Rosetta Resources Has Yet To Complete 23% of Its Drilled Eagle Ford Wells

Rosetta Eagle Ford Asset Map - June 2013
Rosetta Eagle Ford Asset Map - June 2013

Rosetta Resources has completed 180 Eagle Ford wells and has 53 wells drilled and awaiting completion.

To put it another way - approximately 23% of the wells the company has drilled to date are sitting idle waiting to be completed.

Based on rough estimates, that means completion crews are a little more than six months behind drilling operations.

Even though an additional rig will be added in the fourth quarter, Rosetta is expected to begin working off the backlog of drilled wells as it transitions into 2014.

Rosetta’s third quarter production results continued on a record pace and demonstrate our ability to maintain development of our core Eagle Ford position while integrating the Permian Basin assets into our operations....
— Jim Craddock, CEO.

Rosetta's daily production was up 33% over the same quarter in 2012 and up 3% over the second quarter to 48,500 boe/d. The company operated five rigs in the third quarter and is expected to run six rigs in the fourth quarter. At Gates Ranch, the company will run 2-3 rigs.

The company's Karnes Trough leases are now fully developed.