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42nd Annual Energy Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Mar 25, 2014 · 23 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. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. March 25, 2014 42nd Annual Jim Craddock Energy Conference Chairman, Chief Executive Officer and President
  2. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 2
    Company Strategy Key Elements Grow core area in Permian Basin focused on horizontal applications Leverage Maintain position as a leading operator in the high-return Eagle Ford play High-Grade Asset Base Develop combined inventory of…
  3. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Asset Overview Ticker: ROSE Market Summary Market capitalization: 3.0 billion (March 21, 2014 Close) Share price: 49.03 Enterprise value: 4.3 billion Permian Eagle Ford 63,000 net acres (100% operated) Gaines Co.…
  4. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 4
    Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian Acquisition 288 MMBoe Total Company Guidance Range 70 60 - 65 65 Divested 11 MMBoe 60 60 50 50 2 40 37 28 30 23 23…
  5. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 5
    2014 Capital Program (1.1 Billion1) Continued focus on oil and liquids-rich development By Region By Category Other Other 6% 9% Facilities 7% Permian 24% Eagle Ford Drill & Complete2 67% 87% Rig Programs Eagle Ford:…
  6. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 6
    EAGLE FORD CORE AREA 7
  7. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 7
    Gates Ranch 26,200 net acres in Webb County 4Q 2013: 16 completions 10 miles Eagle Ford Dec 31, 2013 Summary Completions to date: 140 gross completions Locations remaining: 292 net well locations1 Average2 Lower EF Well…
  8. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 8
    Gates Ranch Development Timeline Eagle Ford Producing Wells By Year with EUR expectations Old Perspective New Perspective South Type Curve - 1.9 MMBoe (18% Oil / 35% NGLs) Well EUR Ranges 9 miles Composite Type Curve - 1.7…
  9. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 9
    Well Performance on 55 acres Compared to similar offsetting wells spaced at 100 acres 55 wells The 55 wells are performing in line with 33 comparable Our largest continuous group offsetting wells albeit at anticipated lower condensate…
  10. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 10
    Upper Eagle Ford Pilot Areas Gates Ranch Lasseter & Eppright L&E Lower 475 3rd Pilot 55-acre spacing 1st Pilot Upper Lower 4th Pilot Upper Lower 2nd Pilot 11
  11. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 11
    Briscoe Ranch 3,600 net acres in southern Dimmit County Dec 31, 2013 Summary Completions to date: 16 gross completions Locations remaining: 52 net well locations Average Well Characteristics Well Costs: 6.0 - 6.5 MM Spacing: 50…
  12. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 12
    PERMIAN BASIN CORE AREA 13
  13. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 13
    Reeves County Bolt-On Acquisition Closed February 28, 2014 Delaware Basin Reeves County Rosettas Current Acreage Position Rosetta acquired 5,078 net acres from several private parties, located in Delaware Basin in Primary area of…
  14. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 14
    Permian Horizontal Development Plan 12/31/2013 7 76 79 77 9 10 611 gross operated (Avg 74% WI) 4 Horizontal Well Locations1 18 82 11 18 17 80 16 53 20 13 54 19 26 20 12 12 81 12 29 25 19 22 14 6 22 14 12…
  15. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 15
    Well Cost Performance Permian Horizontals 16
  16. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 16
    Well Cost Performance Permian Verticals 17
  17. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 17
    Total Company Inventory +/- 1,650 net wells -- remaining as of 12/31/2013 (excluding Upper Eagle Ford) Wells Drilling rig Wells awaiting Remaining Avg Cost / Net acres completed Well Spacing Years remaining activity completion…
  18. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 18
    MARKETING AND FINANCIAL OVERVIEW 19
  19. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 19
    Eagle Ford Multiple Takeaway Options Gas Transportation Capacity Gates Ranch NGL Firm gross wellhead gas takeaway Breakdown January 2014 245 MMcf/d today C5+ 7% Four processing options Gathering (Plant) C4 15% Regency…
  20. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 20
    Permian Basin Marketing Oil Currently trucked from leases Oil gravity range 45 - 49 degrees and receives no gravity deducts Natural Gas Gas is rich and is processed at two plants Most leases under long-term gathering…
  21. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 21
    Commodity Derivatives Position March 18, 2014 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 20,000 19,000 100 10,000 90 18,000 90 40 80 16,000 15,000 80 30 37.10 5,000 14,000 70 4.18 4.07 12,000 31.87 60…
  22. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 22
    Liquidity Total Liquidity 994 1,000 (Millions) 900 800 700 630 589 600 800 500 452 400 371 342 610 525 300 237 415 200 295 360 195 100 194 42 47 37 20 64 0 11 12/31/2010 12/31/2011 12/31/2012 3/31/2013 6/30/2013…
  23. 42nd Annual Energy Conference – Rosetta Resources, Inc. – slide 23
    Investment Summary Drill-bit focused producer with large acreage positions in liquids-rich Eagle Ford and oil-weighted Permian Basin plays Attractive core Delaware Basin position Successful operator in the high-return Eagle Ford…

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