RSP Permian Reports Sharp Rise in Fourth-Quarter Profits, Cuts Back on Capex in 2015

SUGAR LAND--March 18, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Impacted by low commodity prices, oil and gas producer RSP Permian (NYSE:RSPP) (Dallas, Texas) is budgeting $400 million to $450 million in capital expenditures for this year, roughly half that of 2014, according to its earnings release. The company operates in the Spraberry and Wolfcamp zones of the Permian Basin. Industrial Info is tracking RSP Permian's 2015 and 2016 oil and natural gas drilling programs for a lease near Midland, Texas.

Within this article: Fourth-quarter earnings results and planned projects from RSP Permian.