Skip to main content 40th Annual Howard Weil Conference – Rosetta Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

40th Annual Howard Weil Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Mar 28, 2012 · 32 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. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 1
    40th ANNUAL HOWARD WEIL CONFERENCE Randy L. Limbacher Chairman, CEO & President March 28, 2012 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
  2. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 2
    Agenda 2012 Plans Quality Asset Base Business Plan Execution Growth Catalysts Financial Strength 4
  3. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 3
    2012 Plans 640 million of capital; more than 90 percent allocated to Eagle Ford Four to five-rig program in Eagle Ford Area; 60 completions per year Continued liquids-rich development Additional focus on Briscoe Ranch and Karnes…
  4. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 4
    Capital Expenditures 2011 2012E (By Region) (By Region) Other Southern Other Southern 5% Alberta 2% Alberta Basin Basin 10% 5% Eagle Eagle Ford Ford 85% 93% Total: 480MM Total: 640MM Includes capitalized interest…
  5. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 5
    Quarterly Production Performance % Liquids: 14 19 24 29 33 46 51 49 57 58 7
  6. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 6
    QUALITY ASSET BASE 8
  7. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 7
    Asset Base High-Graded Alberta Basin 300,000 net acres 6 BBOE hydrocarbon resource in place 1500 potential locations Exploration underway 11 delineation wells completed 4 horizontal wells drilled Horizontal completions underway On…
  8. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 8
    BUSINESS PLAN EXECUTION 10
  9. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 9
    Proved Reserves - Doubled Since YE 2010 Other 17 Non- Core 34 Eagle Ford Other 7 Non- Core 13 14 58 MMboe Other Eagle 12 Ford 53 80 MMboe Eagle Ford 149 161 MMboe 11
  10. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 10
    Gates Ranch Field-wide development plans on 65-acre well spacing Original 65-Acre Test Areas 12
  11. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 11
    Gates Ranch Well Spacing Illustration 1700 feet +/- 1700 feet +/- 1700 feet 850 feet 565 feet 565 feet 425 feet 283 feet 283 feet 5000 feet 5000 feet 5000 feet ORIGINAL CASE WORST CASE BEST CASE Area = 195 acres Area =…
  12. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 12
    Gates Ranch Well Performance North and South Areas South Type Curve 1.9 MMBOE Composite Type Curve 1.7 MMBOE North Type Curve 1.4 MMBOE 14
  13. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 13
    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…
  14. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 14
    Gates Ranch Differential Well Performance Webb County Eagle Ford Wells - Time Normalized Oil Equivalents 100,000 10,000 Oil Equivalents (BOE/Month) ROSETTA RESOURCES Eagle Ford Production Wet Gas/Condensate Window…
  15. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 15
    Eagle Ford Firm Gas Transportation Capacity Gross Wet Takeaway Net Production MMcf/d Mboe/d Net equivalent oil production (Mboe/d) equals gross wet wellhead gas (MMcf/d) adjusted for shrinkage, NGL yield, condensate yield, and…
  16. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 16
    Eagle Ford Oil Marketing Gates Ranch / Dimmit County Properties Plains Crude Gathering (formerly Velocity) Gathering capacity of 25,000 Bbls/d to Gardendale Hub with up to 60,000 Bbls storage Long Term Crude Purchase Agreements…
  17. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 17
    GROWTH CATALYSTS 19
  18. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 18
    Other Eagle Ford Areas Net Area Window Acreage Gates Ranch Liquids 26,500 Non-Gates Ranch Liquids 23,500 Encinal Area Dry Gas 15,000 TOTAL 65,000 20
  19. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 19
    Briscoe Ranch Planned full development 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 mcfpd 1,990…
  20. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 20
    Eagle Ford Well Performance Briscoe Ranch well performance with Gates Ranch well performance and Gates Ranch average Type Curves Composite Type Curve P90 (1.2 MMBOE) Composite Type Curve P50 (1.7 MMBOE) 22
  21. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 21
    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 well…
  22. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 22
    Eagle Ford Inventory +/- 800 net wells remaining Briscoe Central Karnes Undelineated Gates Ranch Encinal Total (75% NRI) Ranch Dimmit Trough Acreage* (75 77% NRI) (81.3% NRI) (75 77% NRI) (75 80% NRI) (75 77% NRI) Drilling…
  23. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 23
    Southern Alberta Basin 3 of 7 horizontal wells tested with 4 more scheduled in 2nd quarter 30 miles Tribal Riverbend 12-13H Drilled +/- 3,500 lateral length Middle Bakken interval 45 miles Tested 403 BOEPD Tribal Riverbend…
  24. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 24
    Southern Alberta Basin Key Learnings Confirmed significant resource in place, 6 billion BOE Advanced the well science work needed to crack code of complex play Identified fracture azimuth and orientation Achieved good vertical…
  25. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 25
    FINANCIAL STRENGTH 27
  26. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 26
    Expense Guidance 2012 Full Year (Guidance Range) Direct Lease Operating Expense 1.50 - 1.65 Workover Expenses 0.06 - 0.07 Insurance 0.18 - 0.20 Ad valorem Tax 0.78 - 0.86 Treating and Transportation 3.78 - 4.14 Production Taxes…
  27. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 27
    Commodity Hedges Liquid Hedges Natural Gas Hedges (BBLS/D) (MMBTU/D x 1,000) 14,000 50 12,300 12,000 40 10,000 64 9,250 30 8,000 64 20 6,000 20 81 4,000 X 81 117 X 3,000 5.13 119 10 X 63 6.31 2,000 83 X 112 0…
  28. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 28
    Debt and Liquidity Total Debt Structure Total Liquidity (MM) (MM) 400 400 350 342 350 350 300 300 250 250 200 250 237 200 200 295 150 200 150 20 195 100 100 130 50 50 20 42 47 30 0 0 4Q 2010 4Q 2011 4Q 2010 4Q 2011…
  29. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 29
    Liquidity Adequate liquidity available to fund 2012 640 million capital program Strong cash flow in 2012 295 million of 325 million borrowing base available at year-end 2011 Potential to raise borrowing base based on…
  30. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 30
    Capital Structure (MM) 4Q 2011 4Q 2010 Short-Term Debt 20 0 Long-Term Debt 230 350 Total Stockholders Equity 633 529 TOTAL 883 879 Capitalization - Debt 28% 40% - Capital 72% 60% TOTAL 100% 100% 32
  31. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 31
    Summary Asset Base High-Graded Divestiture program complete South Texas focus Alberta Basin option Strong Eagle Ford project inventory Executing Business Plan Proved reserves doubled since 12/31/10 Gates Ranch recoveries…
  32. 40th Annual Howard Weil Conference – Rosetta Resources, Inc. – slide 32
    REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES

From the store

Browse maps, data & reports in the Shale Experts store