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April 2011 OGIS – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Apr 11, 2011 · 21 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. April 2011 OGIS – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc Inc. Randy Limbacher Chairman, CEO & President April 11 11, 2011 Important Notice: Please note that Rosetta Resources Inc. was unable to present at the IPAA OGIS conference. Should you have any questions…
  2. April 2011 OGIS – Rosetta Resources, Inc. – slide 2
    Rosetta Resources 2010 Highlights Capital spending of 339 MM High return/high value programs received vast majority of funding Capital exceeded internal cash flows, but balanced with asset sales beginning g g cash and revolver…
  3. April 2011 OGIS – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Key Statistics Percent Reserves Inventory in BCFE 2010 2009 Increase P Proved Reserves dR 479 351 36% Risk Adjusted Inventory (1) 1,897 812 134% Average Shares Outstanding (Diluted) 52.1MM 51.0MM 2% 1) Excludes…
  4. April 2011 OGIS – Rosetta Resources, Inc. – slide 4
    2011 Program 360 MM Capital Budget in 2011 Focus on Eagle Ford 90% of 2011 capital allocated to Eagle Ford 40 wells planned Fracture stimulation services agreement in place Pipeline and processing capacity expanded Shift to liquids…
  5. April 2011 OGIS – Rosetta Resources, Inc. – slide 5
    Rosetta Asset Portfolio Status 7
  6. April 2011 OGIS – Rosetta Resources, Inc. – slide 6
    Eagle g Ford
  7. April 2011 OGIS – Rosetta Resources, Inc. – slide 7
    Rosettas drilling focus has been primarily on the Gates Ranch Area, however, we have embarked on the delineation of our other liquids-rich areas Area Hydrocarbon Window Net Acres Gates Ranch Area Condensate 29,960 Central Dimmit Oil…
  8. April 2011 OGIS – Rosetta Resources, Inc. – slide 8
    Gates Ranch Area 10
  9. April 2011 OGIS – Rosetta Resources, Inc. – slide 9
    Gates Ranch-Gross Daily Production 120,000 12,000 Gas Equivalent Production, mcfe/d f / 100,000 Gross Gas, mcf/d 10,000 Dos Hermanas Gross Oil, bbl/d in service Gross NGL bbl/d Gross NGL, bbl/d 80,000 8,000 Mcfe/d…
  10. April 2011 OGIS – Rosetta Resources, Inc. – slide 10
    Eagle Ford Gates Ranch 12
  11. April 2011 OGIS – Rosetta Resources, Inc. – slide 11
    Gates Ranch Proper Drilling Activities Inception to date and planned for 2011 W ll D ill d 2009 & 2010 Wells Drilled 2009 & 2010 Planned Wells a ed e s 2011 0 13
  12. April 2011 OGIS – Rosetta Resources, Inc. – slide 12
    Gates Ranch Proper Individual Well Performance Normalized actual results versus internal 7.2 Bcfe P50 curve and P90 PUD booking curve 7.2 BCFE (Internal model) 5.3 BCFE (PUD booking) (PUD booking) 14
  13. April 2011 OGIS – Rosetta Resources, Inc. – slide 13
    Gates Ranch Valuation On average, a typical well has a 7.2 BCFE EUR and a BFIT NPV of 13.4 MM NPV Per Initial Initial Well Discounted Discounted Post 2010 Post 2010 NPV Per Area NPV Per Area Gas Rate Oil Rate EUR BFIT10…
  14. April 2011 OGIS – Rosetta Resources, Inc. – slide 14
    Eagle Ford Gathering Dos Hermanas in service December 2010 Firm gathering and processing reaches 85 MMcfe/d Revised agreement in place: Dimmit lateral in service 2nd quarter 2011 Dos D H Hermanas capacity it tto iincrease b by…
  15. April 2011 OGIS – Rosetta Resources, Inc. – slide 15
    Southern Alberta Basin Opportunity is Unique Southern Alberta Basin specifics Devonian Shale oil p play y in NW Montana Williston Basin analog Depths ranging from 4,500 to 7,500 TVD Current C position 300,000 undeveloped net…
  16. April 2011 OGIS – Rosetta Resources, Inc. – slide 16
    Southern Alberta Basin Acreage Recap Acres Lessor Terms 200,000 Blackfeet Indian Nation 5 year option with 2 well per year drilling requirement for 10 well total. With each commercial well, Rosetta earns the right to lease 20,000…
  17. April 2011 OGIS – Rosetta Resources, Inc. – slide 17
    Financial Strategy Conservative and disciplined approach to financial management Ample debt coverage Debt to proved reserves of 0.72/Mcfe Debt to proved developed reserves of 1.46/Mcfe Actively manage and monitor use of debt Debt…
  18. April 2011 OGIS – Rosetta Resources, Inc. – slide 18
    Financial Strength High quality and low risk diversified proved asset base 479 Bcfe of proved reserves 9.8 year reserve life 51 % proved developed Financial Fi i l flexibility fl ibilit Credit facility with 325MM borrowing…
  19. April 2011 OGIS – Rosetta Resources, Inc. – slide 19
    Risk Management Selective hedging program: Oil hedges of 3,200 Bbl/d in 2011/3,400 Bbl/d in 2012/2,600 in 2013 NGL Hedges of 1,679 Bbl/d in 2011/1,950 Bbl/d in 2012 Gas hedges of 50,000 MMBtu/d in 2011/20,000 MMBtu/d in 2012…
  20. April 2011 OGIS – Rosetta Resources, Inc. – slide 20
    2011 Program Focus on high return Eagle Ford inventory Production guidance dependent on divestiture timing 160-170 MMcfe/d including divestment properties DJ Basin/California expected to produce approximately 35 MMcfe/d for full…
  21. April 2011 OGIS – Rosetta Resources, Inc. – slide 21
    Rosetta Resources Inc Inc. Randy Limbacher Chairman, CEO & President April 11 11, 2011 www.rosettaresources.com / NASDAQ: ROSE

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