Rosetta Resources Plans to Spend $735 Million in the Eagle Ford in 2014

Production Growth of 20-30% Expected in 2014
Rosetta Resources Eagle Ford Acreage Map By Area

Rosetta Resources Eagle Ford Acreage Map By Area | Click to Enlarge

Rosetta Resources will spend approximately tw0-thirds of its $1.1 billion budget in 2014 in the Eagle Ford.

The company will spend $735 million running 4-5 rigs, with plans to drill and complete 90-95 gross wells. Approximately half of the activity will target the Eagle Ford from the company’s Gates Ranch leases.

Read more: Rosetta Acquires Additional Eagle Ford Interests at Gates Ranch

As a result of Eagle Ford and Permian Basin growth, Rosetta expects production to grow 20-30% to 60,000-65,000 boe/d. [Read more…]

Rosetta is Proving Eagle Ford Acreage – Growing Production

55-acre spacing at Gates Ranch continues to yield promising results
Rosetta Resources Eagle Ford Shale Activity Map

Rosetta Resources Acreage & Rigs | Click to Enlarge

Rosetta Resources tested a 8,100-acre tract for the first time in the third quarter of 2012. The Lasseter & Eppright 1 well is located in central Dimmit County (oil window). The well has a 5,404-ft lateral and was completed with 15 frac stages. In the first seven days online, the well produced 667 b/d of oil, 1.8 mmcfd of residue gas, 262 b/d of NGLs for an equivalent rate of 1,228 boe/d. I’ll step out on a limb and say more than 1,000 boe/d is really good sign. We’ll likely see the company attribute additional wells to its development program in this area in the coming months. [Read more…]

Rosetta Resources Plans Eagle Ford Development at 55-Acre Spacing at Gates Ranch

Development at Gates Ranch in Webb County now includes a total of 428 wells
Rosetta Resources Eagle Ford Shale Activity Map

Rosetta Resources Acreage & Rigs | Click to Enlarge

Rosetta Resources continues to evaluate its well spacing tests across the Eagle Ford, but results to date show no interference from wells tested at 425-565 ft apart or 50-65 acre spacing. Without signs of interference, the company is going forward with development at 55-acres spacing. The lower down-spacing interval will allow the company to drill 428 wells across its Gates Ranch properties; a 29% increase.

Rosetta expects it had approximately 800 net wells to be completed throughout its Eagle Ford position at the end of 2011. Over 30% of those are located in the Gates Ranch area of Webb County where the company has two rigs running continually. The company’s rigs are spread throughout the Briscoe Ranch, Central Dimmit County and the company’s Karnes County acreage.

Read the company’s full press release regarding down spacing results at rosettaresources.com

Rosetta Resources Planning 65-Acre Spacing – Expanding Gathering

Rosetta Resources is planning to down space to 65-acres per well in the Eagle Ford. That’s a nice jump from the 100+ acres spacing most are utilizing across the play. Well results will tell the story, but Rosetta has the confidence to go forward based on what it has seen to date. Development of the company’s entire acreage position is expected at a range of 60-80 acres per well.

The company also proved the potential of 13,600 acres outside of Gates Ranch. At ~65-acre spacing, that’s an additional 200 drilling locations. In addition, Rosetta has a 10,000 acre position that will be tested during 2012.

12 Eagle Ford wells were completed in the third quarter and the company plans to complete 13 wells in the fourth quarter. That pace is close to the long-term target of 60 completions per year. With an inventory of more than 800 wells to be drilled, the Eagle Ford is becoming a 10-15 year development for Rosetta Resources.  [Read more…]

Rosetta Resources Down Spacing Test at 50 Acres per Well

Rosetta Resources will be able to provide real production data on the down-spacing potential in the Eagle Ford by the end of 2011. The company is drilling a three well down spacing pilot program to test the potential of 50-acre spacing on the company’s Gates Ranch lease in Webb County, TX. If this pilot proves successful, it means the Eagle Ford might have a well inventory that is three times greater than most people expected. [Read more…]

Rosetta Resources Eagle Ford Shale Production Interrupted

A midstream interruption in South Texas is forcing Rossetta Resources to curtail volumes from the company’s Gates Ranch assets. Hopefully, this is localized and can be fixed relatively quickly. [Read more…]

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