Attached files
| file | filename |
|---|---|
| 8-K - ROSE 8K DUG CONFERENCE PRESENTATION - NBL Texas, LLC | rose8k_dugpresentation.htm |
Exhibit 99.1
Cautionary Statements
2
Rosetta Resources Permian Overview
3
Delaware Basin - Delineation
~47,000 net acres
Reeves County
Note: Acreage numbers are rounded
Summary
• ~120 operated wells averaging
7,000 Boe/d gross current QTD
7,000 Boe/d gross current QTD
• 4 horizontal rigs running
• ~1,200 gross horizontal
Wolfbone locations
Wolfbone locations
• ~288 MMBoe of total resource
potential; 82% liquids
potential; 82% liquids
Gaines County
Midland Basin - Exploratory
~13,000 net acres
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Basin Entry
2013
|
• March: Announced acquisition and entry into Permian Basin
• May: Closed acquisition after debt and equity offerings; begin staffing
• August: Rosetta assumed operations; opened Midland and Pecos field offices
• 3Q/4Q: Completed first two upper Wolfcamp horizontal wells
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Delineation
2014+
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• Testing Permian horizontal Wolfcamp benches; assessing Bone Spring potential
• Running four horizontal rigs with plans to drill ~24 wells across acreage
• Optimizing drilling, completion, facilities, and production operations
• 1Q: Completed two upper Wolfcamp horizontal wells
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Expansion
2014+
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• 1Q: Doubled inventory of horizontal projects to ~1,200 gross locations
• February: Added ~5,000 net acres in Reeves Co. bolt-on acquisition
• Assessing Gaines County acreage in Midland Basin; monitoring offset activity
• Pursuing new growth targets through bolt-on acquisitions in core areas
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Development
2015+
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• Grow production volumes while applying cross-basin and industry knowledge
• Refine and maintain competitive overall cost structure and margins
• Continue to optimize all phases of operations
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Rosetta’s Permian Basin Timeline
Growing core area in Delaware Basin focused on horizontal applications
Growing core area in Delaware Basin focused on horizontal applications
4
|
Basin Entry
2013
|
• March: Announced acquisition and entry into Permian Basin
• May: Closed acquisition after debt and equity offerings; begin staffing
• August: Rosetta assumed operations; opened Midland and Pecos field offices
• 3Q/4Q: Completed first two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Delineation
2014+
|
• Testing Permian horizontal Wolfcamp benches; assessing Bone Spring potential
• Running four horizontal rigs with plans to drill ~24 wells across acreage
• Optimizing drilling, completion, facilities, and production operations
• 1Q: Completed two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Expansion
2014+
|
• 1Q: Doubled inventory of horizontal projects to ~1,200 gross locations
• February: Added ~5,000 net acres in Reeves Co. bolt-on acquisition
• Assessing Gaines County acreage in Midland Basin; monitoring offset activity
• Pursuing new growth targets through bolt-on acquisitions in core areas
|
|
|
|
|
|
|
|
Development
2015+
|
• Grow production volumes while applying cross-basin and industry knowledge
• Refine and maintain competitive overall cost structure and margins
• Continue to optimize all phases of operations
|
|
|
|
Rosetta’s Permian Basin Timeline
Growing core area in Delaware Basin focused on horizontal applications
Growing core area in Delaware Basin focused on horizontal applications
5
|
Basin Entry
2013
|
• March: Announced acquisition and entry into Permian Basin
• May: Closed acquisition after debt and equity offerings; begin staffing
• August: Rosetta assumed operations; opened Midland and Pecos field offices
• 3Q/4Q: Completed first two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Delineation
2014+
|
• Testing Permian horizontal Wolfcamp benches; assessing Bone Spring potential
• Running four horizontal rigs with plans to drill ~24 wells across acreage
• Optimizing drilling, completion, facilities, and production operations
• 1Q: Completed two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Expansion
2014+
|
• 1Q: Doubled inventory of horizontal projects to ~1,200 gross locations
• February: Added ~5,000 net acres in Reeves Co. bolt-on acquisition
• Assessing Gaines County acreage in Midland Basin; monitoring offset activity
• Pursuing new growth targets through bolt-on acquisitions in core areas
|
|
|
|
|
|
|
|
Development
2015+
|
• Grow production volumes while applying cross-basin and industry knowledge
• Refine and maintain competitive overall cost structure and margins
• Continue to optimize all phases of operations
|
|
|
|
Rosetta’s Permian Basin Timeline
Growing core area in Delaware Basin focused on horizontal applications
Growing core area in Delaware Basin focused on horizontal applications
6
|
Basin Entry
2013
|
• March: Announced acquisition and entry into Permian Basin
• May: Closed acquisition after debt and equity offerings; begin staffing
• August: Rosetta assumed operations; opened Midland and Pecos field offices
• 3Q/4Q: Completed first two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Delineation
2014+
|
• Testing Permian horizontal Wolfcamp benches; assessing Bone Spring potential
• Running four horizontal rigs with plans to drill ~24 wells across acreage
• Optimizing drilling, completion, facilities, and production operations
• 1Q: Completed two upper Wolfcamp horizontal wells
|
|
|
|
|
|
|
|
Expansion
2014+
|
• 1Q: Doubled inventory of horizontal projects to ~1,200 gross locations
• February: Added ~5,000 net acres in Reeves Co. bolt-on acquisition
• Assessing Gaines County acreage in Midland Basin; monitoring offset activity
• Pursuing new growth targets through bolt-on acquisitions in core areas
|
|
|
|
|
|
|
|
Development
2015+
|
• Grow production volumes while applying cross-basin and industry knowledge
• Refine and maintain competitive overall cost structure and margins
• Continue to optimize all phases of operations
|
|
|
|
Rosetta’s Permian Basin Timeline
Growing core area in Delaware Basin focused on horizontal applications
Growing core area in Delaware Basin focused on horizontal applications
7
8
Permian Asset Potential
Stacked Zones Provide Collection of Horizontal Development Opportunities
Stacked Zones Provide Collection of Horizontal Development Opportunities
denotes primary targets
*
Inter-bedded oil-bearing sandstone, shale, and
tight limestone
tight limestone
Inter-bedded high quality organic-rich siltstone
and fine-grained tight limestone
and fine-grained tight limestone
Inter-bedded high quality organic-rich siltstones
and tight debris flow deposits (frac barriers)
and tight debris flow deposits (frac barriers)
In comparison, the
lower Eagle Ford
reservoir thickness is
~100’ at Gates Ranch
lower Eagle Ford
reservoir thickness is
~100’ at Gates Ranch
Reeves Co. Horizontal Development Plan 3/31/2014
9
Optimizing Operations
• Pre-drill planning, land
work, and location prep
work, and location prep
• Drilling multi-well
horizontal locations
horizontal locations
§ 3-well pad underway
§ 4-well pad planned
• Utilizing simultaneous
operations
operations
§ Concurrent facility
construction during drilling
and completion operations
construction during drilling
and completion operations
§ Reduce cycle time to
eliminate delays from well
completion to production
eliminate delays from well
completion to production
10
Optimizing Operations
• Completion Efficiency
§ Expediting water transfer process to support activity
§ Applying cross-basin knowledge to job design
§ Evaluating flowback and testing
• Production Efficiency
§ Optimizing to reduce mechanical downtime
§ Planning appropriate artificial lift applications
§ Gathering system for produced water
11
Optimizing Facility Construction
• Lowering costs /
improving economics
improving economics
§ Horizontal multi-well facility design
§ Vertical multi-well facility design
§ Facility standardization
• Facility improvement
§ Organization
§ Safety, Environmental, and
Standards Compliance
Standards Compliance
§ Automation and optimization
utilizing technology
12
Well Cost Performance - Permian Horizontals
13
Well Cost Performance - Permian Verticals
14
Growing Permian Gross Operated Daily Production
15
*
Growing a core area in Delaware Basin requires…
• Insightful technical analysis and application of cross-basin
experience
experience
• Leveraging industry information
• Focus on optimizing all phases of operations from land
through production
through production
• Expansion of inventory and future growth opportunities
• Successful execution of project plans
16
“Rosetta Resources is early in its Permian program and
well positioned to grow a core area in the Delaware Basin”