Rosetta Resources Inc. Third Quarter 2013 Earnings Review November 7, 2013
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
Overview Jim Craddock Successfully executed first operated horizontal well completion in southern Reeves County, Delaware Basin Added fifth rig to further expand development activities in the Delaware Basin Set an all-time record…
Financial Update John Hagale Higher adjusted net income and revenues for quarter primarily due to increased production and higher realized oil prices Third quarter revenues reflect 60% from oil sales; 84% from liquids Active…
2013 Fourth Quarter Guidance Production Guidance (MBoe/d) Average daily production 54 - 56 2013 exit rate 57 - 59 Expense Guidance (/Boe) Direct Lease Operating Expense 3.00 - 3.15 Workover Expenses 0.55 - 0.58 Insurance 0.04 -…
Operational Update John Clayton Spent 262 MM in third quarter 2013 capex; drilled 43 gross operated wells and completed 33 (20 Eagle Ford) Third quarter 2013 total production of 50.9 MBoe/d (30% oil / 35% NGLs) Eagle Ford production…
Briscoe Ranch (Column Development Program) Summary As of 9/30/2013 3,545 net acres in southern Dimmit County 13 gross completions to date 3Q 2011 1 completion 3Q 2012 3 completions 3Q 2013 9 completions; placed on…
Total Company Inventory +/- 1,950 net wells -- remaining as of 9/30/2013 Drilling rig Wells Wells awaiting Remaining Avg Cost / Rig years Net acres Well Spacing Years remaining activity completed completion locations Well (M) (16…