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November 2014 Investor Presentation – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Nov 12, 2014 · 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. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. Investor Presentation November 2014 PERMIAN BASIN + EAGLE FORD NASDAQ: ROSE
  2. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 2
    Company Strategy Key Elements Advancing delineation of Delaware Basin multi-stacked lateral potential Test Future Growth Refining and expanding testing of Upper Eagle Ford pilots Opportunities to Assessing Gaines County acreage in…
  3. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Overview Ticker: ROSE Market Summary Market capitalization: 2.4 billion Permian (November 7, 2014 Close) Share price: 38.48 Gaines Co. 13,000 net acres Midland Basin Exploratory Enterprise value: 4.3 billion Eagle…
  4. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 4
    Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian 288 MMBoe Total Company Estimate Range 879 80 900 72 - 74 74 800 70 72 63 700 60 600 578 570 50 600 50 500 40 37 396 400 369…
  5. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 5
    Capital Programs1 1.2 billion 2014 capital program; 86 percent spent through Sept 30th 2014 by Region Other Eagle Ford Three rigs in Q4 2014 7% Permian Expect to complete 4-7 wells Non-Op 3% Drill first Briscoe Ranch Upper Eagle…
  6. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 6
    Total Company Inventory +/- 1,500 net wells -- remaining as of 9/30/2014 (excluding Upper Eagle Ford, Encinal & Gaines Co.) Wells Wells awaiting Remaining Avg Cost / Well Asset Name Net acres completed Well Spacing 1 completion net…
  7. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 7
    PERMIAN BASIN DIVISION NASDAQ: ROSE
  8. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 8
    Permian Division Reeves County 47,000 net acres HIGHLIGHTS Successfully completed seven 3rd Quarter 2014 horizontal wells, six WC A and one 3rd 9 completions: Bone Spring; total average gross 7-day 7 horizontal IP 1,300 Boe/d 2…
  9. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 9
    Permian Asset Potential Stacked Zones Provide Collection of Horizontal Development Opportunities Primary Completion Targets Regional structure map of the Permian Basin 1,300 Modified by Beaubouef at al. (1999) from…
  10. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 10
    Permian Horizontal Development Plan 9/30/2014 1,348 Gross (Avg. 75% WI) Horizontal Well Locations1 City of Pecos 13 3H Deacon Jim 6 1H 7-IP 1,053 7-IP 693 30-IP 769 30-IP 273 A A Balmorhea Ranch 32-15 Johnny Ringo St 9 2H 7-IP…
  11. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 11
    Completion Design Improvements Rate Comparisons 4Q 2013 1Q 2014 2Q 2014 3Q 2014 500 3rd Bone Spring 450 Wolfcamp A 433 Avg. reported on 30DAY BOEPD per 1,000' LATERAL (3Stream) Wolfcamp C 2 offset operators 392 (245-250)1…
  12. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 12
    Permian Asset Potential Multiple Benches in Delineation Phase Across Rosettas Acreage Completed Prior 3Q2014 Proposed 2014 Activity Offset Operations 3rd Bone Spring Wolfcamp A Wolfcamp B Wolfcamp C Operated Non-Operated…
  13. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 13
    Permian Reeves County Upper Wolfcamp Horizontal Type Curve (1/30/2014) 3Q 2014 WC A Completions P50 Type Curve 30-Day Avg (BOEPD) Average Well Costs Normalized to 5000 8.5 (8-9 range) (MM) City of Pecos 13 3H 893 30-Day IP Rate…
  14. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 14
    SOUTH TEXAS DIVISION NASDAQ: ROSE
  15. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 15
    South Texas Division Eagle Ford HIGHLIGHTS Produced 65 MBoe/d, an increase of 34 percent from 2013 and 15 percent versus second quarter Testing potential of Upper Eagle Ford across multiple areas Plan to drill first Upper…
  16. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 16
    Gates Ranch 26,200 net acres in Webb County Upper EF Pilot 1st Pilot 10 miles 4th Pilot Sep 30, 2014 Summary Completions to date: 192 gross completions Locations remaining: 247 LEF net well locations1 Average2 Lower EF Well…
  17. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 17
    Central Dimmit County Area 8,500 net acres located in Dimmit County Sep 30, 2014 Summary Completions to date: 24 gross completions Locations remaining: 91 LEF net well locations Average Well Costs: 5.5 6.0 MM Lasseter & Eppright…
  18. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 18
    Upper Eagle Ford Pilot Program L&E Upper Eagle Ford Pilot AVG L&E Upper Eagle Ford Offsets AVG L&E Upper Eagle Ford 10,000 3Stream Production (BOE/d) 1,000 100 10 0 50 100 150 200 250 300 350 Normalized Time…
  19. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 19
    MARKETING AND FINANCIAL OVERVIEW NASDAQ: ROSE
  20. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 20
    Eagle Ford Multiple Takeaway Options Gates Ranch NGL Gas Transportation Capacity Breakdown July 2014 Firm gross wellhead transportation and processing C5+ 9% C4 Current capacity of 345 MMcf/d 17% C2 Ethane Six processing options…
  21. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 21
    Permian Basin Marketing Oil Currently trucked from leases Gathering options under evaluation Oil gravity averages 43 degrees and receives no gravity deducts New Permian takeaway pipelines on the way (Bridge Tex, PE2, Cactus)…
  22. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 22
    Commodity Derivatives Position Nov 4, 2014 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 100 20,000 19,000 19,000 100 50 18,000 10,000 7,000 90 80 16,000 80 31.90 30 70 14,000 37.10 70 4.13 4.07 30 12,000…
  23. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 23
    Debt and Capital Structure Debt Structure Capital Structure (MM) (MM) 3,500 8.0% 3,500 3,395 70% 7.2% 3,000 7.0% 3,000 2,848 56% 60% 6.0% 6.0% 1,485 2,500 5.7% 2,500 53% 50% 5.0% 1,348 2,000 1,910 2,000 40% 4.0% 1,500 34%…
  24. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 24
    Liquidity Total Liquidity (Millions) Adequate liquidity to 994 1,000 fund 2014 and 900 estimated 2015 capital 800 714 program 700 600 950 million 800 500 borrowing base 452 400 342 690 800 million 300 237 415…
  25. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 25
    Investment Summary Drill-bit focused producer with core acreage positions in Eagle Ford and Permian Basin plays Attractive core Delaware Basin position gaining momentum Successful operator in the high-return Eagle Ford area,…
  26. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 26
    APPENDIX NASDAQ: ROSE
  27. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 27
    Attractive Well Economics (Typical Well) Gates Ranch Horizontal Briscoe Metrics North Tom Hanks L&E Upper Ranch Far South Southeast Far North Wolfcamp Central Average WI 100% 100% 100% 100% 100% 100% 100% 100% NRI 75% 75% 75%…
  28. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 28
    Reeves County Horizontal Delineation Program Recent Well Performance Reflecting Enhanced Completion Design Addition of slickwater fluid component to activate natural features and increase fracture complexity Shorter stage spacing to…
  29. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 29
    Eagle Ford Horizontal Program Well Cost Guidance Reduced by 500M Reflecting Change in Completion Design Shifting focus of completion design with change in proppant Past Focus: Maximize conductivity New Focus: Maximize stimulated rock…
  30. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 30
    Upper Eagle Ford Pilot Program Future Plans are to pilot test the Upper Eagle Ford at North Gates & Briscoe Ranch ... A Pilot 1 Pilot 4 Pilot 2 Pilot 3 Future Pilot Future Pilot (East Gates) (East Gates) (South Gates) (L&E) (North…
  31. November 2014 Investor Presentation – Rosetta Resources, Inc. – slide 31
    Adjusted EBITDA Reconciliation EBITDA is calculated as net income, excluding income tax expense, interest expense, net of interest capitalized, other income (expense), net, and depreciation, depletion and amortization. Adjusted EBITDA…

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