HOUSTON, April 15, 2013 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (Nasdaq:ROSE) ("Rosetta" or the "Company") today announced 2013 guidance updates for capital, production, and expenses. The changes reflect the proposed May 2013 acquisition of Permian Basin assets previously announced on March 15. The Company also announced the amendment of its Senior Revolving Credit Facility ("Credit Facility") which increases the borrowing base and extends the maturity date.
First Quarter 2013 Operational Preview
Rosetta's total production for the quarter is expected to average an all-time record of 47.0 thousand barrels of oil equivalent per day ("MBoe/d"), up 39 percent from the same period in 2012 and 6 percent from the prior quarter. Oil production will be 12.4 thousand barrels ("MBbls") per day, an increase of 67 percent from the prior year and 6.4 percent over the fourth quarter daily production rate. The Company expects total production for the quarter to be 62 percent liquids. In the first quarter of 2013, Rosetta made capital investments of approximately $161 million, drilling 24 gross wells with a 100 percent success rate and completing 17 wells. At the end of the quarter, 38 drilled wells were awaiting completion.The following table details Rosetta's Eagle Ford gross well completion activity by area:
|As of||1Q 2013||Completed||Drilled Awaiting|
|March 31, 2013||Completed||To Date||Completion|