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March 31, 2014
08:07 EDTRSPPRSP Permian reports FY13 EPS 56c, consensus 53c
Reports average production of 7,293 Boe/d in 2013, a 43% increase over 2012's average of 5,089 Boe/d; Adjusted EBITDAX of $152M in 2013, a 57% increase over $97M in 2012; Proved reserves of 54 million Boe, an increase of 10 million Boe, or 24%, from 2012 proved reserves of 44 million Boe; Acquisition of Spanish Trail assets for $155M. Says Horizontal Wolfcamp results tracking expectations and early horizontal Spraberry results outperforming type curve and economic returns look as strong as the Wolfcamp. Production volumes for the year ended 2013 averaged 7,293 Boe/d or a total of 2,662 MBoe. Production volumes for the quarter ended December 31, 2013 averaged 7,837 Boe/d or a total of 721 MBoe.
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September 2, 2014
08:24 EDTRSPPRSP Permian closes acquisitions in Glasscock County for $275M
Permian has closed its previously announced acquisitions in Glasscock County for an aggregate purchase price of $257M in cash, subject to certain post-closing adjustments. The acquired properties include over 125M Boe of resource potential based on internal estimates and are 100% operated by RSP. In conjunction with the closing of the acquisitions, RSP announces that the Company has closed an amendment to its revolving credit facility that provides for, among other things: increasing the borrowing base to $500M from $375M; increasing the lenders' maximum facility commitments to $1.0B from $500M; extending the maturity date two additional years to August 2019; and allowing RSP the ability to issue senior notes.

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