Operational Updates
Rosetta Resources Hits Record Production in Eagle Ford
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Rosetta Resources Inc. has reported third quarter 2012 net income of $17.7 million, or $0.33 per diluted share, versus net income of $31.9 million, or $0.61 per diluted share, for the same period in 2011.
"This quarter we began to fully realize the benefit of our development programs in the Eagle Ford shale as record volumes were brought onto production. Not only did we see marked increases on a year-over-year basis but we also achieved another period of double-digit quarter-over-quarter production growth," said Randy Limbacher, Rosetta's chairman, CEO and president. "Our commodity mix also continues to move favorably toward a larger percentage of higher-valued liquids products, that when combined with our increased volumes have led to greater revenues. We are on track for another year of…
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