Rosetta Resources Inc. Second Quarter 2014 Earnings Review
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
Overview Jim Craddock Set record levels of daily equivalent production, daily oil production, and daily NGL production Increased total daily equivalent production 26 percent versus 2013 Increased total daily oil production 56…
2014 Guidance Production Guidance (MBoe/d) Average daily production 63 - 66 Expense Guidance (/Boe) Direct Lease Operating Expense 2.75 - 2.90 Workover Expenses 0.80 - 0.85 Insurance 0.05 - 0.05 Treating and Transportation…
Strong Growth Track Record Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) Permian Acquisition 288 MMBoe Total Company Estimate Range 879 80 900 68 - 74 74 800 70 68 Divested 11 MMBoe 700 60 58 600 578 570 50…
PERMIAN HORIZONTAL UPDATE
Permian Horizontal Development Plan 6/30/2014 3rd Bone Springs Test (July Completion) Johnny Ringo 9 2H 1,251 BOE/D (7-day) Black Jack Wolfcamp A Spacing Test Black Jack 16 1H 1,395 BOE/D (7-day) Black Jack 16 2H 1,338 BOE/D…
Permian Reeves County Flowback Rates vs Upper Wolfcamp Horizontal Type Curve 3-Stream Production (BOE/d) Days *All production data normalized to 4,000' lateral length 8
UPPER EAGLE FORD PILOT UPDATE
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
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…
Upper Eagle Ford Pilot Program Pilot 3: L&E Asset in Central Dimmit County Average Underlying Lower EF Well CUM: 87 MBOE 80% liquids (oil+ngl) Upper EF Pilot Well (B-31) CUM: 82 MBOE L&E B-31 Upper Eagle Ford 160…
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 BVP 53 UEF +/- 110 ft BVP 54 LEF +/- 150 ft 13