Rosetta Resources raises FY13 capital guidance to $840M-$900M from $630M-$700M

theflyonthewall.com

Approximately $600M will be spent for development activities primarily located in the liquids-rich window of the Eagle Ford shale in South Texas, including about $55M allocated to facilities projects. Approximately $175M will be allocated to operated and non-operated development activity in the oil-rich Delaware Basin, including approximately $7M for facilities projects. In addition, the guidance range now includes approximately $25M of capitalized interest related to the pending acquisition. The remainder of the capital plan includes allocations for new ventures activity and other corporate capital.

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