RSP Permian commences public offering of common stock

RSP Permian Inc. (NYSE: RSPP) has commenced an underwritten public offering of 20,000,000 shares of its common stock.  The company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of the company's common stock.  The company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of Silver Hill Energy Partners LLC and Silver Hill E&P II LLC. The offering is not conditioned on the consummation of the acquisition, and if the acquisition does not occur, the net proceeds will be used for general corporate purposes, which may include funding a portion of the company's 2017 capital budget.

Barclays Capital Inc. and RBC Capital Markets LLC are acting as lead joint book-running managers for the offering.

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