RSP Overview Market Snapshot Permian Basin Pure Play NYSE Symbol: RSPP Market Cap(1): 2.2 billion Net Debt(2): 0.3 billion Enterprise Value: 2.4 billion Pro Forma Production and Reserves(3) Average Daily Production (4) 10.7…
Contiguous Acreage in the Core of the Midland Basin Overview RSPs Acreage in the Midland Basin Large, contiguous, core acreage in the Midland Basin(1) Permian pure-play with 63,035 gross (46,738 net) acres Over 178,000 net effective…
Acquisitions Increase RSPs Drilling Inventory in Core of Midland Basin Midland Basin Acquisitions Acquisitions Map In Q1 2014, RSP completed 79 million of acquisitions adding 5,316 net acres On August 29, 2014, RSP closed on multiple…
Recent Acquisitions Create Another Primary Operating Area for RSP Acquisition Acreage Offset by Significant Industry Activity Pioneer Houston Ranch 1H,2H,10H,11H OXY Existing RSP Permian acreage Powell Ranch 151HC Permitted Location…
RSPs Focus Areas Are in the Most Prolific Areas of the Midland Basin RSPs Acreage Midland Basin Historical Oil Production Heat Map Borden Dawson Area Dawson Area Focus Areas Focus Areas Best-month oil production (bbl) 6,000…
Leader in Multiple Pay Zones in the Midland Basin RSP Permian and other industry players have unlocked multiple target zones for horizontal drilling RSP Success / Industry Commentary Industry Horizontal Drilling Targets Formations…
Current Activity Focused on Capital Efficiency Operations Update Activity Map Cross Bar Ranch 1811 Johnson Ranch 912 Operating four horizontal rigs Andrews Cross Bar Ranch 1717 5th horizontal rig to arrive in December 2014 and 6th…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Vertical Highlights Identified Horizontal Locations Locations Multi-year inventory of horizontal and 3,250 vertical drilling projects 3,000 Multiple…
Large, Concentrated Acreage Blocks Provide Operating Advantages Large, Concentrated Acreage Blocks Map of Focus Areas RSP leasehold positioned for horizontal development North to South blocked-up position, which lays out ideally for…
Wolfcamp A/B Spacing Pilot Encouraging Early Results Cross Bar Ranch 1717H Wolfcamp A/B Pilot Map of Cross Bar Ranch 1717 1717WA 30-day IP: 928 Boe/d (84% oil) 1717WB 30-day IP: 867 Boe/d (88% oil) Treating pressures during zipper…
Wolfcamp A/B Horizontals Continue to Exceed Expectations RSP Activity Wolfcamp A/B Cumulative Production (1) 140,000 12 operated Wolfcamp A/B wells with production Average Wolfcamp wells history; average lateral length of 6,000…
Lower Spraberry Results Also Exceeding Expectations RSP Activity Lower Spraberry Cumulative Production (1) 7 operated Lower Spraberry wells with production 140,000 history; average lateral length of 6,000 120,000 Lower Spraberry…
Initial Middle Spraberry Results Reflect Potential RSP Activity Middle Spraberry Cumulative Production (1) 3 operated Middle Spraberry wells with production 140,000 history; average lateral length of 5,900 120,000 Early Middle…
Spraberry Potential Provides Additional Upside Leader in the Spraberry Substantial Horizontal Spraberry Inventory - Net Locations 585 RSP was the first operator to drill horizontal Lower 600 Spraberry and horizontal Middle Spraberry…
RSPs Operating Areas in the Core of Successful Industry Activity Map of Activity Dawson Midland / Martin / Activity still early Andrews / Ector Nearby results in the RSPs primary operating Wolfcamp suggest area to date economic…
RSPs Remaining Multi-Zone Development Projects For 2014 Commentary 2014 Planned Horizontal Wells 1. Johnson Ranch 1018 & 1019 - 2-well stacked offsetting pads for Wolfcamp B Wolfcamp A spacing pattern test. Project on 6 3D Shoot 1…
Horizontal Well Costs Trending Down Efficiencies due to experience, completion / well design optimization, and pad development more than offsetting oilfield service cost inflation Operated Horizontal Drilling & Completion Costs Per…
RSPs Financial Strategy and Capitalization Financial Strategy Pro Forma Capitalization Preserve financial strength ( in millions) 6/30/2014 As Adjusted (1) In August 2014, amended credit facility to: Cash 15 15 Increase borrowing…
Capital Budget and Hedging Detail All production inputs are engineered Drilling program modified as needed to re-focus on most attractive opportunities within portfolio 2014 Capital Budget Hedging Detail Total Drilling & Completion…
Adjusted EBITDAX and Adjusted Net Income Reconciliation Adjusted EBITDAX and Adjusted Net Income Reconciliation ( in thousands, except per unit amounts) RSP Permian, Inc. Pro Forma Actual & Predecessor Quarter Ended Quarter Ended…
Loading...
