RSP Permian makes Northern Midland Basin acquisitions for $259M

|About: RSP Permian (RSPP)|By:, SA News Editor

RSP Permian (RSPP -1.8%) announces agreements with multiple sellers to acquire undeveloped acreage and oil and gas producing properties located in Texas' Midland Basin for a total of ~$259M.

Aggregate current net production is ~1,106 boe/day (74% liquids), with 13 vertical wells drilled to date .

RSPP plans to fund the deals via a combination of borrowings and potential equity market transactions.