Rosetta Resources Inc. September 18, 2013 Learning, Innovating & Creating Mark D. Petrichuk Vice President, Corporate Reserves If it was easy, anybody could do it & Technical Services
Safety Moment Can You Spot the Hazard 3
Safety Moment Be Seen.Always have your headlights ON 4
During the last three conferences, we outlined some comments on Rosettas approach in the Eagle Ford INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for…
So, building on last years message, Rosettas Eagle Ford development plan is leaving no stone unturned in our portfolio LEAVE NO STONE UNTURNED Focus on ongoing refinement of well spacing and well recoveries You rarely go wrong when…
Rosetta Resources Asset Overview Rosetta is no longer a pure- play Eagle Ford producer. Our backyard just got bigger. Reeves Co. Eagle Ford 64,650 Net Acres Delaware Basin Delineated 40,182 Net Acres Area Window Gaines Co. Gates…
Eagle Ford Multiple Takeaway Options Excess capacity to move our product Multiple take points that provide flow optionality Marketing team works closely with operations to insure that Rosetta will always have capacity to move…
Gates Ranch 18 wells drilled yet to be completed 2Q 2013: 11 completions Summary 26,230 net acres in Webb County 6/30/2013 119 gross completions to date 313 net well locations remaining1 Average Well Characteristics Well…
The more you drill, the more you learn Gates Ranch Type Curves 10000 South Type Curve 1000 Composite Type Curve - 1627 MBoe (17% Oil / 39% NGLs) BOE (bbl/d) - 2 stream 100 North Type Curve 10 1 0 200 400 600…
Well Performance on 55 acres Compared to similar offsetting wells spaced at 100 acres 55 wells Our largest continuous group of producing wells spaced on 55 acres The 55 wells are performing in line with comparable offsetting…
LEARNING: Buffer Pad Concept Purpose is to reduce production downtime due to completion activities Wells in blue area remain shut-in after their completion Producing wells in light orange area shut-in during completion…
Frac Hit wells vs. Buffer Pad wells 10000 Production (MCFD) 1000 Darker wells were first test of Buffer Pad Grey wells are frac hit wells 100 0 20 40 60 80 100 120 140 Days after nearby Frac 14
Frac Hit wells vs. Shut In wells Frac hit or SI time SI wells in darker colors Production (MCFD) 1000 100 0 10 20 30 40 50 60 70 80 90 100 Time after nearby Frac (days) 15
Current Eagle Ford Strategy Lower EF Current Resource Buda 16
CREATING: Upper Eagle Ford Potential Austin Chalk Potential Additional Resource Upper EF Lower EF Current Resource Buda 17
Briscoe Ranch Summary 3,545 net acres in southern 19 wells drilled yet to be completed 6/30/2013 Dimmit County 4 gross completions to date 64 net well locations remaining Future Planned full development activity Activity…
INNOVATING & CREATING: Lopez Farm-In 2Q 2013: 1 completion Summary 505 net acres in Live Oak County 6/30/2013 Farm-In from Killam Oil BPO: 100% WI, 75% NRI APO: 65% WI, 48.75% NRI 1 completion discovery well 7-day gross…
Tom Hanks 1 EF well drilled yet to be completed 2Q 2013: 1 EF completion Summary 3,461 net acres in LaSalle County 6/30/2013 2 gross total completions Eagle Ford Well Eagle Ford (EF) development Pearsall exploration Well Costs 5.5…
Central Dimmit County Area Summary 8,496 net acres located in Dimmit County Average Well Costs 6/30/2013 Light Ranch 5.5 - 6.0 MM 12 gross completions to date and Vivion Lasseter & 6.5 - 7.0 MM 104 net well locations remaining…
Eagle Ford Inventory +/- 770 net wells -- remaining as of 8/1/2013 Drilling rig Wells Wells awaiting Remaining Avg Cost / Rig years Net acres Well Spacing activity completed completion locations Well (M) (16 wells/year) Gates…
The current project inventory reflects our analysis on reduced well spacing 2,000 1,800 Completion pace of 60 wells per year 1,600 used as an example to show the true running room of the portfolio 1,400 Completed Well Count…
The current project inventory reflects our analysis on reduced well spacing Upper Eagle Ford 2,000 1,800 Completion pace of 60 wells per year 1,600 used as an example to show the true running room of the portfolio 1,400…
So, building on last years message, Rosettas Eagle Ford development plan is leaving no stone unturned in our portfolio LEAVE NO STONE UNTURNED Focus on ongoing refinement of well spacing and well recoveries You rarely go wrong when…