Rosetta Resources Inc. Second Quarter 2011 Earnings Review August 9, 2011 Hi h A High Asset Quality Q li Executing on Business Plan i i l Future Growth Catalysts G hC l Financial Strength i i lS h www.rosettaresources.com…
Earnings Call Agenda Overview Randy y Limbacher Financial Review Michael Rosinski Operations Update Jim Craddock Asset Development Update John Clayton 2
Overview Randy Limbacher Doubled proved reserves 175% growth in two years Set two production records for total liquids and natural gas equivalents Began horizontal drilling program in Southern Alberta Basin Increased capital program…
Financial Review Michael Rosinski Quarterly financial performance exceeds expectations Strong S o g seco secondd qua quarter e aand d first-half s a p production oduc o g growth o driven by Eagle Ford Providing expense…
Expense Guidance 2011 Second Half Six Months Ended S/Mcfe June 30, 2011 July - December, 2011 (Actual) (Guidance Range) Direct LOE 0.59 0.36 - 0.40 Workovers 0.02 0.02 - 0.03 Insurance 0.02 0.02 - 0.02 Ad valorem tax 0.19…
Eagle Ford: Firm Transportation Capacity 350 331 300 Daily Production Rates 263 Net Equivalent Gas (MMcfe/d)1 250 245 216 Gross Wellhead Gas (MMcf/d): 200 195 100 La Grange / Jackson 166 160 50 15 Copano / Houston…
Operations Update Jim Craddock Doubled proved reserves to 970 Bcfe; 53% liquids Spent 117 117.1 1 MM in capex capex, drilled 13 gross and 12 net wells Achieved all-time quarterly average production record of 161 MMcfe/d MMcfe/d,…
Gates Ranch: Well performance continues to outperform our models 7.3 BCFE Composite Type Curve (PUD bookings) 10 BCFE Composite Type Curve 9
Asset Development Update John Clayton Infill Drilling at Gates Ranch 2 pilot programs 425 450 foot well spacing (50-acre effective spacing) 10 TCFE targeted for incremental recovery Non-Gates Ranch Testing 23,500 net acres in…
Southern Alberta Basin: Well Location Map 30 il 30 miles 45 m miles Delineation Wells (11) Current 7well HZ Program 11
Southern Alberta Basin: Representative Base Case Economic Model Alberta Bakken Type Curve yp Oil 1000 Well Performance Parameters 250 IP boepd (gross) 185,000 boe EUR (gross) , (g ) 160acre spacing 100 4 million well costs…