RSP Permian Overview (NYSE: RSPP) Large, contiguous acreage blocks in the core of the Contiguous Acreage Position in Core of Permian Basin Midland and Delaware Basins(1) Midland: 60,700 net surface acres and 270,000 net effective…
3Q16 Update Average daily production of 29.8 MBoe/d (73% oil, 17% NGLs, 10% Natural Gas), up 13% from 2Q16 and 24% over 3Q15 Financial Results Adjusted EBITDAX of 65.7MM (up 12% from 2Q16), with 73.2MM of 3Q16 development Capex Net…
Silver Hill Acquisition Overview Silver Hill Acquisition Highlights Wolfcamp Structure Map (Subsea Depths) Highly contiguous operated position in the core of the Delaware Basin 68,000 gross / 41,000 net acres 80% operated with over…
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 Rock Quality: Silver Hill…
RSP is in a Strong Financial Position Capitalization Table With strong liquidity, no near-term maturities, an improved hedge position and attractive returns on ( in millions) Q3 2016 our drilling, RSP is well positioned to…
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…
2016 Horizontal Well Performance Exceeding Type Curves The average of all operated horizontal wells brought online in 2016 YTD is outperforming the weighted average internal type curve by 25% This group of wells includes, among others,…
Updated 2016 Guidance and Preliminary 2017 Outlook YTD 2016 Actuals and Revised Full Year Guidance Guidance Update Aug. Revised Oct. Revised Production guidance increased by 5% at the midpoint YTD 2016 2016 2016 based on well results…
2016 Drilling & Completion Activity Update In 4Q16, RSP expects to complete 13-17 operated wells in YTD Operated Completions by Zone the Midland Basin MS WB 2% 40-50% focused in the Lower Spraberry zone 13% 4Q16 drilling and…
Well Cost Update After declining for six straight quarters, drilling, completion & equipping costs have increased modestly Increase was in line with expectations based on significant increase in frac density employed vs. beginning of…
Density Pilots Spanning Acreage Position In multiple spacing pilots across our core acreage position, RSP has successfully completed wells at or above our type curve using 3 different landing targets RSP believes vertical separation…
Strong and Consistent Wolfcamp A Performance Across Position RSP has tested the Wolfcamp A zone across its core Selected Top Wolfcamp A Wells Across Position acreage position with excellent results to date (20 4 20 total operated Hz…
Spanish Trail Long Laterals Exceeding Expectations Spanish Trail Section 47 Update RSPs longest LS laterals to date completed in Spanish Trail Section 47 (10,500+) On average, wells have produced over 100MBoe in first 90 days Full…
Cross Bar Ranch Lower Spraberry Increased Density Pilot Cross Bar Ranch Section 17 Update RSPs 500 spacing test at Cross Bar Ranch has performed above expectations despite relatively less oil in place vs. other RSP core acreage…
Western Glasscock Generating Strongest Economics Across Leasehold Calverley Area Update RSPs two initial Calverley wells continue to MIDLAND CO GLASSCOCK CO outperform peer 1MMBOE type curve Calverley Wells Two test wells, 3H LS and…
RSP Permian Delivering Value High Quality Assets Focused on Returns and Execution Strong Financial Position Experienced Management 21
Appendix 22
Executing Accretive Bolt-on Acquisitions in Core Midland Areas YTD 2016 (through September), RSP has acquired Locator Map of 2016 YTD Acquisitions 62 million of bolt-on oil and gas properties: 2,500 net acres located in core Midland,…
Adjusted EBITDAX and Adjusted Net Income Reconciliation Reconciliation of Net Income (Loss) to Adjusted EBITDAX (in thousands) Three Months Ended Three Months Ended September 30, June 30, 2016 2015 2016 Net Income (Loss) 985…
Loading...
