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Johnson Rice & Company Energy Conference – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Sep 29, 2014 · 23 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. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. September 29, 2014 Larry Jernigan Vice President, Permian PERMIAN BASIN + EAGLE FORD NASDAQ: ROSE
  2. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 2
    Rosetta Resources Overview Ticker: ROSE Market Summary Market capitalization: 2.8 billion Permian (September 24, 2014 Close) Share price: 45.74 Gaines Co. 13,000 net acres Midland Basin Exploratory Enterprise value: 4.5 billion Eagle…
  3. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 3
    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…
  4. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 4
    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…
  5. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 5
    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…
  6. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 6
    PERMIAN BASIN DIVISION NASDAQ: ROSE
  7. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 7
    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…
  8. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 8
    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…
  9. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 9
    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…
  10. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 10
    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…
  11. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 11
    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…
  12. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 12
    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…
  13. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 13
    SOUTH TEXAS DIVISION NASDAQ: ROSE
  14. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 14
    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…
  15. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 15
    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…
  16. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 16
    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…
  17. Johnson Rice & Company Energy Conference – 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. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 18
    MARKETING AND FINANCIAL OVERVIEW NASDAQ: ROSE
  19. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 19
    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…
  20. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 20
    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)…
  21. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 21
    Commodity Derivatives Position September 16, 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…
  22. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 22
    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…
  23. Johnson Rice & Company Energy Conference – Rosetta Resources, Inc. – slide 23
    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,…

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