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August 2014 Investor Presentation – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Aug 31, 2014 · 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. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. Investor Presentation August 2014 PERMIAN BASIN + EAGLE FORD NASDAQ: ROSE
  2. August 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. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 3
    Rosetta Resources Overview Ticker: ROSE Market Summary Market capitalization: 3.2 billion Permian (August 8, 2014 Close) Share price: 52.28 Gaines Co. 13,000 net acres Midland Basin Exploratory Enterprise value: 5.0 billion Eagle…
  4. August 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 68 - 74 74 800 70 68 700 60 58 600 578 570 50 600 50 500 40 37 396 400…
  5. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 5
    2014 Capital Program 1.2 Billion1 Continued focus on oil and liquids-rich By Region Other development 7% Permian Eagle Ford Four to five rigs Non-Op 3% Permian Op Drill 90-95 and complete 95-100 gross wells 24% Permian…
  6. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 6
    Total Company Inventory +/- 1,500 net wells -- remaining as of 6/30/2014 (excluding Upper Eagle Ford & Gaines Co.) Wells Wells awaiting Remaining Avg Cost / Well Asset Name Net acres completed Well Spacing 1 completion net locations…
  7. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 7
    PERMIAN BASIN DIVISION NASDAQ: ROSE
  8. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 8
    Permian Division Reeves County 47,000 net acres HIGHLIGHTS 2nd Quarter 2014 Successfully completed five horizontal 9 completions: wells testing WC A, & WC C in 2Q and 5 horizontal one 3rd Bone Spring hz well in early July; 4…
  9. August 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. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 10
    Permian Horizontal Development Plan 6/30/2014 Tycoon A 2501H 1,205 Gross (Avg 75% WI) Worsham 6-13 30-IP 694 A 7-IP 1,641 A 30-IP 1,417 Horizontal Well Locations1 Red Rock 6-6 1H Tycoon A 30-IP 976 B 2504H 7-IP 1,720 Bodacious…
  11. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 11
    Permian Asset Potential Multiple Benches in Delineation Phase Across Rosettas Acreage Rosetta Completed Prior 3Q2014 Rosetta Proposed 2014 Activity Offset Operations Wolfcamp A 3rd Bone Spring Wolfcamp B Wolfcamp C…
  12. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 12
    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…
  13. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 13
    Permian Reeves County Upper Wolfcamp Horizontal Type Curve (1/30/2014) P50 Type Curve Average Well Costs 8.5 (8-9 range) 2Q WC A Completions (MM) 30-Day Avg (BOEPD) 30-Day IP Rate 1,090 Normalized to 5000 Boe/d (gross) Calamity…
  14. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 14
    SOUTH TEXAS DIVISION NASDAQ: ROSE
  15. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 15
    South Texas Division Eagle Ford HIGHLIGHTS Produced 57 MBoe/d, an increase of 21 percent from 2013 and 14 percent versus first quarter Revised completion design resulting in projected well cost savings of 500,000 per well…
  16. August 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 Eagle Ford Jun 30, 2014 Summary Completions to date: 175 gross completions Locations remaining: 264 net well locations1 Average2…
  17. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 17
    Upper Eagle Ford Pilot Program Pilot 4: East Gates Row 3 in Northern Webb County Varied Targeted Landing Depth Varied Completion Designs BVP 52 BVP 51 BVP 50 Upper Eagle Ford BVP 53 Assumed Drainage BVP 54 +/- 110 ft…
  18. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 18
    Central Dimmit County Area 8,500 net acres located in Dimmit County Jun 30, 2014 Summary Completions to date: 19 gross completions Locations remaining: 99 net well locations Average Well Costs: 5.5 6.0 MM Lasseter & Eppright…
  19. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 19
    Upper Eagle Ford Pilot Program Pilot 3: L&E Asset in Central Dimmit County L&E Upper Eagle Ford Pilot AVG L&E Upper Eagle Ford Offsets AVG L&E Upper Eagle Ford 10,000 Average Underlying Lower EF Well CUM: 87 MBOE 80% liquids…
  20. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 20
    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…
  21. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 21
    MARKETING AND FINANCIAL OVERVIEW NASDAQ: ROSE
  22. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 22
    Eagle Ford Multiple Takeaway Options Gates Ranch NGL Gas Transportation Capacity Breakdown June 2014 Firm gross wellhead transportation and processing C5+ 9% C4 295 MMcf/d today, ramping up to 345 MMcf/d by year-end 2014 17% C2…
  23. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 23
    Permian Basin Marketing Oil Currently trucked from leases Gathering options under evaluation Oil gravity averages 44 degrees and receives no gravity deducts New Permian takeaway pipelines on the way (Bridge Tex, PE2, Cactus)…
  24. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 24
    Commodity Derivatives Position August 12, 2014 Hedged approximately 50% of 2014 equivalent production Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 20,000 19,000 100 10,000 90 18,000 90 40 16,000 80…
  25. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 25
    Debt and Capital Structure Debt Structure Capital Structure (MM) (MM) 3,500 8.0% 3,500 70% 3,204 7.2% 3,000 7.0% 3,000 2,848 56% 60% 6.0% 6.0% 2,500 5.8% 2,500 53% 1,404 50% 5.0% 1,348 2,000 2,000 40% 1,800 4.0% 1,500 34%…
  26. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 26
    Liquidity Total Liquidity (Millions) Adequate liquidity to 994 1,000 fund 2014 1.2 billion 900 828 capital program 800 700 950 million 600 borrowing base 800 500 452 800 million 800 400 342 committed amount 300 237…
  27. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 27
    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,…
  28. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 28
    APPENDIX NASDAQ: ROSE
  29. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 29
    Attractive Well Economics (Typical Well) Gates Ranch Horizontal Briscoe Tom Encinal Metrics North L&E Upper Ranch Hanks (7,500 LL) Far South Southeast Far North Wolfcamp Central Average WI 100% 100% 100% 100% 100% 100% 100% 100%…
  30. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 30
    Well Cost Performance Permian Horizontals Spud to Rig Release / Total Well Cost 100 12.0 90 10.5 10.0 80 9.1 8.7 8.7 70 8.0 Total Well Cost MM Cycle Time (Days) 60 50 6.0 40 4.0 30 20 2.0 10 0…
  31. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 31
    Well Cost Performance Gates Ranch Spud to Rig Release / Total Well Cost 40 10.0 8.7 8.8 9.0 35 7.7 8.0 30 6.9 7.0 6.3 25 5.5 6.0 Total Well Cost MM Cycle Time (Days) 6.0 20 5.0 4.0 15 3.0 10 2.0 5…
  32. August 2014 Investor Presentation – Rosetta Resources, Inc. – slide 32
    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…

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