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Louisiana Energy Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Jun 19, 2013 · 34 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. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. June 19, 2013 John Hagale Executive Vice President and Chief Financial Officer
  2. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 2
    Company Strategy Grow new core area in Permian Basin; vertical and horizontal application Leverage Maintain position as a leading operator in the high-return Eagle Ford play High-Grade Asset Base Develop combined inventory of…
  3. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Asset Overview Market Summary (May 17 Close): Ticker: ROSE Market capitalization: 3.0 billion Share price: 49.40 Enterprise value: 4.0 billion Eagle Ford Reeves Co. Delaware Basin - Delineated Gaines Co.…
  4. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 4
    Strong Growth Track Record Risked Resource Potential Production (MMBoe) (MBoe/d) Acquired 145 MMBoe 715 70 Divested 11 MMBoe 700 56 60 60 600 578 570 51 55 50 47 500 489 396 40 37 400 369 417 30 28 300 23 23 7 194 316…
  5. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 5
    2013 Capital Program (840-900 Million1) Continued focus on oil and liquids-rich development: By Region Other 11% Eagle Ford Permian 5 to 6-rig program 20% Drill 75 - 80 wells and complete approximately 60 - 65 Delaware Basin…
  6. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 6
    PERMIAN BASIN NEW CORE AREA 7 7
  7. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 7
    Permian Basin Acquisition Highlights Acquired oil-rich assets from Comstock Resources 53,306 net acres in Delaware Basin in Reeves County and Gaines Midland Basin in Gaines County Closed on May 14, 2013; effective date January 1,…
  8. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 8
    Asset Potential Stacked Zones Provide Collection of Vertical/Horizontal Development Opportunities Reeves County Base Case Upside HIGHLIGHTS 40-acre development; 145 MMBoe net Vertical risked resources; 1,300 gross locations…
  9. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 9
    Reeves County Vertical Wolfbone Central BOE (bbl/d) Normalized Time (year) East BOE (bbl/d) Wolfbone Area Central East Well Costs (MM) 3.5 3.5 Spacing 40-acre 40-acre 30-Day IP Boepd (gross) 235 265 Composite EUR…
  10. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 10
    EAGLE FORD ESTABLISHED CORE AREA 11 11
  11. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 11
    Top 20 Eagle Ford Producers % of Eagle Ford Shale Production Gross Boe/d per Well 1 12.1% A 448 2 10.0% ROSE 384 3 9.7% C 370 4 8.1% D 369 5 8.1% E 358 6 7.6% F 349 7 5.7% G 339 8 5.1% H 334 9 4.4% I 313 10 4.2% J 278 ROSE…
  12. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 12
    Gates Ranch 21 wells drilled yet to be completed 1Q 2013: 12 completions Summary 26,500 net acres in Webb County 3/31/2013 108 gross completions to date WI = 90% NRI = 67.5% 320 gross well locations remaining1 Average Well…
  13. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 13
    Well Performance on 55 acres Compared to similar offsetting wells spaced at 100 acres 33 wells Cumulative BOE (bbl) - 2-Stream Our largest continuous group of producing wells spaced on 55 acres The 33 wells are performing in…
  14. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 14
    Briscoe Ranch Summary 3,545 net acres in southern 7 wells drilled yet to be completed 3/31/2013 Dimmit County 4 gross completions to date 64 gross well locations remaining Future Planned full development activity Activity…
  15. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 15
    Central Dimmit County Area Summary 8,100 net acres located in Dimmit County Average Well Costs 3/31/2013 Light Ranch 5.5 - 6.0 MM 9 gross completions to date and Vivion Lasseter & 6.5 - 7.0 MM 118 gross well locations remaining…
  16. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 16
    Karnes Trough Area Summary 1,900 net acres located in oil window 3/31/2013 17 gross completions to date 8 gross well locations remaining Planned activity through mid-2013 Well costs 7.5 8.0 MM Klotzman 15 gross total…
  17. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 17
    Eagle Ford Inventory +/- 885 net wells -- remaining as of 3/31/2013 Gates Ranch Briscoe Ranch Central Dimmit1 Karnes Trough2 Undelineated Encinal Total (75% NRI) (81.3% NRI) (75 77% NRI) (75 80% NRI) Acreage3 (75 77% NRI) (75 77%…
  18. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 18
    MARKETING AND FINANCIAL OVERVIEW 19 19
  19. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 19
    Eagle Ford Multiple Takeaway Options Gas Transportation Capacity Oil Transportation Capacity Firm gross wellhead gas takeaway Gates Ranch, Briscoe Ranch & Central Dimmit Co. 245 MMcf/d today Plains Crude Gathering Firm gathering…
  20. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 20
    Permian Basin Marketing Oil Currently trucked from leases WTI Midland to WTI Cushing basis back to normal (-0.50 to -1.00 per Bbl) Oil gravity range 45 - 49 degrees and receives no gravity deducts Natural Gas Gas is rich and is…
  21. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 21
    Commodity Derivatives Position May 21, 2013 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 20,000 80 18,250 18,000 70 7,500 70 40 16,000 60 60 60 14,000 30 30 41.96 13,000 5,000 50 12,000 4.11 4.07 4.18…
  22. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 22
    Liquidity Total Liquidity 1,000 (Millions) 900 800 739 700 600 500 452 400 371 342 700 300 237 415 200 295 360 195 100 42 47 37 39 0 11 12/31/2010 12/31/2011 12/31/2012 3/31/2013 5/15/2013 Cash Undrawn Revolver…
  23. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 23
    Combined 2013 Annual Guidance 2013 Production Guidance (MBoe/d) 2013 average daily production 51 - 55 2013 exit rate (63% total liquids) 56 - 60 Expense Guidance (/Boe) Direct Lease Operating Expense 2.55 - 2.80 Workover…
  24. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 24
    Investment Summary Drill-bit focused producer with large acreage positions in liquids-rich Eagle Ford and oil-weighted Permian Basin plays Attractive new core Delaware Basin position Successful operator in the high-return Eagle…
  25. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 25
    APPENDIX 26 26
  26. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 26
    Reeves County 145 MMBoe Resource (40-acre vertical development only) Summary Reeves County Acreage 68,000 gross acres1 in Reeves County 60% average2 overall working interest 1,300 gross vertical Wolfbone locations3 75 wells…
  27. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 27
    Lopez Farm-In Summary 505 net acres in Live Oak County 3/31/2013 Farm-In from Killam Oil BPO: 100% WI, 75% NRI APO: 65% WI, 48.75% NRI 1 well drilled yet to be completed Average Well Characteristics Well Costs 7.5 - 8.0…
  28. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 28
    Attractive Well Economics Vertical Vertical Gates Ranch Gates Ranch Briscoe Adele Klotzman L&E Wolfbone Wolfbone North South Ranch Dubose Central East 100% - 90% / 100% - 90% / 100% / 100% / 100% / 100% / 71% / 55% / Average WI /…
  29. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 29
    Gates Ranch Well Performance North & South Areas South Type Curve - 1.9 MMBoe (18% Oil / 35% NGLs) Composite Type Curve - 1.7 MMBoe (19% Oil / 35% NGLs) BOE (bbl/d) - 2-Stream North Type Curve - 1.4 MMBoe (22% Oil / 34%…
  30. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 30
    Briscoe Ranch P50 Type Curve - 893 MBoe (28% Oil / 34% NGLs) BOE (bbl/d) - 2-Stream Initial Well (days) 31
  31. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 31
    Karnes Trough Area Klotzman P50 Type Curve - 665 MBoe (71% Oil / 12% NGLs) BOE (bbl/d) - 2-Stream (days) 32
  32. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 32
    Karnes Trough Area Adele Dubose P50 Type Curve - 303 MBoe (75% Oil / 14% NGLs) BOE (bbl/d) - 2-Stream (days) 33
  33. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 33
    Central Dimmit Lasseter & Eppright P50 Type Curve - 894 MBoe (40% Oil / 30% NGLs) BOE (bbl/d) - 2-Stream (days) 34
  34. Louisiana Energy Conference – Rosetta Resources, Inc. – slide 34
    Annual Guidance Framing For Quarterly Models Volumes and Product Mix 2013 exit rate 56 60 MBoe per day 2013 oil exit rate 16 19 MBbls per day 2013 liquids (oil plus NGLs) exit rate 35 38 MBbls per day Treating & Transportation…

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