Jennifer Warren
Research analyst, commodities, macro, natural resources

Technocratic, Savvy Permian Player's New Moves: RSP Permian

RSP Permian (NYSE:RSPP), a recent IPO, is a pure-play exploration and production firm owning 33,933 net acres exclusively in the Permian Basin's prolific Midland Basin. This makes RSP Permian's relative acreage holdings closer to Callon Petroleum (NYSE:CPE) (35,000 net acres), Quicksilver Resources (NYSE:KWK) (37,000 net acres) and WTI, with 25,730 acres, or half of Diamondback (NASDAQ:FANG) at 66,000 net acres. All of RSP's acreage is located in Tier 1 Wolfcamp prospectivity per Pioneer Natural Resources' (NYSE:PXD) year-end assessment, a high quality area. They have 52.2 million of proved reserves (BOE) with 81% liquids (62% oil). Net production in the third quarter 2013 was 8,155 boe/d. For many Permian producers, fourth

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