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HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Mar 23, 2015 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 1
    43rd Annual Energy Conference Rosetta Resources Inc. March 23, 2015 Jim Craddock Chairman, Chief Executive Officer and President PERMIAN BASIN + EAGLE FORD NASDAQ: ROSE
  2. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 2
    Rosetta Resources Overview Ticker: ROSE Market Summary Market capitalization: 1.1 billion Core Operating Areas (March 3, 2015 Close) Share price: 18.01 Non-Core Acreage Enterprise value: 3.1 billion Eagle Ford Operating Areas…
  3. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 3
    Company Long-Term Strategy Key Elements Maintain Actively manage solid balance sheet for optimum financial flexibility Financial Strength Ensure adequate liquidity throughout cycles & Flexibility Manage exposure to commodity price risk…
  4. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 4
    2015 2016 Strategic Update 2015 Capital by Two-year capital program of up to 350 million Division1 per year Other 11% Non-Op Operate within cash flow; no additional debt Eagle Ford 11% 49% Defend an average annual production…
  5. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 5
    2015E Capital Program Up To 350 Million Drilling & Completion millions Drill 18 gross operated wells (11 Eagle Ford, 7 Permian) 50 Complete 28 gross operated wells (20 Eagle Ford, 8 Permian) 150 200 Non-Drilling & Completion -…
  6. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 6
    Debt and Capital Structure Debt Structure Capital Structure (MM) (MM) 3,500 8.0% 4,500 60% 55% 7.2% 7.0% 4,000 3,000 53% 3,669 50% 6.0% 3,500 6.0% 2,500 5.8% 3,000 2,848 40% 5.0% 1,669 2,000 2,000 2,500 34% 4.0% 30% 1,348…
  7. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 7
    Commodity Derivatives Position Feb 24, 2015 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 100 30,000 100 50 26,400 90 25,000 7,000 80 31.90 4.13 70 70 20,000 30 12,000 60 4.04 15,000 50 89.81 50 40…
  8. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 8
    Liquidity Total Liquidity (Millions) Adequate liquidity to fund 994 2015 capital program 1,000 900 950 million borrowing 800 base 700 634 800 million committed 600 800 amount 500 452 212 million outstanding on February…
  9. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 9
    Reserves and Production Year-End Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Total Company Estimate Ranges 1100 1,046 70 64 - 67 66 1000 58 - 62 58 - 62 900 878 60 800 50 50 700 765 600 578 570 40 37…
  10. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 10
    Unconventional Well Performance Metrics Gates Ranch Far South Year 2 % EUR % Total Produced PV10 30% 47% Note: Cash flows exclude capital costs. EUR = Estimated ultimate recoveries in MBoe. PV10 = Present value at an annual…
  11. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 11
    Retain Core Acreage Positions Two-Year Asset Name 12/31/2014 12/31/2015 12/31/2016 Change Liquids Rich 49,900 46,900 46,900 (3,000)1 Dry Gas 12,700 3,800 3,800 (8,900) Eagle Ford Total 62,600 50,700 50,700 (11,900) Reeves…
  12. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 12
    Permian Horizontal Development Plan 12/31/2014 1,734 Gross (Avg. 80% WI) Rodeo State 13 3H Horizontal Well Locations1 7-IP 1,120 Deacon Jim 6 1H 30-IP 917 7-IP 693 A 4Q 30-IP 273 3Q A City of Pecos 13 3H 7-IP 1,053 Johnny Ringo St…
  13. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 13
    Completion Design Improvements Wolfcamp A Wells Rate Comparisons 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 500 30-DAY BOEPD per 1,000' LATERAL (3-Stream) 450 433 392 400 357 350 321 290 292 300 273 267 268 245…
  14. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 14
    Gates Ranch 26,300 net acres in Webb County Upper EF Pilot 1st Pilot 10 miles 4th Pilot 2014 Summary Completions to date: 196 gross completions Locations remaining: 214 LEF net well locations1 Average2 Lower EF Well…
  15. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 15
    Briscoe Ranch 3,600 net acres in southern Dimmit County Briscoe Ranch 38-1 Upper Eagle Ford Well (10,000 ft lateral) 2014 Summary Completions to date: 29 gross completions Locations remaining: 39 net well locations Average…
  16. HOWARD WEIL 43RD ANNUAL ENERGY CONFERENCE – Rosetta Resources, Inc. – slide 16
    Investment Summary Drill-bit focused producer with core acreage positions in Eagle Ford and Permian Basin plays Attractive core Delaware Basin position under delineation Successful operator in the high-return Eagle Ford area,…

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