Rosetta Resources announces results in the Eagle Ford shale play for Q2:
Since inception in the Eagle Ford play, Rosetta has drilled 18 horizontal wells, comprised of 14 in Gates Ranch and four in Encinal/Springer Ranch area. Currently, 14 wells are completed and two are in the process of being completed. Of these, 12 of the completed wells are in Gates Ranch, as are the two completions now underway. Importantly, since the end of the first quarter, the Company has virtually eliminated its backlog of uncompleted Gates Ranch wells. The Company believes the Gates Ranch acreage is fully delineated and large-scale development is now underway.