Fourth Quarter & Year-End 2014 Presentation March 2015
RSP Permian Overview Large, contiguous, core acreage blocks in the Midland Basin Contiguous Acreage in the Core of the Midland Basin 188,000 net effective horizontal acres (1) and 47,000 net surface acres (95% operated, 99% rights to…
2014 Highlights 2014 average production increased 63% over 2013 to 11.9 MBoe/d Q4 production of 16.1 MBoe/d doubled the production at the time of the IPO in early 2014 Proved reserves approximately doubled to 106.4 MMBoe at year-end…
Successful Track Record of Production Growth RSP has doubled production since the IPO in early 2014 Monthly Net Production Over Operating History (1) Annual Production Growth (1) 20,000 16,000 15,000 +52% 18,000 Boe/d 10,000…
Fourth Quarter and Year-end 2014 Financial Results Q4 2014 production averaged 16.1 MBoe/d (73% Oil, 17% NGLs, 10% Natural Gas) Increase of 106% over pro forma Q3 2013 Q4 Financial Results Increase of 44% increase over Q3 2014…
Proved Reserves Doubled in 2014 Proved Reserves Growth Approximately doubled both Proved Developed and Proved Undeveloped Reserves year over year 106.4 Only 5% of RSPs horizontal locations are booked as PUDs 100 Reserve life of…
RSP in a Strong Financial Position to Execute its Strategy Financial Strategy Capitalization Table Following capital markets and acquisition ( in millions) 12/31/2014 activity during 2014, RSP had 556 million of Cash 56 liquidity…
Fourth Quarter Operational Highlights Completed 10 operated horizontal wells (3 in the Middle Spraberry, 4 in the Lower Spraberry, 1 in the Wolfcamp A, and 2 in the Wolfcamp B) & 16 operated vertical wells Participated in the…
2014 Drilling Activity Overview During 2014, RSP drilled 41 operated horizontal wells and completed 33 horizontal wells in five different zones and drilled 47 operated vertical wells and completed 41 vertical wells During the year,…
Horizontal Activity During 2014 In 2013 and early 2014, the majority of RSPs wells All Horizontal Completions in Focus Area were drilled on the western side of our focus area Wolfcamp A/B Lower Spraberry Mid. Spraberry Wolfcamp D In…
Leader in Multi-Zone Horizontal Development in the Midland Basin As on operator, RSP has tested at least 7 different combinations of multi-zone, multi-well pad development RSP expects strong results as it develops across all areas of…
Optimizing RSPs Drilling Program to Maximize Returns Phase 1 Phase 2 Phase 3 Late 2012 Mid 2013 Mid 2013 2014 2015 Exploring the horizontal potential Delineating and defining productivity Implement lessons learned in the of core area…
2015 Capital Program Rationale High-grading drilling in 2015: Drilling and capital decisions based on targeted returns at the drillbit, not production targets Spending 85-90% of drilling & completion budget on horizontal Wolfcamp A,…
RSP Permian 2015 Guidance Production Capital Program Overview 20,000 (MM) 18,500 17,000 Drilling & Completion 380 - 420 17,500 Boe/d 14,000 Infrastructure & Other 20 - 30 11,000 Total Capital Budget 400 - 450 8,000 11,868…
Single-Well Economics in 2015 Horizontal Capital Plan 2015 activity will focus on high return zones and areas, and drill 7,500 laterals on average 80% of RSPs net Focus Area horizontal locations are on leases that reflect a higher area…
Core Acreage is Well-Suited for Development Advantages for Contiguous RSPs Acreage Positions in Focus Area Core of the Midland Basin Operating areas in a concentrated proximity Shared infrastructure 89% HBP 100% All Depths…
A MARTIN Strong Geology Profile on RSPs Glasscock Acreage B MIDLAND GLASSCOCK Upper Wolfcamp & Lower Spraberry sections thicken across the basin into Western Glasscock County from RSPs historical operating area C D A B C…
Industry Activity Near RSPs Glasscock Acreage Reflects Potential Industry Activity Near RSPs Glasscock Area Pioneer Flanagan Midland Glasscock Pioneer Lower Spraberry / Wolfcamp B Houston Ranch Permitted Locations Pioneer E.T.…
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 12 Months Ended…
Protecting Cash Flows Through Hedging Program RSP has hedged the vast majority its projected PDP oil production and approximately half of its expected total oil production through the end of 2015 Oil Hedge Summary Q1 2015 Q2 2015 Q3…
Extensive Multi-Year Drilling Inventory with Strong Rates of Return Identified Horizontal Locations Identified Vertical Locations 3,500 3,250 Operated horizontal locations booked as 5 wells across a 3,000 section in Wolfcamp (1,100…
Wolfcamp A/B Horizontals Continue to Perform on Target RSP has completed 16 wells in the Wolfcamp B and 3 wells in the Wolfcamp A, with an average lateral length of 6,500 Type curve reflects an estimation of the average well in RSPs…
Lower Spraberry Results Continue to Exceed Expectations RSP has completed 13 wells in the Lower Spraberry with an average lateral length of 7,100 Type curve reflects an estimation of the average well in RSPs remaining Focus Area…
Initial Middle Spraberry Results Reflect Potential RSP has completed 9 wells in the Middle Spraberry with an average lateral length of 7,400 Type curve reflects an estimation of the average well in RSPs remaining Focus Area inventory…
Some Key Takeaways from Science Phase Longer Laterals Should Result in Better Returns Develop Zones Simultaneously Below is a plot of the expected IRR for RSPs actual horizontal PDP RSP has done primarily simultaneous Wolfcamp A/B…
RSP Testing Full Development At Johnson Ranch Section 10, RSP has already drilled 10 Wolfcamp A / Wolfcamp B wells across a mile; all 10 wells should be completed during 2015 Beginning in August 2015, RSP will begin a Lower Spraberry…
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…
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