RSP Permian is an independent oil and natural gas company, which engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The vast majority of the Company's acreage is located on large, contiguous acreage blocks in the core of the Midland and Delaware Basins, sub-basins of the Permian Basin.

Type
Subsidiary
Parent Company
Concho Resources
HQ
Dallas, US
Founded
2009
RSP Permian was founded in 2009 and is headquartered in Dallas, US
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Key People/Management at RSP Permian

Zane Arrott

Zane Arrott

Co-Founder & COO
Eric Daugbjerg

Eric Daugbjerg

EVP Land and Business Development, Co-founder
Steven Gray

Steven Gray

CEO, Director, Co-founder
Scott McNeill

Scott McNeill

CFO and Director
William Huck

William Huck

EVP, Operations, Co-founder

RSP Permian Office Locations

RSP Permian has offices in Midland and Dallas
Dallas, US (HQ)
500 3141 Hood St
Midland, US
800 200 N Loraine St
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RSP Permian Financials and Metrics

Summary Metrics

Founding Date

2009
RSP Permian is a subsidiary of Concho Resources

RSP Permian Financials

RSP Permian's revenue was reported to be $803.71 m in FY, 2017
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

281.9 m284 m353.9 m803.7 m

Revenue growth, %

1%25%

Sales and marketing expense

34.7 m53.1 m57.8 m

General and administrative expense

38.4 m27.3 m36.2 m47.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

51.4 m78.5 m80.6 m55.8 m81.5 m93.6 m169.9 m183.1 m

Sales and marketing expense

12.6 m14.7 m14.3 m13.1 m14.1 m14.2 m25.4 m28.9 m

General and administrative expense

6.4 m6.9 m6.7 m8 m9.1 m8.9 m11.7 m12.3 m

R&D expense

1.2 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

56.3 m142.7 m690.8 m38.1 m

Accounts Receivable

40.4 m36.3 m73.7 m111.2 m

Inventories

1.9 m1.2 m

Current Assets

173.7 m187.5 m776.3 m149.3 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

14.7 m151.5 m102.8 m44.1 m57.3 m73.6 m32.9 m22.4 m54.3 m33.8 m

Accounts Receivable

32.3 m34.5 m43.5 m61.8 m63.1 m30.8 m34.6 m57.5 m75.9 m73 m

Current Assets

49.8 m196.4 m205.1 m139.1 m149.9 m109.6 m72.9 m84.8 m146.1 m129.2 m

Total Assets

1.6 b2.2 b2.4 b2.4 b2.8 b2.9 b2.9 b3 b5.7 b5.9 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.5 m(18.3 m)(24.9 m)232.1 m

Depreciation and Amortization

87.8 m154 m194.4 m279.7 m

Inventories

(202.3 k)

Accounts Payable

17.2 m2.9 m(7 k)11.7 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(119.3 m)(87 m)(1 m)(6.5 m)2.5 m(17.4 m)(27.2 m)(26.2 m)38.9 m70 m

Depreciation and Amortization

38.1 m57.1 m31.5 m71.1 m114.2 m44.6 m91.9 m141.9 m61 m129.1 m

Accounts Payable

9.9 m17.3 m(13.6 m)(12.8 m)(24.3 m)11.5 m(127 k)11.6 m17.8 m6.1 m

Cash From Operating Activities

97.1 m157.3 m4.8 m91.6 m127.1 m26 m65.4 m119.8 m106.9 m227.8 m
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RSP Permian News and Updates

BRIEF-Concho Resources Says Upon Deal Termination With RSP Permian, Co To Pay RSP A Fee Of $350 Million

* CONCHO RESOURCES SAYS UPON DEAL TERMINATION WITH RSP PERMIAN UNDER SPECIFIED CIRCUMSTANCES, CO TO PAY RSP A FEE OF $350 MILLION - SEC FILING

UPDATE 1-Oil producer Concho to buy rival RSP Permian for about $8 bln

March 28 (Reuters) - Oil and gas producer Concho Resources Inc said on Wednesday it would buy smaller rival RSP Permian Inc in an all-stock deal valued at about $8 billion to expand its presence in the Permian Basin.
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