Rosetta Resources Inc. Fourth Quarter & Full Year 2014
Earnings Call Agenda Overview Jim Craddock Financial Update John Hagale Operational Update John Clayton Closing Remarks Jim Craddock 2
2015 Strategic Update Capital by Division Two-year capital program of up to 350 million per year Other 12% Operate within cash flow; no additional debt Eagle Ford 47% Permian 41% Defend an average production level of roughly…
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…
Reserves and Production Year-End Net Risked Resource Potential Net Production (MMBoe) (MBoe/d) 1100 1,046 70 66 1000 900 879 60 800 50 50 700 765 600 578 570 40 37 600 500 30 28 59 396 400 369 23 417 48 300 20 36 316…
2015 Guidance 2015 First Quarter 2015 Full-Year Production Guidance (MBoe/d) Average daily production 64 - 67 58 - 62 Expense Guidance (/Boe) Direct Lease Operating Expense 2.90 - 3.05 3.25 - 3.50 Workover Expenses 1.10 -…
Retain Core Acreage Positions Asset Name 12/31/2014 12/31/2016 Change Liquids Rich 49,900 46,900 (3,000)1 Dry Gas 12,700 3,800 (8,900) Eagle Ford Total 62,600 50,700 (11,900) Reeves County 47,000 41,800 (5,200)2 Gaines County…
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…
Permian 4Q Horizontal Delineation Activity Wolfcamp A Well Rodeo State 12 3H 7 Day IP (Boe) = 1,120 Wolfcamp A Well 30 Day IP (Boe) = 917 Blue Duck 35 1H Lateral Length 4,000 7 Day IP (Boe) = 1,069 30 Day IP (Boe) = 915 Lateral…
Permian Reeves County 4Q 2014 Completions Flowback Rates vs Upper Wolfcamp Horizontal Type Curve 3-stream Production (BOE/d) Note: All production normalized to 5000 lateral length Days 11
2nd Half 2014 Wolfcamp A Completions 3-stream Production (BOE/d) Note: All production normalized to 5000 lateral length Days 12
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 - 62 900 879 60 800 50 50 700 765 600 578 570 40 37 600…