RSP Permian Overview (NYSE: RSPP) Large, contiguous, acreage blocks in the core of the Concentrated Acreage Position in the Core of the Midland Basin Midland Basin 259,000 net effective horizontal acres (1) and 63,000 net surface…
1Q16 Update In response to continued low oil prices, RSP slowed activity levels in 2H15 and early 2016 Returns Focused Drilling Plan Dropped from 5 operated Hz rigs in early 2015, to 3 by year-end, to 2 in 1Q16 Slowed completion pace…
Increasing Number of Wells w/ EUR 900 MBoe & 1,000 MBoe(1) RSP has an increasing number of wells with Well Inventory with EUR 900 MBoe EURs 900MBoe 30 15 wells 900 MBoe 1,000 MBoe 28 11 wells 1,000 MBoe 26 24 Factors responsible…
Increasing Number of Wells w/ EUR 900 MBoe & 1,000 MBoe(1) Wells located across acreage position and in all primary zones Wells (incl non-op*) with EUR 900 MBoe (including Non-Op) 15 wells 900 MBoe 1,000 MBoe; 11 wells 1,000…
First Quarter 2016 Financial and Operating Results Production increase while moderating drilling and completion pace Production averaged 24,615 Boe/d (76% oil) Up 54% compared to 1Q15 and 2% compared to 4Q15 650 Boe/d production loss…
1Q16 Actual Compared to 1Q15 and 2016 Guidance 1Q16 Actual vs 1Q15 Actual 1Q16 Actual vs 2016 Guidance 1Q 2016 1Q 2015 1Q 2016 Full Year 2016 Production Actual Actual Change Production Actual Guidance Avg Daily Production (Boe/d)…
Current Hedging Program Summary RSP hedges for risk mitigation purposes Protects future returns and assists in planning capital expenditures Added deferred premium puts covering 900,000 Bbls in 2H16, locking in an average floor of…
Q1 2016 Development Activity Q1 Drilling & Completion Activity Summary 4Q15 1Q16 In Q1 2016, RSP completed 11 operated Hz wells (7 LS, 1 DUCs Drilled Completed DUCs MS, 1 WA and 2 WB wells) and 2 Vt wells Operated Of the 11 Hz wells…
Well Costs Continue to Decline D&C cost on a per lateral foot basis have declined for six straight quarters 2016 AFE well costs averaging < 5.5 million for a 7,500 lateral Potential for further well cost decreases based on realized Q1…
Optimizing Wellbore Placement 3D Inversion Attribution RSP continues to Geosteering see improving well results using technology to optimize wellbore placement Microseismic Geochem 12
High Density Stimulation RSP is using a variety of tools to optimize stimulation efficiency to Diversion increase productivity, reduce costs and maximize recovery per Fiber Optic Analysis zone Early industry stimulations created long…
Lower Spraberry Downspacing Test Results RSP has multiple spacing tests in the Lower Spraberry across the core acreage position Cross Bar Ranch Early results from Lower Spraberry tests suggest an opportunity for higher density…
Western Glasscock County Update Glasscock Hz Map and Gun Barrel Glasscock Well Results Lat IP30 % Current Rate 90 day MIDLAND CO GLASSCOCK CO Well Name Length (Boe/d) Oil (Boe/d) (MBoe) Calverley 1H (WA) 9,968 1,757 83% 997 119.5…
Adjusted EBITDAX and Adjusted Net Income Reconciliation Quarter Ended March 31 1Q16 Actual 1Q15 Actual (s in 000s except per share amounts) REVENUES Oil sales 51,690 47,305 Natural gas sales 2,403 2,233 NGL sales 1,722 1,837 Total…
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