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 63,000 net surface acres and 260,000 net effective horizontal…
Second Half of 2016 Operating Plan With strengthening oil prices, RSP will add 3rd Hz rig in early 3Q16 Accelerating Development New rig will first initiate LS spacing test on Johnson Ranch (drill first four of seven wells on…
RSP is Well Positioned to Accelerate As oil prices strengthen, RSP is able to increase activity levels to take advantage of higher oil prices and attractive service costs WA Ability to exploit deep inventory of high-return operated…
RSP is in a Strong Financial Position Capitalization Table Selective use of capital markets to maintain strong balance sheet and liquidity ( in millions) 3/31/2016 Cash 74 Actively managed hedging program protects balance sheet…
Hedging Program Summary RSP is opportunistically layering on additional hedges to protect returns and assist in planning capital expenditures Recently added deferred premium puts(1) covering 1,350,000 Bbls in 2H16, locking in average…
Superior Recycle Ratio Premier assets and operational 1Q16 Cash Margin / Boe 2015 PDP F&D Cost (1) / Boe expertise leading to one of highest 15.00 13.64 20.00 17.98 recycle ratios in the E&P industry Leading cash flow margin/Boe…
Efficient Operator Coupled with Strong Growth Strong production and reserve growth with low 2015 CAPEX per Average Headcount (MM) (2) corporate overhead 5.00 4.00 Contiguous assets and lean operating structure 4.26 allow for…
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 1Q…
2016 Drilling & Completion Activity In 1Q16, RSP completed 11 operated Hz wells (7 LS, 1 MS, 1 WA and 2 WB 2Q16 4Q16 Operated Completions by Zone* wells) and 2 Vt wells WA Of the 11 Hz wells completed, only 7 were producing during 1Q…
Projected 2Q16 4Q16 Operated Horizontal Completion Activity Lower Spraberry Wolfcamp A Wolfcamp B From 2Q16 through 4Q16, RSP will complete 25 - 37 wells 70% of completions will be focused in 5-8 the Lower Spraberry zone 3-4…
Lower Spraberry - Increased Density Pilot Johnson Ranch RSP is currently completing the first four wells on the Johnson Ranch LS spacing test with 7,500 lateral lengths. The eastern half of the unit will be developed on the current…
Upper Wolfcamp - Increased Density Pilot Spanish Trail RSP is currently testing multiple landing targets in the Wolfcamp A at Spanish Trail 7,500 lateral lengths spaced 500 apart (map view) and 1,500 apart at same TVD This will be…
High Density Stimulation RSP is using a variety of tools to optimize stimulation efficiency to Diversion increase productivity, reduce costs and maximize recovery per zone Perf Friction Early industry stimulations created long…
High Density Stimulation Exceeding Expectations Based on early production data, new high density stimulated wells are outperforming existing offset producers in the same drilling unit Expectation was for offset well to have a slightly…
Early Time Benefits of Chevron Pattern Drilled and completed four LS wells in a chevron pattern, offsetting an existing LS producer in the same drilling unit Two wells producing in upper landing zone, two in lower Wells within same…
Cross Bar Ranch Lower Spraberry Downspacing Test Results RSP has multiple spacing tests in the Lower Spraberry across the core acreage position Early results from Lower Spraberry tests are encouraging for potential higher density…
Western Glasscock Continuing to Outperform Glasscock Hz Map and Gun Barrel Glasscock Well Results Lat IP30 150 day MIDLAND CO GLASSCOCK CO Well Name Length (Boe/d) % Oil (MBoe) Calverley 1H (WA) 9,968 1,757 83% 182.1 Woody 1H WA…
RSP Permian Delivering Value High Quality Assets Focused on Returns and Execution Strong Financial Position Experienced Management 20
Appendix 21
RSP Permian 2016 Guidance Production Capital Program Overview ( in millions) 2015 2016E 28,000 27,000 Drilling & Completion 354 185 - 235 23,000 Boe/d 23,000 Infrastructure & Other 37 15 - 25 18,000 21,047 Total Capital 391…
Significant Upside to Focus Area Inventory from Further Downspacing RSP believes spacing tests may show significant Spacing Assumptions (Wells per 1-Mile Section) upside to current spacing assumptions Current Spacing Increased Density…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Gross Focus Area Horizontal Inventory Net Focus Area Horizontal Inventory 4,500 4,328 Net…
Wolfcamp A & B Overview Single Well Economics Wolfcamp A (1) Performance of Wolfcamp A wells to date is as strong as any zone in RSPs inventory 150% 100% of WA Inventory on this type curve RSP now has 16 Wolfcamp A wells with…
Lower & Middle Spraberry Overview Lower Spraberry remains the top performing Single Well Economics Lower Spraberry (1) zone in RSPs inventory, but Middle Spraberry 150% economics also reflect robust potential 85% of LS Inventory on…
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…
Optimizing Wellbore Placement 3D Inversion Attribution RSP continues to Geosteering see improving well results using technology to optimize wellbore placement Microseismic Geochem 29
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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