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Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Feb 12, 2014 · 21 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. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. February 12, 2014 2014 Energy Summit Jim Craddock Chairman, Chief Executive Officer and President
  2. Credit Suisse 19th Annual Energy Summit – 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. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 3
    2013 Highlights Increased proved reserves 39%, from 201 MMBoe to 279 MMBoe at year-end 2013 Increased annual daily production 34%, from 37 Mboe/d to 50 MBoe/d Set record levels of equivalent production, liquids production and proved…
  4. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 4
    2014 Capital Program (1.1 Billion1) Continued focus on oil and liquids-rich development By Region By Category Other Other 9% 11% Facilities 7% Permian 24% Eagle Ford Drill & Complete 67% 82% Rig Programs Eagle Ford:…
  5. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 5
    Rosetta Resources Asset Overview Ticker: ROSE Market Summary Market capitalization: 2.6 billion (February 7, 2014 Close) Share price: 42.07 Enterprise value: 3.7 billion Permian Eagle Ford 63,000 net acres (100% operated) Gaines Co.…
  6. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 6
    Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian Acquisition 288 MMBoe Total Company Guidance Range 900 879 70 60 - 65 800 Divested 11 MMBoe 60 700 50 50 600 578 570 600 500 40…
  7. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 7
    Reeves County Bolt-On Acquisition Announced January 30, 2014 Delaware Basin Reeves County Rosettas Current Acreage Position Rosetta to acquire 5,078 net acres from several private parties, located in Delaware Basin in Primary area…
  8. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 8
    EAGLE FORD CORE AREA 9
  9. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 9
    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 Characteristics…
  10. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 10
    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…
  11. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 11
    Gates Ranch Upper Eagle Ford Pilots 475 1st Pilot 3rd Pilot 2nd Pilot 12
  12. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 12
    Gates Ranch Development Timeline Eagle Ford Producing Wells By Year with EUR expectations Old Perspective South Type Curve - 1.9 MMBoe (18% Oil / 35% NGLs) Composite Type Curve - 1.7 MMBoe (19% Oil / 35% NGLs) 2009 / 2011…
  13. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 13
    PERMIAN BASIN CORE AREA 14
  14. Credit Suisse 19th Annual Energy Summit – 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. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 15
    Permian Reeves County Upper Wolfcamp Horizontal Type Curve 10,000 P50 Type Curve Average Well Costs (MM): 8.5 30-Day IP Boepd (gross): 1,090 Composite EUR Mboe (gross): 550 % Oil: 74% % NGL: 10% 1,000 BOEPD* - 2 Stream…
  16. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 16
    Well Cost Performance Permian Horizontals Spud to Rig Release / Completed Well Cost 100 12.0 10.5 90 10.0 80 Completed Well Cost MM 70 7.9 1 7.6 8.0 Cycle Time (Days) 60 50 56.8 6.0 40 43.1 4.0 30 35.6 20…
  17. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 17
    Well Cost Performance Permian Verticals Spud to Rig Release / Completed Well Cost 35 5.5 30 4.4 4.5 4.0 3.6 3.5 Completed Well Cost MM 25 3.5 3.2 3.5 Cycle Time (Days) 20 21.9 19.3 2.5 18.3 15 17.0 16.6 16.1 1.5…
  18. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 18
    Attractive Well Economics (Typical Well) Gates Ranch Vertical Vertical Horizontal Briscoe L&E Wolfbone Wolfbone Upper North Ranch Far South Southeast Far North Central East Wolfcamp Central 100% 100% 100% 100% 100% 100% 71% 55%…
  19. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 19
    Commodity Derivatives Position February 4, 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…
  20. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 20
    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…
  21. Credit Suisse 19th Annual Energy Summit – Rosetta Resources, Inc. – slide 21
    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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