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Credit Suisse Energy Summit – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Feb 7, 2012 · 31 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 Energy Summit – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. C dit Suisse Credit S i 2012 E Energy S Summit it February 7, 2012 Speaker: Randy L. Limbacher High Asset Quality Executing Business Plan Future Growth Catalysts Financial Strength…
  2. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 2
    2011 Highlights Doubled proved reserves to 970 Bcfe at mid-year 2011 Set record levels of liquids production Increased project inventory to 2.8 Tcfe Increased gross estimated ultimate recovery to 10 Bcfe per Gates Ranch Eagle F d…
  3. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 3
    2012 Plans 640 million of capital; more than 90 percent allocated to Eagle Ford Four-rig program in Eagle Ford Area; 60 completions per year Continued Gates Ranch development Step out into other areas Completion of seven-well…
  4. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 4
    Capital Expenditures 2011E 2012E (By Region) (By Region) Other Alberta Alberta Other 5% 5% 10% 2% Lobo 0.2% Eagle Eagle Ford Ford 85% 93% Total: 475MM Total: 640MM Includes capitalized interest and other corporate…
  5. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 5
    Agenda Asset Base High-Graded Executing Business Plan Testing Growth Catalysts Financial Strength 7
  6. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 6
    Asset Base High- High-Graded 8
  7. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 7
    Asset Base High- High-Graded Alberta Basin 300,000 net acres 6 BBOE hydrocarbon resource in place 1500 potential locations Exploration underway 11 delineation wells completed 4 horizontal wells drilled Horizontal completions…
  8. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 8
    Executing Business Plan 10
  9. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 9
    Proved Reserves - Doubled Since YE 2010 Other Core Non- Non- 103 Core 205 Eagle Ford Other Non- Non- 43 Core Core 76 86 351 Bcfe Other Eagle Non--Core Non Core Ford 317 2 84 Eagle Ford Other Core 479 Bcfe…
  10. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 10
    Gates Ranch More than 12 TCFE of hydrocarbons y in place p have been delineated and are now being g exploited 9 miles Hydrocarbons (TCFE) 11 miles 12.6 Original Hydrocarbons In Place Year-end 2011: 56 wells* *…
  11. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 11
    Gates Ranch Well Performance 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 Curve 13
  12. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 12
    Eagle Ford Firm Transportation Capacity Daily y Production Rates Net Equivalent Gas (MMcfe/d)1 Gross Wellhead Gas (MMcf/d): REM Gathering La Grange/Jackson Plant Eagle Ford Gathering (Copano) Houston Central Plant Dos…
  13. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 13
    Quarterly Production Performance Production (MMcfe/d) 300 250-280 250 220-240 200 20 9 150 40 23 24 51 65 100 74 26 79 28 175 30 129 130 50 32 89 38 68 49 29 0 7 Eagle Ford Other Non-Core 15
  14. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 14
    Testing Growth Catalysts 16
  15. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 15
    Other Eagle Ford Areas Net Area Window Acreage Gates Ranch Liquids 26,500 Non-Gates Ranch Liquids 23,500 Encinal Area Dry Gas 15,000 TOTAL 65,000 17
  16. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 16
    Gates Ranch Field-wide development plans on 65-acre well spacing Increased Well Density 280 locations remaining to be drilled 18
  17. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 17
    Eagle Ford Discovery Briscoe Ranch Discovery Well Test Southern Dimmit County Area 3,545 net acres g 47 well locations remaining Initial Rate 850 bpd Oil 490 bpd NGLs 3,900 mcfpd 1,990 BOEPD 19
  18. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 18
    Eagle Ford Discovery Central Dimmit County Discovery Well Test Central Dimmit County Area 8,143 net acres 125 well locations remaining 7 day average rate 506 bpd Oil 102 bpd NGLs 436 mcfpd 680 BOEPD 20
  19. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 19
    Eagle Ford Discovery Karnes Trough Area Discovery Well Test Southern Gonzales County Area 1,900 net acres 21 well locations remaining Initial Rate 2,450 bpd Oil 250 bpd NGLs 2,000 mcfpd 3,033 BOEPD 21
  20. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 20
    Eagle Ford Well Tested Inventory Gates Ranch Briscoe Ranch Central Dimmit Karnes Trough Encinal Total Drilling rig activity 3 --- --- 1 4 Wells completed 45 1 2 1 4 53 Remaining 280 47 125 21 171 644 locations*…
  21. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 21
    Southern Alberta Basin 2 of 7 Horizontal Wells Tested 30 miles 45 miles Tribal Riverbend 07-04H Drilled +/- 3,500 lateral length Middle Bakken interval Tested 154 BOEPD Fee Simonson 34-01H Drilled +/- 3,700 lateral…
  22. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 22
    Southern Alberta Basin Key Learnings Confirmed significant resource in place, 6 billion BOE Advanced the well science work needed to crack code of complex play Identified fracture azimuth and orientation Achieved good vertical growth…
  23. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 23
    Financial Strength 25
  24. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 24
    Lower Cost Structure 2011 Full Year 2012 Full Year (Guidance Range) (Guidance Range) Direct Lease Operating Expense 0.44 - 0.46 0.25 - 0.28 Workover Expenses 0.01 - 0.01 0.01 - 0.01 Insurance 0 02 0.02 - 0 02 0.02 0 03 0.03…
  25. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 25
    Eagle Ford Oil Marketing Gates Ranch Plains Crude Gathering (formerly Velocity) L Long tterm condensate d t pipeline i li gathering th i and d ttruck k lloading di tterminal i l ttransfer f Current: Gathering capacity of…
  26. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 26
    Commodity Hedges Natural Gas Hedges Liquid Hedges (MMBTU/D x 1,000) (BBLS/D) 50 14,000 12,000 11,300 40 10,000 64 30 7,750 8,000 64 20 6 000 6,000 20 4,000 80 5.13 X 80 10 X 116 X 6.31 119 2,000 0 0 2012 2013 2014…
  27. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 27
    Debt and Liquidity Total Debt Structure Total Liquidity (MM) (MM) 400 450 350 402 350 400 350 300 250 300 250 200 250 237 295 200 200 150 200 20 150 195 100 100 130 50 50 107 20 30 42 0 0 4Q 2010 3Q 2011 4Q 2010 3Q…
  28. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 28
    Liquidity Adequate liquidity available to fund 2012 640 million capital program Strong St cash h flflow iin 2012 295 million of 325 million borrowing base available Potential to raise borrowing base based on performance Option…
  29. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 29
    Capital Structure (MM) 3Q 2011 4Q 2010 Long-Term Debt 250 350 Total Stockholders Equity 608 529 TOTAL 858 879 Capitalization - Debt 29% 40% - Capital 71% 60% TOTAL 100% 100% 31
  30. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 30
    Summary Asset Base High-Graded Divestiture program complete South Texas focus Alberta Basin option Strong Eagle Ford project inventory Executing Business Plan Proved reserves doubled since 12/31/10 Gates Ranch recoveries…
  31. Credit Suisse Energy Summit – Rosetta Resources, Inc. – slide 31
    33

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