ROSETTA RESOURCES INC. First Quarter 2011 Q Earnings Review May 9, 2011 1
Earnings Call Agenda Opening Comments Randy Limbacher Financial Review Michael Rosinski Operations Update Jim Craddock Asset Development Update John Clayton Asset Development Update John Clayton Closing Remarks Randy…
Overview Randy Limbacher Entered 2011 with 2 TCFE in project inventory Continued excellent well performance from Gates Ranch wells in Eagle Ford Increased total liquids production for fourth consecutive quarter consecutive…
Financial Review Michael Rosinski Q Quarterly financial performance in line with t l fi i l f i li ith expectations Strong 1Q production growth driven by Eagle Ford p g g Improving cost structure from growth in lower cost…
Operations Update Jim Craddock Spent 88.1 million in capex, drilled 11 gross and 11 net wells Averaged daily production of 155 MMcfe/d, up 25 percent from 1Q 2010 Currently producing 120 MMcfe/d from Eagle Ford / Set quarterly…
Asset Development Update John Clayton Focused on developing full potential of Gates Ranch Wells Wells continue to outperform revised EUR models continue to outperform revised EUR models 58 wells to be completed by yearend;…
Gates Ranch Proper Individual Well Performance Normalized actual results versus internal 7.2 Bcfe P50 curve and P90 PUD booking curve 5 BCFE Composite Type Curve (PUD bookings) 7.2 BCFE Composite Type Curve 7
Gates Ranch Proper Drilling Activities Inception to date and full development plan Yearend 2011 Total Field Development* 58 wells completed 236 wells *Excludes infill drilling 8
Summary Randy Limbacher Doubledigit Double digit growth in 2011 with current Eagle growth in 2011 with current Eagle Ford development program Production in excess of 200 MMcfe/d during 2012 Production in excess of 200 MMcfe/d…
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