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1Q2017 Financial and Operational Results – RSP Permian Inc.

RSP Permian Inc. · May 2, 2017 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 1
    1Q 2017 FINANCIAL & OPERATING RESULTS May 2, 2017
  2. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 2
    CAPITALIZING ON OUR STRENGTHS TO DELIVER VALUE Expect to grow production 90% in 2017 and have visibility to 30% plus PRIME PERMIAN production growth & cash flow neutrality in 2018+, at 55 oil price ASSETS Over 30 years of highly…
  3. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 3
    DELAWARE BASIN ACTIVITY UDPATE Substantial stacked resource potential with 7 currently producing zones and strong recent results across 4 highlighted below ROBUST RESULTS DESPITE SHORT LATERALS & RESTRICTIVE CHOKES DELAWARE BASIN…
  4. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 4
    MIDLAND BASIN ACTIVITY UPDATE Strong well results confirming enhanced completion design and asset quality WELL RESULT UPDATE MIDLAND BASIN ACTIVITY LS WA WB Lateral Compl. Length IP30 Well Name Date Formation (Feet) (BOED) %…
  5. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 5
    1Q17 ACTIVITY OVERVIEW During 1Q17, RSP drilled 21 and completed 14 operated HZ wells (excludes 2 Delaware Wolfcamp A wells completed prior to SHEP II close on 3/1/17) 1Q17 Midland Basin activity Operated drilled / completed: 6 / 2 in…
  6. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 6
    1Q17 BOLT-ON ACQUISITIONS & TRADES Acquired 770 net acres for 17 million in 1Q17 Entered into acreage trades for 2,130 net acres, enhancing working interest and/or creating long-lateral drilling opportunities LOCATOR MAP OF 1Q17…
  7. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 7
    1Q17 FINANCIAL RESULTS Production growth of 80% and EBITDAX growth of 250% over prior year first quarter D&C capex 25% above prior quarter and 70% above prior year first quarter 1Q17 1Q16 4Q16 1Q17 1Q16 4Q16 Avg. Daily Production…
  8. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 8
    STRONG FINANCIAL POSITION WITH AMPLE LIQUIDITY 900MM elected commitment under the amended and restated CAPITALIZATION TABLE credit facility with 1.1B borrowing base and 2.5B maximum lender commitments ( in millions) 3/31/2017 Key…
  9. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 9
    INCREASING HEDGE PROFILE RSP opportunistically layers on hedges to protect returns and support planned capital expenditures HEDGE CONTRACT DETAIL Crude Oil (Bbl, /Bbl) 2Q17 3Q17 4Q17 2Q17 4Q17 2018 Three-Way Collars (1) 3,160,000…
  10. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 10
    FULL YEAR 2017 GUIDANCE FULL YEAR 2017 GUIDANCE SUMMARY COMMENTARY 1Q17 6 operated rigs currently (4 Midland, 2 Delaware) 2017 Guidance Range Actuals Production 3rd Delaware rig to arrive in May Avg. Daily Production (Boe/d)…
  11. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 11
    RSP STRATEGY: RATE-OF-RETURN DRIVEN GROWTH Emphasis on high rate of return, rather than growth for growths sake During 2015 2016 oil price downturn RSP slowed drilling and opportunistically made acquisitions Operated rigs dropped from…
  12. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 12
    RSP PERMIAN INVESTMENT HIGHLIGHTS Prime Permian Position Strong Growth Profile Superior Execution Focus on Capital Efficiency Technical Leader Oil-Weighted Production and Reserve Base Experienced Permian Team 13
  13. 1Q2017 Financial and Operational Results – RSP Permian Inc. – slide 13
    ADJUSTED EBITDAX AND ADJUSTED NET INCOME RECONCILIATION Reconciliation of Net Income (Loss) to Adjusted EBITDAX (in thousands) Three Months Ended March 31, 2017 2016 Net income (loss) 38,934 (17,416) Interest expense 19,224…

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