Skip to main content March 2015 Investor Presentation – Rosetta Resources, Inc. | Shale Experts
Loading...
Pm

March 2015 Investor Presentation – Rosetta Resources, Inc.

Rosetta Resources, Inc. · Mar 12, 2015 · 34 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. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 1
    Rosetta Resources Inc. Investor Presentation March 2015 PERMIAN BASIN + EAGLE FORD NASDAQ: ROSE
  2. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 2
    Rosetta Resources Overview Ticker: ROSE Market Summary Market capitalization: 1.1 billion Core Operating Areas (March 3, 2015 Close) Share price: 18.01 Non-Core Acreage Enterprise value: 3.1 billion Eagle Ford Operating Areas…
  3. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 3
    Company Long-Term Strategy Key Elements Maintain Actively manage solid balance sheet for optimum financial flexibility Financial Strength Ensure adequate liquidity throughout cycles & Flexibility Manage exposure to commodity price risk…
  4. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 4
    2015 2016 Strategic Update 2015 Capital by Two-year capital program of up to 350 million Division1 per year Other 11% Non-Op Operate within cash flow; no additional debt Eagle Ford 11% 49% Defend an average annual production…
  5. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 5
    Reserves and Production Year-End Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Total Company Estimate Ranges 1100 1,046 70 64 - 67 66 1000 58 - 62 58 - 62 900 878 60 800 50 50 700 765 600 578 570 40 37…
  6. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 6
    Total Company Inventory +/- 1,800 net wells -- remaining as of 12/31/2014 (excluding Upper Eagle Ford, Encinal & Gaines Co.) Wells Wells awaiting Remaining Asset Name Net acres completed Well Spacing 1 completion net locations by…
  7. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 7
    PERMIAN BASIN NASDAQ: ROSE
  8. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 8
    Permian Reeves County 47,000 net acres 2014 HIGHLIGHTS Successfully drilled 31 and completed 17 horizontal gross operated wells 17 horizontal gross operated Completed 12 Wolfcamp A wells with completions in 2014, 30-day IP rates…
  9. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 9
    Permian Horizontal Development Plan 12/31/2014 1,734 Gross (Avg. 80% WI) Rodeo State 13 3H Horizontal Well Locations1 7-IP 1,120 Deacon Jim 6 1H 30-IP 917 7-IP 693 A 4Q 30-IP 273 3Q A City of Pecos 13 3H 7-IP 1,053 Johnny Ringo St…
  10. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 10
    Completion Design Improvements Wolfcamp A Wells Rate Comparisons 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 500 30-DAY BOEPD per 1,000' LATERAL (3-Stream) 450 433 392 400 357 350 321 290 292 300 273 267 268 245…
  11. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 11
    Permian Asset Potential Multiple Benches in Delineation Phase Across Rosettas Acreage Completed Prior Year End 2014 Proposed 2015 Activity Offset Operations Wolfcamp A 3rd Bone Spring Wolfcamp B Wolfcamp C Operated…
  12. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 12
    Permian Reeves County Upper Wolfcamp Horizontal Type Curve (1/30/2014) P50 Type Curve Average 2014 8.5 Well Costs (MM) (8-9 range) 30-Day IP Rate 1,090 Boe/d (gross) Composite EUR 550 MBoe (gross) (500-600 range) % Oil 74% % NGL…
  13. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 13
    SOUTH TEXAS NASDAQ: ROSE
  14. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 14
    South Texas Eagle Ford 2014 HIGHLIGHTS Successfully drilled 94 and completed 95 Eagle Ford Operational Areas 50,000 net acres in liquids window (100% operated wells Produced 59.3 MBoe/d, an increase of 25 percent from 2013…
  15. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 15
    Gates Ranch 26,300 net acres in Webb County Upper EF Pilot 1st Pilot 10 miles 4th Pilot 2014 Summary Completions to date: 196 gross completions Locations remaining: 214 LEF net well locations1 Average2 Lower EF Well…
  16. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 16
    Briscoe Ranch 3,600 net acres in southern Dimmit County Briscoe Ranch 38-1 Upper Eagle Ford Well (10,000 ft lateral) 2014 Summary Completions to date: 29 gross completions Locations remaining: 39 net well locations Average…
  17. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 17
    Central Dimmit County Area 8,500 net acres located in Dimmit County 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. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 18
    MARKETING AND FINANCIAL OVERVIEW NASDAQ: ROSE
  19. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 19
    South Texas Marketing Current capacity 345 MMcf/d with six processing options Firm gathering capacity of 25,000 Bbls/d to Gardendale hub with up to 60,000 Bbls of storage Condensate is stabilized with distillation tower…
  20. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 20
    Permian Basin Marketing - Currently trucked from lease - Evaluating gathering options Oil - Midland-Cushing differentials trending down in 2015 toward 2/Bbl - Gas is rich and processed in Natural Gas two plants - Most…
  21. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 21
    Commodity Derivatives Position Feb 24, 2015 Liquid Derivatives Natural Gas Derivatives (Bbls/d) (MMBtu/d x 1,000) 100 30,000 100 50 26,400 90 25,000 7,000 80 31.90 4.13 70 70 20,000 30 12,000 60 4.04 15,000 50 89.81 50 40…
  22. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 22
    Debt and Capital Structure Debt Structure Capital Structure (MM) (MM) 3,500 8.0% 4,500 60% 55% 7.2% 7.0% 4,000 3,000 53% 3,669 50% 6.0% 3,500 6.0% 2,500 5.8% 3,000 2,848 40% 5.0% 1,669 2,000 2,000 2,500 34% 4.0% 30% 1,348…
  23. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 23
    Liquidity Total Liquidity (Millions) Adequate liquidity to fund 994 2015 capital program 1,000 900 950 million borrowing 800 base 700 634 800 million committed 600 800 amount 500 452 212 million outstanding on February…
  24. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 24
    Investment Summary Drill-bit focused producer with core acreage positions in Eagle Ford and Permian Basin plays Attractive core Delaware Basin position under delineation Successful operator in the high-return Eagle Ford area,…
  25. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 25
    APPENDIX NASDAQ: ROSE
  26. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 26
    Unconventional Well Performance Metrics Gates Ranch Far South Year 2 % EUR % Total Produced PV10 30% 47% Note: Cash flows exclude capital costs. EUR = Estimated ultimate recoveries in MBoe. PV10 = Present value at an annual…
  27. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 27
    Retain Core Acreage Positions Two-Year Asset Name 12/31/2014 12/31/2015 12/31/2016 Change Liquids Rich 49,900 46,900 46,900 (3,000)1 Dry Gas 12,700 3,800 3,800 (8,900) Eagle Ford Total 62,600 50,700 50,700 (11,900) Reeves…
  28. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 28
    2015E Capital Program Up To 350 Million Drilling & Completion millions Drill 18 gross operated wells (11 Eagle Ford, 7 Permian) 50 Complete 28 gross operated wells (20 Eagle Ford, 8 Permian) 150 200 Non-Drilling & Completion -…
  29. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 29
    Attractive Well Economics (5,000 Laterals) 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%…
  30. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 30
    Economics of Portfolio BFIT Returns and PV10s in the current environment 140 128 116 Rate of Return 120 100 (%) 80 75 70 59 60 51 53 36 40 24 21 17 17 20 12 10 0 Gates Far South Gates Southeast Gates North Briscoe…
  31. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 31
    2015 Estimated Well Cost Reductions Actively engaged in productive discussions and negotiations with service providers Total service costs across operation expected to be 20-30% below 2014 levels by year-end 2015 Drilling rig…
  32. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 32
    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…
  33. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 33
    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) (Southeast Gates) (South Gates) (L&E) (North…
  34. March 2015 Investor Presentation – Rosetta Resources, Inc. – slide 34
    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…

From the store

Browse maps, data & reports in the Shale Experts store