Let 𝑋 be a compact subset of the complex plane and denote by 𝑅𝑝(𝑋) the closure of rational functions with poles off 𝑋 in the 𝐿𝑝(𝑋) norm. We show that if a point 𝑥0 admits a bounded point derivation on 𝑅𝑝(𝑋) for 𝑝 > 2, then there is an approximate derivative at 𝑥0. We also prove a similar result for higher order bounded point derivations. This extends a result of Wang, which was proven for 𝑅(𝑋), the uniform closure of rational functions with poles off 𝑋. In addition, we show that if a point 𝑥0 admits a bounded point derivation on 𝑅(𝑋) and if 𝑋 contains an interior cone, then the bounded point derivation can be represented by the difference quotient if the limit is taken over a non-tangential ray to 𝑥0. We also extend this result to the case of higher order bounded point derivations. These results were first shown by O'Farrell; however, we prove them constructively by explicitly using the Cauchy integral formula.