Rosetta Resources Inc. Second Quarter 2013 Earnings Review August 6, 2013
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
Overview Jim Craddock Closed the Permian Acquisition, adding a new core operating area and entry into the basin Acquired additional working interest in core Gates Ranch asset Completed successful Eagle Ford discovery wells…
Financial Update John Hagale Higher adjusted net income and revenues for quarter primarily due to increased production Net income adversely impacted by additional 6.8 million of transaction and financing costs related to the…
2013 Annual Guidance Production Guidance (MBoe/d) 2013 average daily production 51 - 55 2013 exit rate 56 - 60 Expense Guidance (/Boe) Direct Lease Operating Expense 2.55 - 2.80 Workover Expenses 0.01 - 0.01 Insurance 0.10 -…
Operational Update John Clayton Spent 188 MM in second quarter 2013 capex; drilled 30 gross wells and completed 22 (18 Eagle Ford) Second quarter 2013 total production of 48.8 MBoe/d (25% oil / 37% NGLs) Operational interruptions…
Briscoe Ranch (Column Development Program) Summary 3,545 net acres in southern 6/30/2013 Dimmit County 4 gross completions to date 64 net well locations remaining 8
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 stabilized IP 1,966 Boe/d…
Tom Hanks 1 EF well drilled yet to be completed 2Q 2013: 1 EF completion Summary 3,500 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…
Total Company Inventory +/- 2,400 wells -- remaining as of 6/30/2013 Drilling rig Wells Wells awaiting Remaining Avg Cost / Rig years Net acres Well Spacing Years remaining activity completed completion locations Well (M) (16…