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Jefferies Companys Global Energy Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Nov 28, 2012 · 33 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. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 1
    Jefferies 2012 Global Energy Conference Rosetta Resources Inc. John D. Clayton Senior Vice President, Asset Development November 28, 2012 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
  2. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 2
    Company Profile A leading pure-play producer in the Eagle Ford shale in South Texas An inventory of high-return, low-risk unconventional drilling opportunities offering long-term production and reserve growth and a balanced…
  3. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 3
    Company Strategy Leverage high-graded asset base Strengthen position as a leading pure Eagle Ford shale player Develop and convert inventory of over 500 MMBoe with 15 years of drilling opportunities Expand production base with about…
  4. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 4
    LEVERAGE HIGH-GRADED ASSET BASE 6
  5. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 5
    Significant Growth in Asset Net Resources Total Net Risked Resources Since 2009, proved reserves more than (MMBoe) 700 doubled; total risked resources nearly tripled Total project inventory, including PUDs, 600 578 grew from 150…
  6. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 6
    Quarterly Production Performance MBoe/d 50 Nov 7, 2012 Eagle Ford Divested/Other Guidance 39 - 44 45 41 40 37.1 35 33.8 33.4 36.5 32.0 30 32.2 26.8 30.4 25.9 25.6 24.0 24.5 27.4 25 22.4 20.7 20 21.6 21.7 15 14.9…
  7. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 7
    SUCCESSFULLY EXECUTE BUSINESS PLAN 9
  8. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 8
    2012E Capital: 660-680 Million By Region Run four- to five-rig program in Eagle Ford area Other Exploration Approximately 60 completions for year 3% 6%-8% 43 Eagle Ford completions thru September Estimate 15 to 20 Eagle Ford…
  9. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 9
    Eagle Ford Growth Profile MBoe/d 60 Exit Rate Guidance Eagle Ford production averaged (As of 11/7/2012) 36.5 MBoe/d during 3Q 2012 39 - 44 MBoe/d 50 60.3% total liquids 29.8% oil / 30.5% NGLs 1st 9 Months 2012 Program 40 43…
  10. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 10
    Top 20 Eagle Ford Operators % of Eagle Ford Shale Production Gross Boe/d per Well 1 13.0% A 600 2 9.6% ROSE 419 3 9.4% C 394 4 8.8% D 359 5 7.7% E 353 6 6.4% F 344 7 5.2% G 330 8 4.8% H 317 9 4.1% I 290 ROSE 4.1% J 265 11…
  11. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 11
    Gates Ranch Summary 26,500 net acres in Webb County 84 completions as of 9/30/2012 1Q & 2Q 2012: 16 completions 3Q 2012: 12 completions 344 well locations remaining under current 55-acre spacing assumptions Average Well…
  12. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 12
    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…
  13. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 13
    Gates Ranch Well Performance North and South Areas South Type Curve 1.9 MMBoe Composite Type Curve 1.7 MMBoe (23% Oil / 32% NGLs) North Type Curve 1.4 MMBoe 15
  14. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 14
    Eagle Ford Multiple Takeaway Options Gas Transportation Capacity Oil Transportation Capacity Firm gross wellhead gas takeaway Gates Ranch, Briscoe Ranch and Central Dimmit Co. 195 MMcf/d today Plains Crude Gathering Firm gathering…
  15. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 15
    TEST FUTURE GROWTH OPPORTUNITIES 17
  16. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 16
    Eagle Ford Shale Activity Net Area Window Acreage Operating 5 rigs total, with 2 - 3 rigs in Gates Ranch and remainder in Briscoe Ranch, Central Dimmit County and Gates Ranch Liquids 26,500 Karnes Trough area Non-Gates Ranch…
  17. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 17
    Briscoe Ranch Summary Discovery Well Initial Rate* 10/2011 3,545 net acres in southern Dimmit 1,990 Boe/d, 68% Liquids County (850 Bo/d, 490 B/d NGLs, 3,900 Mcf/d) 4 completions as of 9/30/2012 3Q 2012: 3 completions 64 well…
  18. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 18
    Briscoe Ranch Type Curve Briscoe Ranch Daily Production 10,000 P50 Type Curve 893 MBOE 24% Oil / 36% NGLs Daily Equivalent Oil Production(BOED) 1,000 100 0 50 100 150 200 250 300 350 400 Days 20
  19. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 19
    Karnes Trough Area Adele Dubose 1H SUMMARY Delineation Well Initial Rate* 2/2012 1,463 Boe/d, 76% Oil 1,900 net acres; located in oil window (1,109 Bo/d, 153 B/d NGLs, 1,200 Mcf/d) 10 total completions as of 9/30/2012 1Q 2012: 2…
  20. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 20
    Klotzman Type Curve Klotzman Daily Production 10000 P50 Type Curve 665 MBOE 68% Oil / 13% NGLs Daily Equivalent Oil Production (BOED) 1000 100 0 50 100 150 200 250 300 350 400 Days 22
  21. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 21
    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…
  22. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 22
    Eagle Ford Inventory +/- 880 net wells remaining as of 9/30/2012 Briscoe Central Karnes Undelineated Gates Ranch Encinal (75% NRI) Ranch Dimmit Trough Acreage* (75 77% NRI) Total (81.3% NRI) (75 77% NRI) (75 80% NRI) (75 77%…
  23. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 23
    FINANCIAL STRENGTH AND FLEXIBILITY 25
  24. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 24
    Margin Expansion 50.00 47.70 46.37 43.71 43.57 43.01 41.72 41.27 39.68 40.00 37.63 36.30 33.62 30.00 20.00 17.44 16.84 15.95 15.66 13.79 13.64 14.26 14.26 13.40 13.34 10.00 11.63 0.00 1Q 2010 2Q 2010 3Q 2010…
  25. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 25
    Commodity Derivatives Position November 7, 2012 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 16,000 15,250 60 7,500 14,000 50 50 12,300 20 12,000 4,700 41.96** 40 40 40 3.98 10,000 63.77* 20 10 3.95…
  26. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 26
    Debt and Capital Structure Total Debt Structure Capital Structure (MM) (MM) 400 1600 40% 370 40% 350 350 1400 33% 300 1200 1,126 30% 200 28% 250 250 200 1000 879 883 200 800 20% 756 150 200 600 529 20 633 100 400 10% 170…
  27. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 27
    Liquidity Total Liquidity (MM) 600 Adequate liquidity available to fund 2012 504 500 660 - 680 million capital program 475 Borrowing base raised in April, 2012 400 based on performance 342 455 million of 625 million borrowing 300…
  28. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 28
    Summary Asset Base High-Graded Focused on liquids-rich targets in Eagle Ford with significant project inventory Completed divestiture program; redeployed proceeds Executing Business Plan Doubled proved reserves since 12/31/2010…
  29. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 29
    APPENDIX 31
  30. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 30
    Fourth Quarter Expense Guidance As of November 7, 2012 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…
  31. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 31
    4th Qtr Guidance Framing For Quarterly Models Volumes and Product Mix Exit Rate 39 44 MBoe/d; 62 % total liquids 3Q 2012: 37.1 MBoe/d with 36.5 MBoe/d from Eagle Ford (Oil 30%, NGLs 30%) Averaged 41 MBoe/d in October 2012 Treating…
  32. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 32
    Margin Improvement 1st 9 Months 2011 2010 2012 Daily rate (MBoe/d) 34.8 27.6 22.9 Oil% / NGLs% 25% / 32% 18% / 26% 9% / 13% /Boe /Boe /Boe Average realized price (without realized derivatives) 41.89 42.45 32.98 Average realized…
  33. Jefferies Companys Global Energy Conference – Rosetta Resources, Inc. – slide 33
    REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES

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