Rosetta Resources Get to know your portfolio, youll feel better John D. Clayton Senior Vice President Asset Development DUG C Conference f October 11, 2011 San Antonio, Texas 1
During last years conference, I left you with a few thoughts to stew on INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for brains, initiative & work…
During last years conference, I left you with a few thoughts to stew on INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for brains, initiative & work…
During last years conference, I left you with a few thoughts to stew on INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for brains, initiative & work…
During last years conference, I left you with a few thoughts to stew on INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for brains, initiative & work…
This year, lets add yet another thought for you to take home INVEST IN SWEAT EQUITY Focus on understanding the rocks; appreciate your technical staffs Faith, hope & luck are not substitutes for brains, initiative & work ethic…
Just a few years ago, Rosetta had assets spread across 10 states Green River Basin Sacramento Basin DJ Basin San Juan Basin Arklatex Gulf of Mexico South Texas 9
We then added resource plays in the Eagle Ford and the Southern Alberta Basin Southern Alberta Basin Green River Basin Sacramento Basin DJ Basin San Juan Basin Arklatex Gulf of Mexico South Texas 10
Significant portfolio analysis led to defining our core and non-core assets Southern Alberta Basin Green River Basin Sacramento Basin DJ Basin San Juan Basin Arklatex Core Assets Noncore Assets Gulf of…
Over the past 18 months, we have divested of all of our non-core assets Southern Alberta Basin SOLD SOLD Green River Basin Sacramento Basin SOLD DJ Basin SOLD San Juan Basin SOLD Arklatex Core Assets Noncore…
Today, we have one of the best Eagle Ford asset bases in the entire play Southern Alberta Basin Core Assets South Texas 13
and our efforts have paid a multitude of dividends. Southern Alberta Basin Core Assets South Texas 14
So, lets see how we have approached understanding our Eagle Ford inventory 15
In aggregate, we have 65,000 net acres in the play with 75% in the liquids windows 16
Gates Ranch is our largest asset totaling roughly 26,500 net acres 17
At the time of last years conference, we had delineated the asset with 21 horizontal wells 18
As of today, we have now drilled and completed more than 40 wells on the Ranch 19
And we couldnt be more pleased with our results DEVELOPMENT WELLS 5000 ft lateral & 15 frac stages DISCOVERY WELL 3500 ft lateral & 10 frac stages 7.3 BCFE Composite Type Curve (PUD bookings) 10 BCFE Composite Type…
At the time of last years conference, our Eagle Ford wells were producing roughly 65 mmcfepd 250000 100 90 200000 80 70 Completed W 150000 60 Daily Rate 50 Well Count Gross D 100000 40 65…
Today, we now have nearly 50 producing wells in the play that are making more than 200 mmcfepd 250000 100 90 200000 80 70 Completed W 150000 60 Daily Rate 50 Well Count Gross D 100000 40 30…
and as a result, our company has grown tremendously Other Core 103 Non- Non- Core 205 Eagle Other Ford Non- Non- 43 Core Core 76 86 351 Bcfe Other Eagle Non--Core Non Core Ford 2 84 317 Eagle Ford Other…
We originally spaced the ranch at 100 acres per well yielding an inventory of roughly 250 locations 24
With our discovery well now approaching 2 years, and a multitude of learnings, we believe that optimum well spacing on the ranch will be less than 100 acres Infill Pilot Areas 25
If well spacing turns out to be 55 acres per well, our remaining inventory on the ranch would be roughly 300 well locations 26
Briscoe Ranch is located immediately north of Gates Ranch in the condensate window 27
The discovery well at Briscoe Ranch was recently completed and has been a success 28
which has now provided us with up to 55 wells in our inventory 29
Central Dimmit County is located in the oil window 30
With our recent activities, we now have 2 successful tests in this area 31
increasing our inventory to up to 115 wells 32
Northern LaSalle and the Karnes Trough area are both in the oil window of the play 33
We are currently drilling a test well on our Karnes Trough acreage and our Northern LaSalle acreage is scheduled to be tested in 2012 if successful, both could provide up to 75 well locations 34
Our Encinal acreage, located mostly in northern Webb county is in the Dry Gas window of the play 35
We have delineated this acreage with the success of 1 discovery well and 3 delineation wells 36
Encinal provides up to 160 well locations in our inventory 37
At a pace of 60 wells per year, and well spacing between 55 and 100 acres, we have a drilling inventory of roughly 8 to 12 years ahead of us just on our existing leasehold. Gates Ranch Briscoe Ranch Central Dimmit Northern LaSalle…
To put that into perspective, our first two years of activity completed roughly 25 wells per year and grew production to more than 200 mmcfepd 500000 700 450000 400000 600 350000 500 Completed W 300000 Daily…
Using our pace of 60 wells per year, we will be busy in this play, on this acreage, drilling and completing wells for many many more years to come 500000 700 450000 400000 600 350000 Completion Pace of 60 wells per year…
Using our pace of 60 wells per year, we will be busy in this play, on this acreage, drilling and completing wells for many many more years to come 500000 700 450000 400000 600 350000 Completion Pace of 60 wells per year…
So, building from last years conference lets now get to know our portfolio KNOW YOUR PORTFOLIO Focus F on optionality ti lit There is not a better feeling in the world than knowing you have your future well in hand 42
So, building from last years conference lets now get to know our portfolio KNOW YOUR PORTFOLIO Focus F on optionality ti lit There is not a better feeling in the world than knowing you have your future well in hand 43
Rosetta Resources Get to know your portfolio, youll feel better 44