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Rosetta Revises Budget 2015 Plans Again; Drill to Hold Lease
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Rosetta Resources Inc. has announced its strategic plan to hold its core acreage positions and prudently develop its portfolio of projects in a manner that conserves inventory for a commodity price recovery and maintains the strength of the Company's balance sheet.
The company plans to reduce capEx from the initial anncoucement of $800 million to its cash flow ($350 million)
Flat production of 60 Mboe/d for 2015 and 2016 with $350million Capex.
Operational and Production Outlook The first year of the Company's two-year operational program is based on completing roughly 20 gross operated wells in the Eagle Ford and eight gross operated wells in the Permian. The Company will focus on the high rate of return areas in the southern Gates Ranch and the Wolfcamp…- ✓ Full news archive — U.S., Canada & international coverage
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