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Rosetta Tags 22 Completed Wells; Updates Permian, Eagle Ford

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Rosetta Tags 22 Completed Wells; Updates Permian, Eagle Ford

Rosetta Resources Inc. reported second quarter 2013 net income of $75.4 million, or $1.27 per diluted share, versus net income of $77.0 million, or $1.46 per diluted share, for the same period in 2012. 

Highlights include: Completed acquisition of new core area in Permian's Delaware Basin Expanded ownership interest in Gates Ranch leasehold Successfully delineated new productive Eagle Ford acreage in northern LaSalle and Live Oak Counties Increased total daily production by 46 percent versus 2012 and by 4 percent quarter-over-quarter Reaffirmed 2013 annual guidance for capital, production, and expenses

Adjusted net income (non-GAAP) for the quarter was $52.3 million, or $0.88 per diluted share, versus $30.6 million, or $0.58 per diluted share in 2012. The increase in non-GAAP net income…

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