Rosetta Resources Inc. Third Quarter 2012 Earnings Review November 8, 2012 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
Earnings Call Agenda Opening Comments Randy Limbacher Financial Update John Hagale Operations Update Jim Craddock Asset Development Update John Clayton Closing Remarks Randy Limbacher 2
Overview Randy Limbacher Strong second half production results 45% increase in year-over-year total production All-time high levels of quarterly liquids production Almost 70% increase in year-over-year Eagle Ford daily volumes…
Financial Update John Hagale Operating cost improvements reflect lower per unit total LOE and lower unit treating and transportation costs Borrowing base reconfirmed at 625 million; 455 million available under Credit Facility…
Fourth Quarter Expense Guidance 2012 4th Quarter /BOE Direct Lease Operating Expense 2.40 - 2.50 Insurance 0.05 - 0.06 Ad Valorem Tax 0.33 - 0.35 Treating and Transportation 4.00 - 4.10 Production Taxes 1.52 - 1.60 DD&A 11.50 -…
Operations Update Jim Craddock Completed 100th Eagle Ford producing well Spent 188 million in third quarter 2012 capex; drilled 25 gross wells with 100% success rate and completed 16 Averaged record quarterly production of 37.1…
Asset Development Update John Clayton Gates Ranch down-spacing performance Moving forward with 475-foot (55-acre) well spacing Downspaced wells performing in line with comparable offset wells Full development of 428 horizontal…
Well Performance on 55 acres Wells spaced at 55 acres compared to similar offsetting wells spaced at 100 acres These 9 wells are our largest continuous group of producing These 9 wells are performing in line wells that are…
Central Dimmit County Area Light Ranch 1H Vivion 1H Discovery Well Initial Rate* 10/2010 Discovery Well Initial Rate* 9/2011 987 Boe/d, 78% Liquids 680 Boe/d, 89% Liquids (510 Bo/d, 260 B/d NGLs, 1,300 Mcf/d) (506 Bo/d, 102 B/d…