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RSP Permian makes Northern Midland Basin acquisitions for $259M

Jul. 25, 2014 9:48 AM ETRSP Permian (RSPP) StockBy: Carl Surran, SA News Editor
  • RSP Permian (NYSE: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.

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