Rosetta Resources Inc. Fourth Quarter 2011 Earnings Review February 28, 2012 Hi h A High Asset Quality Q li Executing on Business Plan i i l Future Growth Catalysts G hC l Financial Strength i i lS h…
Earnings Call Agenda Opening p g Comments Randy y Limbacher Financial Update John Hagale Operations Update Jim Craddock Asset Development Update John Clayton Closing Remarks Randy Limbacher 2
Overview Randy Limbacher Most successful year in company history Doubled proved reserves to 161 MMboe Increased production 20% Recorded 146% growth in liquids production Grew project inventory 46% Improved operating margin Eagle…
Financial Update John Hagale Net income growth for both periods reflects higher realized prices, increased production and more favorable commodity mixi Revenues from liquids sales doubled from 2010 to 63%; liquids generated 75% of…
Operations Update Jim Craddock Spent 480 million in 2011 capex; drilled 64 gross and 53 net wells Exited E it d 2011 with ith ttotal t l production d ti off 32 32.5 5 MB MBoe/d, /d 52% liliquids id Currently producing 35.2…
Karnes Trough Area 2 rig activity ongoing and activity planned through 2013 Delineation Well Test 1,109 bpd Oil 153 bpd NGLs 1,200 mcfpd 1,463 , BOEPD Discovery Well Test Southern Gonzales County Area 1,900 net acres 21…
Briscoe Ranch Planned full development starting next month and will last well into 2015 Discovery Well Test Southern Dimmit County Area 3,545 net acres 47 well locations remaining Initial Rate 850 bpd Oil 490 bpd NGLs 3,900…
Eagle Ford Well Performance Briscoe Ranch well performance with Gates Ranch well performance and Gates Ranch average Type Curves Gates Ranch Daily Production with Briscoe EF 1 Briscoe Ranch 1 quivalent Oil Prroduction (BOED)…
Eagle Ford Well Performance Gates Ranch down-spaced well performance plotted against offsetting non down-spaced wells Gates Ranch Daily Production with Downspaced Wells 6 Gates Ranch North wells spaced 425 to 565 feet apart (50 to 65…
Eagle Ford Inventory +/- 800 net wells remaining Undelineated Briscoe Central Karnes Acreage* Gates Ranch Encinal Total Ranch Dimmit Trough (Webb, LaSalle, Gonzales Counties) Drilling rig 2 --- --- 2 0 4 activity Wells…
Southern Alberta Basin 3 of 7 horizontal wells tested with 4 more scheduled in 2nd quarter 30 il 30 miles Tribal Riverbend 1213H Drilled +/ 3,500 lateral length 45 m miles Middle Bakken interval Middle Bakken interval…