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Q2 Earnings Review – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Aug 8, 2012 · 12 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. Q2 Earnings Review – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. Second Quarter 2012 Earnings Review August 8, 2012 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
  2. Q2 Earnings Review – Rosetta Resources, Inc. – slide 2
    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
  3. Q2 Earnings Review – Rosetta Resources, Inc. – slide 3
    Overview Randy Limbacher Long-term strategy based on three elements: Develop existing Eagle Ford production base Invest cash flow into acquisitions in lower-risk plays Expose 10% of annual capital to higher-risk new ventures Strong…
  4. Q2 Earnings Review – Rosetta Resources, Inc. – slide 4
    Financial Update John Hagale Net income growth reflects increased production, more favorable commodity mix and unrealized gain on derivative activities Liquids sales generated 83% of revenues* Operating cost improvements reflect…
  5. Q2 Earnings Review – Rosetta Resources, Inc. – slide 5
    Expense Guidance 2012 Full Year (Guidance Range) Direct Lease Operating Expense 2.15 - 2.20 Workover Expenses - Insurance 0.10 - 0.11 Ad Valorem Tax 0.75 - 0.85 Treating and Transportation 3.85 - 4.25 Production Taxes 1.20 - 1.25…
  6. Q2 Earnings Review – Rosetta Resources, Inc. – slide 6
    Operations Update Jim Craddock Spent 171 million in second quarter 2012 capex; drilled 20 gross wells with 100% success rate and completed 15 Averaged quarterly production of 33,400 Boe/d; 59 percent liquids Operated five rigs, two…
  7. Q2 Earnings Review – Rosetta Resources, Inc. – slide 7
    Quarterly Production Performance % Liquids: 14 19 24 29 33 46 51 49 52 59 60 61 7
  8. Q2 Earnings Review – Rosetta Resources, Inc. – slide 8
    Asset Development Update John Clayton Gates Ranch Down-Spacing Pilot well spacing of 50 to 65 acres operating without interference Decision to develop on 475-foot well spacing (55-acre effective spacing) Full development with 428…
  9. Q2 Earnings Review – Rosetta Resources, Inc. – slide 9
    Gates Ranch Summary 26,500 net acres in Webb County 72 completions as of 6/30/2012 356 well locations remaining under current spacing assumptions Average Well Characteristics Spacing: 475 feet apart or 55 acres Composite EUR:…
  10. Q2 Earnings Review – Rosetta Resources, Inc. – slide 10
    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 10
  11. Q2 Earnings Review – Rosetta Resources, Inc. – slide 11
    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 11
  12. Q2 Earnings Review – Rosetta Resources, Inc. – slide 12
    Eagle Ford Inventory +/- 900 net wells remaining as of 6/30/2012 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%…

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