Skip to main content Johnson Rice Company Energy Conference – Rosetta Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Johnson Rice Company Energy Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Oct 1, 2013 · 37 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. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. October 1, 2013 Jim Craddock Chairman, Chief Executive Officer and President
  2. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 2
    Company Strategy Key Elements Grow new core area in Permian Basin; vertical and horizontal applications Leverage Maintain position as a leading operator in the high-return Eagle Ford play High-Grade Asset Base Develop combined…
  3. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Asset Overview Ticker: ROSE Market Summary Market capitalization: 3.3 billion (September 27 Close) Share price: 54.04 Enterprise value: 4.3 billion Permian Eagle Ford 64,650 net acres Gaines Co. Midland Basin…
  4. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 4
    Strong Growth Track Record Risked Resource Potential Production (MMBoe) (MBoe/d) Acquired 145 MMBoe 715 70 Divested 11 MMBoe 700 56-60 60 600 578 570 51-55 47 49 50 500 489 396 40 37 400 369 417 30 28 300 23 23 194 316…
  5. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 5
    2013 Capital Program (840-900 Million1) Continued focus on oil and liquids-rich development By Region By Category Other Other 11% 11% Facilities 7% Permian 20% Eagle Ford Drill & Complete 69% 82% Rig Programs Eagle…
  6. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 6
    EAGLE FORD ESTABLISHED CORE AREA 7
  7. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 7
    Gates Ranch 26,230 net acres in Webb County 18 wells drilled yet to be completed 2Q 2013: 11 completions Jun 30, 2013 Summary Completions to date: 119 gross completions Locations remaining: 313 net well locations1 Average Well…
  8. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 8
    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…
  9. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 9
    Gates Ranch Upper Eagle Ford Pilots 475 10
  10. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 10
    Drilling Time Performance 40 Gates Ranch 3.0 35 2.5 2.5 2.3 2.2 2.3 30 2.0 2.0 25 Drilling Cost MM Cycle Time (Days) 20 21.7 1.5 15 16.3 16.5 16.7 1.0 13.4 12.3 10 0.5 5 0 0.0 2010 2011 2012 2013…
  11. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 11
    Gates Ranch Differential Well Performance Webb County Eagle Ford Time Normalized Gas Equivalents ROSETTA RESOURCES Eagle Ford Production Wet Gas/Condensate Window 12
  12. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 12
    Briscoe Ranch 3,545 net acres in southern Dimmit County 19 wells drilled yet to be completed Jun 30, 2013 Summary Completions to date: 4 gross completions Locations remaining: 64 net well locations Average Well…
  13. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 13
    Central Dimmit County Area 8,496 net acres located in Dimmit County Jun 30, 2013 Summary Completions to date: 12 gross completions Locations remaining: 104 net well locations Average Well Costs Light Ranch & Vivion: 5.5 - 6.0 MM…
  14. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 14
    Lopez Farm-In 505 net acres in Live Oak County 2Q 2013: 1 completion 7-day gross stabilized IP Jun 30, 2013 Summary 1,966 Boe/d (46% oil / 24% NGLs) Farm-In from Killam Oil BPO: 100% WI, 75% NRI APO: 65% WI, 48.75 NRI…
  15. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 15
    Tom Hanks 3,461 net acres in LaSalle County 1 EF well drilled yet to be completed 2Q 2013: 1 EF completion Eagle Ford Well 7-day gross stabilized IP 657 Boe/d (91% oil) Jun 30, 2013 Summary Completions to date: 2 gross…
  16. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 16
    PERMIAN BASIN NEW CORE AREA 17
  17. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 17
    Permian Reeves County 40,182 net acres1 Jun 30, 2013 Summary Working Interest: 60% average2 overall Net Production: 3,100 Boe/d total net production 64 wells currently producing 2,500 Bo/d Operated Production: and 5 MMcf/d…
  18. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 18
    Permian Reeves County Asset Potential Stacked Zones Provide Collection of Vertical/Horizontal Development Opportunities Reeves County Base Case Upside HIGHLIGHTS 40-acre development; 145 MMBoe net Vertical risked resources; 1,300…
  19. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 19
    Reeves County Pecos Area Horizontal Wells Significant horizontal industry activity Multiple target reservoirs Eight Rosetta-operated Rosetta Operated Rosetta Non-Operated horizontal wells--drilled by Other Operators…
  20. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 20
    Total Company Inventory +/- 2,400 net wells -- remaining as of 8/1/2013 Drilling rig Wells Wells awaiting Remaining Avg Cost / Rig years Net acres Well Spacing Years remaining activity completed completion locations Well (M) (16…
  21. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 21
    MARKETING AND FINANCIAL OVERVIEW 22
  22. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 22
    Eagle Ford Multiple Takeaway Options Gas Transportation Capacity Oil Transportation Capacity Firm gross wellhead gas takeaway Gates Ranch, Briscoe Ranch & Central Dimmit Co. 245 MMcf/d today Plains Crude Gathering Firm gathering…
  23. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 23
    Permian Basin Marketing Oil Currently trucked from leases WTI Midland to WTI Cushing basis back to normal (currently -0.35 per Bbl) Oil gravity range 45 - 49 degrees and receives no gravity deducts Natural Gas Gas is rich and is…
  24. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 24
    Commodity Derivatives Position September 24, 2013 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 20,000 100 18,250 90 18,000 7,500 90 40 80 16,000 80 30 14,000 14,000 41.96 70 4.18 5,000 60 4.07 12,000 60…
  25. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 25
    Liquidity Total Liquidity 800 (Millions) 700 630 617 600 500 452 400 371 342 610 580 300 237 415 200 295 360 195 100 42 47 37 20 37 0 11 12/31/2010 12/31/2011 12/31/2012 3/31/2013 6/30/2013 7/31/2013 Cash Undrawn…
  26. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 26
    Investment Summary Drill-bit focused producer with large acreage positions in liquids-rich Eagle Ford and oil-weighted Permian Basin plays Attractive new core Delaware Basin position Successful operator in the high-return Eagle…
  27. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 27
    APPENDIX 28
  28. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 28
    Karnes Trough Area 1,902 net acres located in oil window Jun 30, 2013 Summary Completions to date: 19 gross completions Locations remaining: As of August, all wells on production Klotzman (Dewitt County) Completions: 15 gross…
  29. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 29
    Capital Efficiency 600% 500% 400% 300% 200% 100% 0% EPL EXXI UNT KOG LTS CN AEF CN OAS ATLS CRZO SGY BBG ROSE LPI REXX AREX QRE BCEI WTI EGN…
  30. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 30
    Attractive Well Economics Vertical Vertical Gates Ranch Gates Ranch Briscoe Adele Klotzman L&E Wolfbone Wolfbone North South Ranch Dubose Central East 100% / 100% / 100% / 100% / 71% / 55% / Average WI / NRI 100% / 75% 100% /…
  31. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 31
    Permian Reeves County Vertical Wolfbone Central BOE (bbl/d) Normalized Time (year) East BOE (bbl/d) Wolfbone Area Central East Well Costs (MM, Target): 3.5 3.5 Spacing: 20-acre 20-acre 30-Day IP Boepd (gross): 235…
  32. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 32
    Gates Ranch Well Performance North & South Areas South Type Curve - 1.9 MMBoe (18% Oil / 35% NGLs) Composite Type Curve - 1.7 MMBoe (19% Oil / 35% NGLs) BOE (bbl/d) - 2-Stream North Type Curve - 1.4 MMBoe (22% Oil / 34%…
  33. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 33
    Briscoe Ranch P50 Type Curve - 893 MBoe (28% Oil / 34% NGLs) BOE (bbl/d) - 2-Stream Initial Well (days) 34
  34. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 34
    Karnes Trough Area Klotzman P50 Type Curve - 665 MBoe (71% Oil / 12% NGLs) BOE (bbl/d) - 2-Stream (days) 35
  35. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 35
    Karnes Trough Area Adele Dubose P50 Type Curve - 303 MBoe (75% Oil / 14% NGLs) BOE (bbl/d) - 2-Stream (days) 36
  36. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 36
    Central Dimmit Lasseter & Eppright P50 Type Curve - 894 MBoe (40% Oil / 30% NGLs) BOE (bbl/d) - 2-Stream (days) 37
  37. Johnson Rice Company Energy Conference – Rosetta Resources, Inc. – slide 37
    Debt and Capital Structure Total Debt Structure Capital Structure (MM) (MM) 1200 2500 2,356 50% 1,090 46% 1000 2000 40% 40% 1,266 800 34% 700 1500 30% 28% 1,214 600 1000 879 883 20% 410 400 350 804 250 200 529 200…

From the store

Browse maps, data & reports in the Shale Experts store