Rosetta Resources Inc. Fourth Quarter & Full Year 2013 Earnings Review February 25, 2014
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
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…
2014 Guidance Production Guidance (MBoe/d) Average daily production 60 - 65 Expense Guidance (/Boe) Direct Lease Operating Expense 2.85 - 3.10 Workover Expenses 0.60 - 0.70 Insurance 0.05 - 0.05 Ad Valorem Tax 0.65 - 0.75…
Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian Acquisition 288 MMBoe Total Company 879 Guidance Range 900 65 800 Divested 11 MMBoe 60 700 600 578 570 600 500 396 400 369…
Gates Ranch Development Timeline Eagle Ford Producing Wells By Year with EUR expectations Old Perspective New Perspective South Type Curve - 1.9 MMBoe (18% Oil / 35% NGLs) Well EUR Ranges 9 miles Composite Type Curve - 1.7…
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…
Upper Eagle Ford Pilot Areas Gates Ranch Lasseter & Eppright L&E Lower 475 3rd Pilot 55-acre spacing 1st Pilot Upper Lower 4th Pilot Upper Lower 2nd Pilot 10
2.5 miles 1. Horizontal project count includes potential in multiple horizons (Wolfcamp A, B-C, and 3rd Bone Spring), 11
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 100…