the vast majority Years of Inventory with 20%+ IRR at Strip (1) of our inventory can generate 20 sufficient returns in a challenging 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…
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…
Optimizing Wellbore Placement 3D Inversion Attribution RSP continues to Geosteering see improving well results using technology to optimize wellbore placement Microseismic Geochem 29
Hedging Program Summary Oil Hedge Summary Q4 2015 2016 Swaps Volumes (MBbls) 30 Average Swap Price (/Bbl) 92.60 Collars Volumes (MBbls) 498 555 Average Floor (/Bbl) 85.57 55.00 Average Ceiling (/Bbl) 94.28 74.08 Average Short…
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