Rosetta Resources Inc. Fourth Quarter and Full Year 2012 Earnings Review February 26, 2013 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
Earnings Call Agenda Opening Remarks Randy Limbacher Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
Overview Jim Craddock Major 2012 accomplishments All-time records for production and proved reserves Double-digit growth in Eagle Ford production and reserves for all products Highest percentage of total liquids production…
Financial Update John Hagale Higher net income and revenues for year due to increased production and higher liquids mix Full-year revenues reflect 81% from oil and NGL sales Continued operating cost improvement with 11% decline in…
2013 Expense Guidance As of December 10, 2012 (Reaffirmed February 25, 2013) 2013 /BOE Direct Lease Operating Expense 2.15 - 2.40 Insurance 0.07 - 0.08 Ad Valorem Tax 0.65 - 0.75 Treating and Transportation 4.20 - 4.65 Production…
Operational Update John Clayton Spent 653 million in 2012 capex; drilled 85 gross wells with 100% success rate and completed 64 (62 Eagle Ford) Exited 2012 with total production of 47.3 MBoe/d; 28% oil, 34% NGLs January 2013…
Karnes Trough Area SUMMARY Adele Dubose 1H 1,900 net acres; located in oil window Delineation Well Initial Rate* 2/2012 1,463 Boe/d, 76% Oil 17 total completions as of 12/31/2012 (1,109 Bo/d, 153 B/d NGLs, 1,200 Mcf/d) 1Q & 2Q…
Lopez Farm-In Summary 505 net acres in Live Oak County Farm-In from Killam Oil BPO: 100% WI, 75% NRI APO: 65% WI, 48.75% NRI Average Well Characteristics Well Costs: 7.5 - 8.0 million Spacing: 60 acres Future Activity 1 well…
Eagle Ford Inventory +/- 900 net wells remaining as of 12/31/2012 Central Undelineated Gates Ranch Briscoe Ranch Karnes Trough Encinal (75% NRI) (81.3% NRI) Dimmit (75 80% NRI) Acreage* (75 77% NRI) Total (75 77% NRI) (75 77%…