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Permian Basin 2017

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PERMIAN BASIN: KEY PLAYERS UGcenter.com | November 2017 | 39 RSP recently closed bolt-on acquisitions of lease- hold acreage and mineral interests in the heart of the company's Delaware Basin position for an aggregate purchase price of $227.9 million, acquiring about 6,000 net acres, 4,500 net royalty acres and 500 boe/d of production. The leasehold acquisitions increase RSP's working interest in 14 sections to a majority working interest position and allow the company to extend lateral lengths while the mineral interests provide immediate uplift to returns without any incremental capital requirements or production- related expenses, the company said. The Ludeman K 2105H Delaware Basin Lower Wolfcamp A well established a peak 30-day aver- age rate of 1,905 boe/d or 401 boe/d per 1,000 ft (73% oil). The Crockett Reese St B 2403H Delaware Basin Lower Wolfcamp A well established a peak 30-day average rate of 1,706 boe/d or 247 boe/d per 1,000 ft (73% oil) and has produced 147 Mboe in 115 days, the report stated. The Rudd Draw 26-21 01H Delaware Basin Wolfcamp XY well established its peak 30-day average rate of 2,020 boe/d or 301 boe/d per 1,000 ft (74% oil) after 189 days online and has produced 300 Mboe in that time period. And four Midland Basin wells targeting the Wolfcamp A and B in western Glasscock County established an average peak 30-day rate of more than 1,300 boe/d, including the Calverley 22 27 102H at 1,597 boe/d or 209 boe/d per 1,000 ft (68% oil), the report stated. CEO Steve Gray said in the second-quarter report that the company's "infrastructure projects are on schedule, and we will begin growing our production volumes in the Delaware Basin in the second half of the year. Our Delaware Basin wells continue to exceed our acquisition estimates, and we expect to complete wells in five distinct zones during the second half of this year. In the Mid- land Basin, we continue to achieve outstanding

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