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Rosetta Eyes Eagle Ford, Permian Growth; Talks Q1 Results

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Rosetta Eyes Eagle Ford, Permian Growth; Talks Q1 Results

Rosetta Resources Inc. reported first quarter 2013 net income of $53.5 million, or $1.01 per diluted share, versus net income of $22.3 million, or $0.42 per diluted share, for the same period in 2012.

The income increase was due to production growth and a higher liquids mix.

Highlights: Increased total daily production by 39 percent versus 2012 and 6 percent quarter-over-quarter Achieved 54 percent growth in Eagle Ford production with 70 percent growth in daily oil production versus 2012 Announced entry into Permian's Delaware Basin and raised over $1 Billion in capital

Jim Craddock, Chairman, President & CEO, commented: "Rosetta's first quarter results reflect a strong start in 2013 with record levels of production. We will continue to focus on efficient operational execution as we…

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