OilStockReport Thursday, 06/16/11 01:24:24 PM Re: antisubmarinewarfare post# 4 Post # of 54 Update on Rosetta's acreage in the Eagle Ford. Quote:Rosetta Resources (ROSE) has 65000 net acres in the Eagle Ford with 50000 net acres in the liquids-rich area. It has an inventory of 450 potential locations. Its Gates Ranch acreage has an estimated 12.6 Tcfe of hydrocarbons in place. Rosetta estimates it will have 58 total completed wells by the end of this year. In five quarters, it has gone from startup to 120 Mmcfepd. Cost savings are being realized, as three well pad drilling decreases costs by $500,000/well. Its Gates Ranch location is 26500 net acres in the condensate window, leaving an additional liquids rich acreage of 23500. The non-Gates Ranch acres will be tested this year and is located in Dimmit, Gonzales, LaSalle and Webb Counties. Rosetta has divided its Gates Ranch acreage into two parts. Gates North-5.0 Mmcfpd and 450 Bopd (6.7 Bcfe EUR) Gates South-7.0 Mmcfpd and 350 Bopd (8.1 Bcfe EUR) Gates Ranch has well costs of $8.25 million on 100 acre spacing. Rosetta is an interesting play as it is spending almost all of 2011 cap ex on the Eagle Ford. I am watching Rosetta closely, but it is currently not one of my favorites. This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.