2014 rose dug permian conf presentation 0520 2014

Rosetta Resources Inc.Fort Worth, TX May 22, 2014

Dan CalnanVice President, Operations

Growing A Core Area In The Delaware Basin

Cautionary Statements

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This presentation includes forward-looking statements. Forward-looking statementsrelated to future events, such as expectations regarding our capital program,development plans, production rates, resource potential, transportation capacity, netpresent value and projected liquidity. These statements are not guarantees of futureperformance and actual outcomes may differ materially. Factors that could affect theCompany's business include, but are not limited to: oil and gas prices, operatinghazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases;potential liability for remedial actions under existing or future environmentalregulations; potential liability resulting from pending or future litigation; limited accessto capital or significantly higher cost of capital related to illiquidity or uncertainty in thedomestic or international financial markets; as well as changes in tax, environmentaland other laws applicable to our business. Other factors that could cause actualresults to differ materially from those described in the forward-looking statementsinclude other economic, business, competitive and/or regulatory factors affecting ourbusiness generally as set forth in our filings with the Securities and ExchangeCommission. Unless legally required, the Company undertakes no obligation toupdate publicly any forward-looking statements, whether as a result of newinformation, future events or otherwise. For filings reporting year-end 2013 reserves,the SEC permits the optional disclosure of probable and possible reserves. TheCompany has elected not to report probable and possible reserves in its filings withthe SEC. We use the term net risked resources or inventory to describe theCompanys internal estimates of volumes of natural gas and oil that are not classifiedas proved reserves but are potentially recoverable through exploratory drilling oradditional drilling or recovery techniques. Estimates of unproved resources are bytheir nature more speculative than estimates of proved reserves and accordingly aresubject to substantially greater risk of actually being realized by theCompany. Estimates of unproved resources may change significantly asdevelopment provides additional data, and actual quantities that are ultimatelyrecovered may differ substantially from prior estimates.

Rosetta Resources Permian Overview

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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 4 horizontal rigs running ~1,200 gross horizontal

Wolfbone locations ~288 MMBoe of total resource

potential; 82% liquids

Gaines County

Midland Basin Exploratory~13,000 net acres

Basin Entry2013

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

Delineation2014+

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

Expansion2014+

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

Development2015+

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

Rosettas Permian Basin TimelineGrowing core area in Delaware Basin focused on horizontal applications

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Basin Entry2013


Delineation2014+


Expansion2014+


Development2015+



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Basin Entry2013


Delineation2014+


Expansion2014+


Development2015+



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Basin Entry2013


Delineation2014+


Expansion2014+


Development2015+



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8Permian Asset PotentialStacked Zones Provide Collection of Horizontal Development Opportunities

Inter-bedded oil-bearing sandstone, shale, and tight limestone

Inter-bedded high quality organic-rich siltstone and fine-grained tight limestone

Inter-bedded high quality organic-rich siltstones and tight debris flow deposits (frac barriers)

denotes primary targets*

In comparison, the lower Eagle Ford

reservoir thickness is ~100 at Gates Ranch

Reeves Co. Horizontal Development Plan 3/31/2014

91. Horizontal project count is operated and non operated and includes multiple horizons (Wolfcamp A, B, C, and 3rd Bone Spring). 9

1,176 Gross (Avg 76% WI)Horizontal Well Locations1

P1, P2, P3 Gross HzLocations

Wolfcamp A 430Wolfcamp B,C 2903rd Bone Spring 274TOTAL OPERATED 994Wolfcamp A 103Wolfcamp B,C 513rd Bone Spring 28

TOTAL NON-OP 182Total Horizontal 1,176

Optimizing Operations

Pre-drill planning, land work, and location prep

Drilling multi-well horizontal locations 3-well pad underway 4-well pad planned

Utilizing simultaneous operations Concurrent facility

construction during drilling and completion operations

Reduce cycle time to eliminate delays from well completion to production

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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

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Optimizing Facility Construction

Lowering costs / improving economics Horizontal multi-well facility design Vertical multi-well facility design Facility standardization

Facility improvement Organization Safety, Environmental, and

Standards Compliance

Automation and optimization utilizing technology

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Well Cost Performance Permian Horizontals

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$10.5

$8.5$7.8

0.0

2.0

4.0

6.0

8.0

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12.0

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50

60

70

80

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SpudtoRigRelease/CompletedWellCost

SpudtoRigrelease CompletedWellCost

* Note: 1Q 2014 is latest estimate

*

Well Cost Performance Permian Verticals

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$4.4

$3.8$3.6

$3.2

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* Note: 1Q 2014 is latest estimate

*

Growing Permian Gross Operated Daily Production

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Boe/d Wells* Note: Q2 2014 based on estimate thru May 12, 2014

*

Growing a core area in Delaware Basin requires

Insightful technical analysis and application of cross-basin experience

Leveraging industry information

Focus on optimizing all phases of operations from land through production

Expansion of inventory and future growth opportunities

Successful execution of project plans

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Rosetta Resources is early in its Permian program andwell positioned to grow a core area in the Delaware Basin

2014 rose dug permian conf presentation 0520 2014

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