Exploration & Production | Operational Updates
Rosetta Driving Eagle Ford Well Cost Down; Grows Production
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Rosetta Resources reported preliminary operational results for 2012 that include double-digit growth in production and proved reserves and significantly reduced well costs. The Company plans to report final 2012 results on Monday, February 25, 2013.
"During 2012 we ramped up our development efforts in the Eagle Ford shale expanding our drilling program into four areas," said Randy Limbacher, Rosetta's chairman, CEO and president. "We continue to demonstrate the high quality of our portfolio and our ability to deliver sustained growth and create long-term value from the area. Our results were favorably impacted by rapidly decreasing well costs during the second half of the year that further enhanced asset values and will provide greater flexibility in implementing our 2013 capital program."
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