RSP Permian closes Midland Basin acquisition

RSP Permian Inc. (NYSE: RSPP) has closed its acquisition of undeveloped acreage and oil and gas producing properties in the Midland Basin from Wolfberry Partners Resources LLC for a purchase price of $137 million.

Since August, RSP has acquired approximately 10,700 net acres in the Midland Basin, mostly offsetting or in close proximity to existing operations, and has increased the company's horizontal inventory in its core focus area by over 25%.

Tudor, Pickering, Holt & Co. advised Wolfberry Partners Resources on the sale.

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