Exploration & Production | Operational Updates
Rosetta to Maintain Six Rig Eagle Ford Program; Plans 80 Wells
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In the first quarter of 2013, Rosetta made capital investments of approximately $161 million, drilling 24 gross wells with a 100 percent success rate and completing 17 wells. The Company operated five to six rigs in the Eagle Ford area during the quarter. At the end of the quarter, 38 drilled wells were awaiting completion.
Rosetta currently plans to drill 75 to 80 wells and complete 60 to 65 Eagle Ford wells during 2013. During the second quarter of 2013, the Company expects to complete 15 to 20 Eagle Ford wells and continue to operate five to six rigs in the play, including two to three rigs in the Gates Ranch area.
The following table details Rosetta's Eagle Ford gross well completion activity by area:Since beginning operations in the Eagle Ford area, Rosetta has completed 142…
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