Rosetta Resources Inc. Permian Basin Acquisition Conference Call Oil-Rich Inventory Growth Transaction March 15, 2013 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
Acquisition Call Agenda Overview Jim Craddock Operational Comments John Clayton Financial Comments John Hagale Closing Remarks Jim Craddock 2
Permian Basin Asset Acquisition Rosetta to acquire 53,300 net acres from Comstock Resources, Inc., located in Delaware Basin in Reeves County and Midland Basin in Gaines County Key Terms Purchase Price: 768 million, subject to…
Permian Basin Asset Acquisition Map Large Development Asset in Reeves Co. with Gaines Co. Exploration Play Delaware Basin Midland Basin DELINEATED UN-DELINEATED 68k gross acres 20k gross acres 40k net acres 13k net acres…
Permian Entry in Core of Wolfbone Vertical Oil Play Delineated Delaware Basin position with 145 MMBOE of oil-rich, repeatable inventory (40-acre spacing) provides long-term production/reserve growth Single well economics compete…
Reeves County Asset Snapshot 145 MMBOE Resource (40-acre vertical development only) Reeves County Acreage Overview (Entire Asset) Gross / Net Acreage 68K / 40K (all Reeves Co.) 60% overall Average Working Interest 76% for…
Asset Potential Stacked Zones Provide Collection of Vertical/Horizontal Development Opportunities Reeves County Base Case Upside HIGHLIGHTS Vertical 40-acre development Wolfbone Down-spacing potential Early stage - operators…
Pro Forma Overview Acquisition Provides 140+ MMBOE of Net Risked Undeveloped Resource Net Resource (Undeveloped)1 Liquids-Focused Assets Current Net Production (MMboe) (000s Net Acres) (Mboe/d) 141 3 22% 53 6% 50% 496 2 54…
Commodity Derivatives Position February 28, 2013 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 20,000 60 18,250 18,000 7,500 50 50 16,000 20 14,000 41.96** 13,000 40 40 40 3.98 20 10 5,000 12,000 3.95…
Permian Basin Wolfbone Acquisition Oil-Rich Inventory Growth Transaction Focus Acquisition Attributes Provides Rosetta focus Basin entry in core of Wolfbone oil play Diversify the Asset Base Clean asset deal that adds a new core…