Acquisition of Silver Hill: Strategic Entry into the Core of the Delaware Basin October 13, 2016
RSP Creates Premier Permian Pure Play in the Core of Both Basins Acquisition Highlights Unmatched Core Midland / Delaware Position Highly contiguous operated position in the core of the Delaware Basin 68,000 gross / 41,000 net acres…
RSP is a Selective Acquirer: Why Silver Hill RSP has taken a measured approach to acquisitions successfully growing asset base without sacrificing quality Silver Hill Meets All Key Acquisition Criteria Wolfcamp Structure Map (Subsea…
Economics of Delaware Basin Provide Compelling Opportunity Delaware Basin Technical Highlights Delaware / Midland Geologic Comparison Thick, oil saturated section within the over-pressured Wolfcamp and Bone Spring Silver Hill Type…
Silver Hill Properties Stack Up Well with Our Current Inventory Silver Hill short lateral well performance competes with and in some cases exceeds Midland basin long lateral well performance Potential for uplift in upfront…
Superior Delineation Drives Acreage Value Selected Delaware Basin Operator Development Targets Enduranc Silver hill Cimarex MTDR CXO EOG Shell Brigham FANG PDCE WPX e Delaware Group Lamar Bell Canyon Guadalupe Cherry…
Multi-Zone Potential Across Silver Hill Assets White Falcon 16 1H Rudd Draw 3H John James 1H Brunson 47 1H Brunson 38 1H Brunson A 803H 1 Endurance 26 Silver Hill 25 Concho 24 EOG 23 EOG 22 Silver Hill IP30: 1,813 Boepd IP30: 1,084…
Delaware Basin Results Continuing to Improve Operators continue to optimize drilling and completion Proppant Pound/ft Increasing techniques including increased proppant use and longer laterals 3,500 120 Yielding significant increase…
RSP Shareholders to Participate in Accelerated Delaware Rate of Change RSP ideally positioned to apply operational and technical learnings in Midland Basin to Silver Hill assets RSP Technical Expertise Avg. Recent Silver Hill Design…
Acquisition Structure and Financing Overview Transaction Details Strong Balance Sheet Primed for Acceleration RSP to acquire Silver Hill Energy Partners, LLC (SHEP I) With strong liquidity, no near-term maturities, an improved and…
Hedging Program Summary RSP opportunistically layers on hedges to protect returns and support planned capital expenditures Recently executed additional hedging arrangements to protect remaining 2016 and 2017 volumes Deferred premium…
Updated Guidance and 3Q16 Update 1H 2016 Actuals and Revised Full Year Guidance 3Q16 Operational Update Revised Revised Average daily production of 29,761 Boe/d (73% oil) 1H 2016 August 2016 2016 (1) 24% increase vs. 3Q15…