Third Quarter 2014 Highlights Average daily production during the Q3 2014 of 11,217 Boe/d Q3 Exit Rate of 14.6 MBoe/d (1) Q3 Financial Results On track to meet 2014 stated production and capex guidance 650 million of available…
Q3 2014 Financial Update Q3 Update Historical Cash Margins & Costs (per Boe) (3) During Q3 2014, production averaged approximately WTI: 98.61 103.61 97.25 99.62 11.2 MBoe/d, an increase of 5% over Q2 2014 and Realized Price per Boe:…
RSP in a Strong Financial Position to Execute its Strategy Financial Strategy Capitalization Table ( in millions) 9/30/2014 Following Q3 capital markets and acquisition activity, RSP had 650 million of liquidity at Cash 151 9/30/14…
Protecting Cash Flows Through Hedging Program RSP has hedged 100% of its projected PDP oil production and more than half of its expected total oil production through the end of next year RSP will continue to add hedges in 2015 and…
RSP Reaffirms Production & Capex Guidance 2014 Production Guidance Summary 2014 Capex Budget (MM) Total Boe/d 11,500 12,000 RSP spent has spent 293 million year to date through Q3 2014, excluding acquisitions % Oil 70% 72% 425 %…
Pad Development Leads to Lumpy Production Completions occur 2+ at a time and lead to inherent lumpiness due to timing At any given time, up to 10% of base production could be shut in for offset fracs 2014 Weekly Net Production &…
2014 YTD Drilling Activity Overview Overview of Drilling Activity During 2014 First Half of 2014 Q3 2014 YTD 2014 Drilled Completed Producing Drilled Completed Producing Drilled Completed Producing Operated Wells Horizontal 17 12 12…
Focus Area Activity Update Overview During the third quarter, RSP completed 9 operated horizontal wells and 12 operated vertical wells in its primary operating area First wells completed in Spanish Trail prospect, including first two…
Spanish Trail Pilots Strong Early Results Spanish Trail Unit N 218 LS 218 MS 218 MS/LS 217 WB/LS 217 WB 217 LS Middle Gun Barrel View 575 Spraberry 700 Lower 4150 Spraberry 525 Dean 140 650 Wolfcamp A 275 Wolfcamp B…
Crossbar Ranch Stacked Lateral Wolfcamp A/B Pilot Cross Bar Ranch MARTIN CO 1717 WB 1717 WA Crossbar 1717 LS Crossbar 2017 DEAN 200 325 300 2017 WA 2017 WB WC A 250 300 150 110 110 WC B 250 ANDREWS CO Cross Bar Ranch…
Johnson Ranch Wolfcamp A/B Spacing Pilot Johnson Ranch Wolfcamp B Full Development W E 1021 WA N 1019 WA Gun 1018 WA Barrel View Lower Gun Barrel View Spraberry Dean 200 1186 1200 Wolfcamp A 250 1023 WB 200 1021 WB…
Dawson Activity Update Overview Acreage Map From Q4 2013 to Q1 2014, RSP spent minimal capital Dawson acquiring 11,481 net acres in southern Dawson County as a low-cost option on the Wolfcamp and Spraberry horizontal play extending…
RSP Continues to Improve on its Horizontal Drilling & Completions Horizontal drilling costs continue to go down, while overall horizontal well costs are flat due to improved completion techniques Drilling Costs Trending Down Improving…
RSPs Vertical Drilling Program Remains Strong RSP Notable Vertical Wells in 2014 & Locator Map Peak 24 HR Peak 30 Day Well (Boe/D) (Boe/D) CALVERLEY 24-04A 677 352 BUS BARN 2619D 527 311 Martin Co. CALVERLEY 09-03A 527 332 ESTES…
Cross Bar Ranch 2017 Stacked Pad Micro Seismic Review Cross Bar Ranch 2017 Stacked Pad Micro Seismic Lateral Wellbore Spacing (Map View) All Stages All Stages All Stages Middle Spraberry Lower Spraberry Wolfcamp A / Wolfcamp B…
Cross Bar Ranch 2017 Stacked Pad Micro Seismic Review Vertical Wellbore Spacing Commentary Vertical wellbore spacing between the MS and LS Middle Spraberry wells is likely excessive, leaving potential for possible Jo Mill…
Cross Bar Microseismic Conclusions and Implications Hypothetical Development Scheme Implied by Cross Bar Ranch Microseismic Study Preliminary Microseismic Conclusions: Middle Spraberry Micro Seismic indicates 10 Middle wells…
Other Initiatives Saltwater Disposal Joint Venture Entered into agreement with multiple operators to drill saltwater disposal wells Secures SWD capacity for substantial portion of RSPs leasehold in its primary operating area…
RSP Permian Planning for the Future Focus on Executing Development of High-Quality Multi-Year Inventory Maximize Efficiency by Continuing 100% Multi-Well, Multi-Zone Pad Development Leverage Results of Science and Pilots in Setting…
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…
Wolfcamp A/B Horizontals Continue to Exceed Expectations RSP has completed 16 wells in the Wolfcamp B and 3 wells in the Wolfcamp A, with an average lateral length of 6,500, including 5 Wolfcamp A/B wells in the third quarter Wolfcamp…
Lower Spraberry Results Also Exceeding Expectations RSP has completed 11 wells in the Lower Spraberry with an average lateral length of 6,600, including 3 in the third quarter Lower Spraberry Type Curve and Operated Well Production…
Initial Middle Spraberry Results Reflect Potential RSP has completed 7 wells in the Middle Spraberry with an average lateral length of 7,100, including 3 in the third quarter Middle Spraberry Type Curve and Operated Well Production…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Horizontal Locations Identified Vertical Locations 3,250 3,000 Operated horizontal locations booked as 5 2,750 wells across a section in Wolfcamp 803…
Acquisitions Create Another Primary Operating Area for RSP Acquisition Acreage Offset by Significant Industry Activity Pioneer Energen Houston Ranch 1H,10H,11H Epley Lease Permitted Locations 4 Permitted Locations 3 Rivers Graves…
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