Rosetta Resources Inc. Announces 2014 Capital Budget and Guidance and Provides Operations Update

Rosetta Resources Inc. Announces 2014 Capital Budget and Guidance and Provides
Operations Update

Company Plans to Spend $1.1 Billion Next Year to Deliver Approximately 20 - 30
Percent Total Production Growth Versus 2013

HOUSTON, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Rosetta Resources Inc.
(Nasdaq:ROSE) ("Rosetta" or the "Company") today announced its Board of
Directors has approved a 2014 capital budget of $1.1 billion. Approximately
$735 million, or approximately 67 percent, will be spent on development
activities in the liquids-rich window of the Eagle Ford shale in South Texas.
Approximately $265 million, or 24 percent, will be spent on activities in the
Delaware Basin in West Texas. In addition, the 2014 budget allocates
approximately $100 million for other capital items, including evaluation of
new venture opportunities, capitalized interest and other corporate capital.
The 2014 capital expenditure program will be funded from a combination of
internally generated cash flow, cash on hand, and borrowings under our credit

"The 2014 capital plan is structured to deliver between 20 and 30 percent
combined production growth from our Eagle Ford and Delaware Basin assets. The
program reflects increasing activity as we initiate broader scale horizontal
development in Reeves County and further expand development in new areas of
our current Eagle Ford position," said Jim Craddock, Chairman, Chief Executive
Officer and President. "We will continue to focus our efforts on integrating
our West Texas assets while continuing to efficiently execute the development
of our Eagle Ford leases."

Rosetta's 2014 capital program is based on a four to five-rig Eagle Ford
program and plans to drill and complete roughly 90 – 95 gross wells.
Approximately half of the completions will be located in the Gates Ranch area
with the remainder in other areas in the liquids-rich window of the play,
including Briscoe Ranch, Tom Hanks, and Central Dimmit County. The budget also
includes a six-rig Permian program, including four rigs dedicated to
horizontal drilling and two rigs allocated to vertical wells. Plans are to
drill and complete approximately 50 – 55 gross operated wells in the oil-rich
Delaware Basin, about half of which are horizontal wells.

2014 Guidance

Based on the approved capital budget, Rosetta expects full year 2014
production to range from 60 – 65 thousand barrels of oil equivalent per day
("MBoe/d"). The average oil ratio is expected to be approximately 30 percent
in 2014.

Rosetta expects direct LOE unit costs to average from $2.85 – $3.10 per Boe in
2014. Total lifting costs, including direct LOE, workover expenses, insurance,
and ad valorem taxes, are anticipated to range from $4.15 – $4.60 per Boe in
2014 reflecting the full year impact of Permian Basin operations.A summary of
the Company's cost per unit expense guidance for full year 2014 is outlined in
the attached "Summary of Guidance" table.

Fourth Quarter 2013 Operations Update

During the fourth quarter Rosetta was impacted by operational issues in South
Texas on a gathering pipeline and at a gas processing facility owned by
third-party midstream service providers. The plant operating problems
adversely affected the Company's natural gas liquid ("NGL") recoveries and
resulted in a shutdown at one of the third-party facilities. The Company also
had delays in production timing due to extended shut-ins of buffer pad wells
as well as timing of first production from newly completed wells.
Additionally, Rosetta experienced temporary production interruptions in the
Gates Ranch assets located in the Eagle Ford shale due to a compressor fire at
a production facility. The combined impact of the fourth quarter production
interruptions resulted in curtailment of approximately 4,000 barrels of net
oil equivalent daily production, the majority of which was related to the
third-party midstream plant disruption. As a result, Rosetta expects fourth
quarter 2013 production to average approximately 52 MBoe/d and full year 2013
production to average about 50 MBoe/d, or roughly 35 percent year-over-year
production growth compared to 2012.For 2014, Rosetta's production associated
with the shut-in plant was successfully re-routed to two other contracted
third-party midstream service providers.

Chairman, CEO and President, Jim Craddock commented, "Our strength is our
people and our personnel have done a great job of minimizing the impacts of
several external hurdles we faced this quarter.We look forward to discussing
our fourth quarter results, as well as our outlook for 2014, with investors in

Rosetta Resources Inc. is an independent exploration and production company
engaged in the acquisition and development of onshore unconventional resource
plays in the United States of America.The Company owns well delineated
positions in the Eagle Ford area in South Texas and in the Permian Basin.
Rosetta is based in Houston, Texas.


Forward-Looking Statements

This press release includes forward-looking statements, which give the
Company's current expectations or forecasts of future events based on
currently available information. Forward-looking statements are statements
that are not historical facts, such as expectations regarding completion of
the proposed acquisition, drilling plans, including the acceleration thereof,
production rates and guidance, proven reserves, resource potential,
incremental transportation capacity, exit rate guidance, net present value,
development plans, progress on infrastructure projects, exposures to weak oil,
natural gas, and NGL prices, changes in the Company's liquidity, changes in
acreage positions, expected expenses, expected capital expenditures, and
projected debt balances. The assumptions of management and the future
performance of the Company are subject to a wide range of business risks and
uncertainties and there is no assurance that these statements and projections
will be met. Factors that could affect the Company's business include, but are
not limited to: the risks associated with drilling and completion of oil and
natural gas wells; the Company's ability to find, acquire, market, develop,
and produce new reserves; the risk of drilling dry holes; oil, liquids and
natural gas price volatility; derivative transactions (including the costs
associated therewith and the abilities of counterparties to perform
thereunder); uncertainties in the estimation of proved, probable, and possible
reserves and in the projection of future rates of production and reserve
growth; inaccuracies in the Company's assumptions regarding items of income
and expense and the level of capital expenditures; uncertainties in the timing
of exploitation expenditures; operating hazards attendant to the oil and
natural gas business; drilling and completion losses that are generally not
recoverable from third parties or insurance; potential mechanical failure or
underperformance of significant wells; midstream and pipeline construction
difficulties and operational upsets; climatic conditions; availability and
cost of material, equipment and services; the risks associated with operating
in a limited number of geographic areas, including the Permian; actions or
inactions of third-party operators of the Company's properties; the Company's
ability to retain and hire skilled personnel; diversion of management's
attention from existing operations while pursuing acquisitions or
dispositions; the Company's ability to integrate the newly acquired assets and
operations, including the assets acquired in the Permian; availability and
cost of capital; the strength and financial resources of the Company's
competitors; regulatory developments; environmental risks; uncertainties in
the capital markets; general economic and business conditions; changes in
commodity prices that were not anticipated in the acquisition of the assets
and operations in the Permian; industry trends; and other factors detailed in
the Company's most recent Form 10-K and other filings with the Securities and
Exchange Commission. If one or more of these risks or uncertainties
materialize (or the consequences of such a development changes), or should
underlying assumptions prove incorrect, actual outcomes may vary materially
from those forecasted or expected. The Company undertakes no obligation to
publicly update or revise any forward-looking statements except as required by

Rosetta Resources Inc.
Summary of Guidance
                                       2014 Full Year
2014 Average Daily Production           60     - 65
Direct Lease Operating Expense          $2.85 -   $3.10
Workover Expenses                       0.60   -   0.70
Insurance                               0.05   -   0.05
Ad Valorem Tax                          0.65   -   0.75
Treating and Transportation             4.20   -   4.60
Production Taxes                        1.30   -   1.40
DD&A                                    14.60  -   16.05
G&A, excluding Stock-Based Compensation 3.40   -   3.70
Interest Expense                        2.55   -   2.80

CONTACT: Investor Contact:
         Antoinette D. (Toni) Green
         Vice President, Investor Relations & Planning
         Rosetta Resources Inc.

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