RSP PERMIAN, INC. (NYSE:RSPP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b) On April 17, 2017, Barry S. Turcotte notified RSP Permian, Inc. (the “Company”) that he will resign as the Company’s Chief Accounting Officer, effective May 15, 2017, in order to accept a senior executive position at another company. Following Mr. Turcotte’s resignation, Scott McNeill, the Company’s Chief Financial Officer, will serve as the interim chief accounting officer while the Company searches for a replacement for Mr. Turcotte. Information regarding Mr. McNeill’s background and business experience, contracts between the Company and Mr. McNeill and any related party transactions involving Mr. McNeill is incorporated by reference herein from the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 29, 2016. Mr. Turcotte’s decision to resign was not due to any disagreement relating to the Company’s management, policies or practices.
About RSP PERMIAN, INC. (NYSE:RSPP)
RSP Permian, Inc. is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Company operates through the oil and natural gas exploration and production industry in the United States segment. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock. The Company has drilled Lower Spraberry horizontal well and a Middle Spraberry horizontal well in the Permian Basin. In addition, it has also drilled a Wolfcamp B horizontal well in the North Midland Basin. The Company’s estimated proved oil and natural gas reserves are approximately 159.2 million barrels of oil equivalent (MMBoe). Of the Company’s reserves, approximately 41% were classified as Proved developed producing. RSP PERMIAN, INC. (NYSE:RSPP) Recent Trading Information
RSP PERMIAN, INC. (NYSE:RSPP) closed its last trading session up +0.30 at 37.30 with 2,911,441 shares trading hands.