Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Rosetta Ramps Up Reserves; Talks Wolfcamp, Eagle Ford Success
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Rosetta Resources Inc. reported preliminary operational results for 2013 that includes growth in excess of 30 percent for both production and proved reserves.
Highlights: Increased total annual daily production to 50 MBoe/d or 34 percent growth over 2012 Achieved 39 percent growth in proved reserves to 279 MMBoe, or 528 percent production replacement Established preliminary ultimate recovery estimate for Delaware Basin horizontal upper Wolfcamp wells Executed definitive agreement to acquire 5,000-acre bolt-on acquisition in the Delaware BasinThe Company also announced plans to acquire additional Delaware Basin acreage to expand its core Reeves County position. Rosetta plans to report final 2013 financial and operational results on Monday, February 24, 2014.
Jim Craddock, Rosetta's…
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