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2012 Small and Mid Cap Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Sep 20, 2012 · 32 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. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 1
    2012 Small & Mid Cap Conference Rosetta Resources Inc. September 20, 2012 REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES
  2. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 2
    Company Profile A leading pure-play producer in the Eagle Ford shale in South Texas An inventory of high-return, low-risk unconventional drilling opportunities offering long-term production and reserve growth and a balanced…
  3. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 3
    Company Strategy Leverage high-graded asset base Strengthen position as a leading pure Eagle Ford shale player Develop and convert inventory of over 500 MMBoe with 15 years of drilling ahead Expand production base with less than 10%…
  4. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 4
    LEVERAGE HIGH-GRADED ASSET BASE 6
  5. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 5
    Significant Growth in Asset Net Resources Total Net Risked Resources Since 2009, proved reserves more (MMBoe) 700 than doubled; total risked resources nearly tripled Total project inventory, including 600 578 PUDs, grew from 150…
  6. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 6
    Quarterly Production Performance MBoe/d Eagle Ford Other Non-Core 50 39 - 44 45 40 35 - 38 35 33.8 33.4 32.0 30 32.2 26.8 30.4 25.9 25.6 24.0 24.5 27.4 25 22.4 20.7 20 21.6 21.7 15 14.9 10 11.3 8.2 5 4.9 -…
  7. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 7
    SUCCESSFULLY EXECUTE BUSINESS PLAN 9
  8. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 8
    2012E Capital 640 Million By Region Other Exploration 2% Run four- to five-rig program in Eagle Ford area 5% 60 completions for year Liquids-rich development Eagle Additional focus on Karnes Trough area and Ford Briscoe Ranch…
  9. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 9
    Eagle Ford Growth Profile MBoe/d 80 Eagle Ford production averaged 70 32.2 MBoe/d (96% of Rosettas total production) during 2Q 2012 Exit Rate 60% total liquids Guidance 60 39 - 44 MBoe/d 24.3% oil / 35.6% NGLs 50 1H 2012 Program…
  10. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 10
    Top 20 Eagle Ford Operators % of Eagle Ford Shale Production Gross Boe/d per Well 1 11.5% A 632 2 10.7% ROSE 511 3 9.5% C 457 4 9.2% D 446 5 8.8% E 446 6 6.5% F 403 7 5.8% G 388 ROSE 5.3% H 351 9 4.6% I 328 10 4.1% J 311 11…
  11. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 11
    Gates Ranch Summary 26,500 net acres in Webb County 72 completions as of 6/30/2012 1Q 2012: 10 completions 2Q 2012: 6 completions 356 well locations remaining under current spacing assumptions Average Well Characteristics Well…
  12. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 12
    Gates Ranch Well Performance North and South Areas South Type Curve 1.9 MMBoe Composite Type Curve 1.7 MMBoe (23% Oil / 32% NGLs) North Type Curve 1.4 MMBoe 14
  13. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 13
    Eagle Ford Multiple Takeaway Options Gas Transportation Capacity Oil Transportation Capacity Firm gross wellhead gas takeaway Gates Ranch, Briscoe Ranch and Central Dimmit Co. 195 MMcf/d today Plains Crude Gathering Firm gathering…
  14. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 14
    TEST FUTURE GROWTH OPPORTUNITIES 16
  15. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 15
    Eagle Ford Shale Activity Net Area Window Acreage Operating two rigs in Gates Ranch and three in Briscoe Ranch, Central Dimmit County and Karnes Trough area Gates Ranch Liquids 26,500 Participated in 10 successful wells in…
  16. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 16
    Briscoe Ranch Summary Discovery Well Initial Rate* 10/2011 1,990 Boe/d, 68% Liquids (850 Bo/d, 490 B/d NGLs, 3,900 Mcf/d) 3,545 net acres in southern Dimmit County 1 completion as of 6/30/2012 67 well locations remaining Average…
  17. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 17
    Briscoe Ranch Type Curve Briscoe Ranch Daily Production 10,000 P50 Type Curve 893 MBOE 24% Oil / 36% NGLs Daily Equivalent Oil Production(BOED) 1,000 100 0 50 100 150 200 250 300 350 400 Days 19
  18. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 18
    Karnes Trough Area Adele Dubose 1H SUMMARY Delineation Well Initial Rate* 2/2012 1,463 Boe/d, 76% Oil 1,900 net acres; located in oil window (1,109 Bo/d, 153 B/d NGLs, 1,200 Mcf/d) 10 total completions as of 6/30/2012 1Q 2012: 2…
  19. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 19
    Klotzman Type Curve Klotzman Daily Production 10000 P50 Type Curve 665 MBOE 68% Oil / 13% NGLs Daily Equivalent Oil Production (BOED) 1000 100 0 50 100 150 200 250 300 350 400 Days 21
  20. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 20
    Central Dimmit County Area Light Ranch 1H Vivion 1H Discovery Well Initial Rate* 10/2010 Discovery Well Initial Rate* 9/2011 987 Boe/d, 78% Liquids 680 Boe/d, 89% Liquids (510 Bo/d, 260 B/d NGLs, 1,300 Mcf/d) (506 Bo/d, 102 B/d…
  21. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 21
    Eagle Ford Inventory +/- 900 net wells remaining as of 6/30/2012 Briscoe Central Karnes Undelineated Gates Ranch Encinal (75% NRI) Ranch Dimmit Trough Acreage* (75 77% NRI) Total (81.3% NRI) (75 77% NRI) (75 80% NRI) (75 77%…
  22. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 22
    FINANCIAL STRENGTH AND FLEXIBILITY 24
  23. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 23
    Margin Expansion 50.00 47.70 43.71 43.57 43.01 41.72 41.27 39.68 40.00 37.63 36.30 33.62 30.00 20.00 17.44 16.84 15.95 15.66 13.79 13.64 14.26 13.40 13.34 10.00 11.63 0.00 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q…
  24. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 24
    Commodity Derivatives Position June 30, 2012 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 14,000 40 12,300 12,000 4,700 30 10,000 63.77 9,250 2,500 8,000 64.48 7,600 20 20 6,750 6,000 81.58…
  25. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 25
    Debt and Capital Structure Total Debt Structure Capital Structure (MM) (MM) 400 1600 40% 40% 350 350 1400 310 300 1200 30% 30% 28% 1042 250 250 200 1000 879 883 200 200 800 20% 732 150 200 600 529 20 633 100 20 400 10%…
  26. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 26
    Liquidity Total Liquidity (MM) 700 Adequate liquidity available to fund 2012 595 640 million capital program 600 550 Borrowing base raised in April, 2012 based on performance 500 505 million of 625 million borrowing base…
  27. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 27
    Summary Asset Base High-Graded Focused on liquids-rich targets in Eagle Ford with significant project inventory Completed divestiture program; redeployed proceeds Executing Business Plan Doubled proved reserves since 12/31/2010…
  28. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 28
    APPENDIX 30
  29. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 29
    Annual Guidance 2012 Full Year Production, MBoe/d (60% liquids) 35 - 38 Exit Rate, MBoe/d (61% liquids) 39 - 44 /BOE Direct Lease Operating Expense 2.15 - 2.20 Workover Expenses - Insurance 0.10 - 0.11 Ad Valorem Tax 0.75 - 0.85…
  30. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 30
    Annual Guidance Framing For Quarterly Models Volumes (Full Year 35 38 MBoe/d) 2Q 2012: 33.4 MBoe/d with 32.2 MBoe/d from Eagle Ford Lumpy quarterly production Back-end loaded oil production ramp-up to match timing of start-up of…
  31. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 31
    Margin Improvement 1st Half 2012 2011 2010 Daily rate (MBoe/d) 33.6 27.6 22.9 Oil% / NGLs% 23% / 32% 18% / 26% 9% / 13% /Boe /Boe /Boe Average realized price (without realized derivatives) 40.64 42.45 32.98 Average realized price…
  32. 2012 Small and Mid Cap Conference – Rosetta Resources, Inc. – slide 32
    REDEFINED BUILDING VALUE IN UNCONVENTIONAL RESOURCES

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