Rosetta Resources Inc. First Quarter 2014 Earnings Review
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 1
Overview Jim Craddock Set record levels of daily equivalent production, daily oil production, and daily NGL production Increased total daily equivalent production 16 percent versus 2013 Increased total daily oil production 30 percent…
2014 Guidance Production Guidance (MBoe/d) Average daily production 60 - 65 Expense Guidance (/Boe) Direct Lease Operating Expense 2.85 - 3.10 Workover Expenses 0.60 - 0.70 Insurance 0.05 - 0.05 Ad Valorem Tax(1) 0.65 - 0.75…
Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian Acquisition 288 MMBoe Total Company Guidance Range 879 70 900 60 - 65 65 800 60 60 Divested 11 MMBoe 54 700 50 50 600 578 570…
Tom Hanks Eagle Ford P50 Type Curve 346 MBoe (82% Oil / 8% NGLs) Normalized BOE (bbl/d) - 3-Stream Normalized Time (Days) Normalized to 5,000 lateral length 5
UPPER EAGLE FORD PILOT UPDATE
Upper Eagle Ford Pilot Areas 7
Upper Eagle Ford Pilot Program The targeted reservoir is the rock greater than 150above the base of Eagle Ford Southern Gates Type Log Target Reservoir Rock being ineffectively stimulated by Lower EF well (+/- 130 ft) Upper…
Upper Eagle Ford Pilot Program The targeted reservoir does not exist in the thinner parts of the play Southern Gates Type Log Tom Hanks Type Log Targeted Reservoir No Target A lower Eagle Ford landing A zones 9
Upper Eagle Ford Pilot Program Future Plans are to pilot test the Upper Eagle Ford at North Gates & Briscoe Ranch ... A Pilot 1 Pilot 4 Pilot 2 Pilot 3 Future Pilot Future Pilot (East Gates) (East Gates) (South Gates) (L&E) (North…
Upper Eagle Ford Pilot Program Pilot 1: East Gates Row 2 in Northern Webb County Gates Eastern Upper Eagle Ford Pilot AVG Gates East Upper Eagle Ford Offsets AVG Gates East Upper Eagle Ford 10,000 Underlying Lower EF Well CUM: 175…
Upper Eagle Ford Pilot Program Pilot 2: South Gates in Northern Webb County Gates Southern Upper Eagle Ford Pilot AVG Gates South Upper Eagle Ford Offsets AVG Gates South Upper Eagle Ford 10,000 Average Underlying Lower EF Wells…
Upper Eagle Ford Pilot Program Pilot 3: L&E Asset in Central Dimmit County L&E Upper Eagle Ford Pilot AVG L&E Upper Eagle Ford Offsets AVG L&E Upper Eagle Ford 10,000 Average Underlying Lower EF Well CUM: 55 MBOE EUR: 900 MBOE…
Upper Eagle Ford Pilot Program Pilot 4: East Gates Row 3 in Northern Webb County Varied Targeted Landing Depth Varied Completion Designs +/- 110 ft +/- 150 ft 14
Upper Eagle Ford Pilot Program Various landing depths are being targeted in the Upper Eagle Ford to improve stimulation effectiveness Upper EF Upper EF Estimated Total EF Upper EF Target Targeted Ultimate Thickness Wells Pilot…
PERMIAN HORIZONTAL UPDATE
Permian Horizontal Development Plan 3/31/2014 1. Horizontal project count is operated and non operated and includes multiple horizons (Wolfcamp A, B, C, and 3rd Bone Spring). 17
Permian Horizontal Inventory 3/31/2014 Gross Hz Net Hz P1, P2, P3 Locations Locations Wolfcamp A 430 359 Wolfcamp B,C 290 248 3rd Bone Spring 274 226 TOTAL OPERATED 994 833 Wolfcamp A 103 31 Wolfcamp B,C 51 15 3rd Bone…