BNET Industries

Market Cap:$442.7M
Last Fiscal Year Sales:$499.3M
  • Public
  • US
Dow Jones Description

We are an independent oil and gas company engaged in the acquisition, exploration, development and production of oil and gas properties in North America. Our operations are concentrated in the core areas of the Sacramento Basin of California, the Rockies, and South Texas. In addition, we have non-core positions in the State Waters of Texas and the Gulf of Mexico. We are a Delaware corporation based in Houston, Texas. Rosetta Resources Inc. (together with our consolidated subsidiaries, the "Company" or "Rosetta") was formed in June 2005 to acquire Calpine Natural Gas L.P., its partners and the domestic oil and natural gas business formerly owned by Calpine Corporation and its affiliates ("Calpine"). We ("Successor") acquired Calpine Natural Gas L.P. and its partners ("Predecessor") and Rosetta Resources California, LLC, Rosetta Resources Rockies, LLC, Rosetta Resources Offshore, LLC and Rosetta Resources Texas LP and its partners, in July 2005 (hereinafter, the "Acquisition"). We have subsequently acquired numerous other oil and natural gas properties. We have grown our existing property base by developing and exploring our acreage, purchasing new undeveloped leases, acquiring oil and gas producing properties and drilling prospects from third parties. We operate in one business segment. See Item 8. Financial Statements and Supplementary Data, Note 15 - Operating Segments.

President & CEORandy L. Limbacher
Number of Employees 186
Contact Information

717 Texas Ste 2800

Houston, Texas 77002

rosettaresource...

(713) 335-4000

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Rosetta Resources initiated with "buy"

    6/06/09 - Bond / Stock Rating - View Story

  • Rosetta Resources Inc. ROSE reports 1st Quarter ending March 2009 below estimates

    5/08/09 - Financial Announcement - View Story

  • Rosetta Resources Inc. Announces 2008 Financial Results and Provides 2009 Outlook

    2/27/09 - Financial Announcement - View Story

News & Analysis

rosetta resources inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Randy L. Limbacher President & CEO
Michael J. Rosinski CFO & Executive Vice President
Charles F. Chambers Executive Vice President, Corporate Development
Ellen R. Desanctis Executive Vice President, Strategy and Development
Denise DuBard Controller & Vice President
Gerald L. Maxwell Vice President, Hr
J Chad Driskill Vice President, Marketing & Business Dev
J. Chad Driskill Vice President, Marketing & Business Dev
James E. Craddock Vice President, Drilling & Production Operations
John Clayton Vice President, Asset Dev
Michael H. Hickey Vice President and General Counsel
Richard W. Beckler Partner
Donald D. Patteson Jr. Director of Rosetta
Josiah O. Low III Director
Matt Fitzgerald Director

Board of Directors

Name (plus bio) Position
D. Henry Houston Chairman
G. Louis Graziadio III Board of Directors
Henry Houston Delton Board of Directors
Matthew D. Fitzgerald Board of Directors
Philip L. Frederickson Board of Directors
Rosetta Stone Link Board of Directors
William Beckler Richard Board of Directors

Mr. Limbacher joined Rosetta Resources Inc. as President and Chief Executive Officer on November 1, 2007. Previously, he served as President, Exploration and Production - Americas for ConocoPhillips, and had responsibility in this position for all exploration and production activities in the western hemisphere. Mr. Limbacher joined ConocoPhillips, Inc. at its April 2006 acquisition of Burlington Resources Inc., an organization with which he had spent over twenty years. At Burlington, Mr. Limbacher had held a series of increasingly responsible positions, including his role of Executive Vice President, Chief Operating Officer and Director at the time of the ConocoPhillips acquisition. Early in his career, he served in engineering roles with Conoco and Mobil/Superior Oil. Mr. Limbacher has over twenty-seven years of experience in the exploration and production business, both domestically and internationally. He holds a Bachelor of Science degree in Petroleum Engineering from Louisiana State University.

Organization Position Status
Rosetta Resources Inc. President & CEO Current
Rosetta Resources Inc. President and Chief Current
Burlington Resources, Inc. COO & Executive Vice President Current
Rosetta Resources Inc. Executive Officer Current
Rosetta Resources Inc. Board of Directors Current
Mirant Corporation Former
Exxon Mobil Corporation Former
The Burlington Former
Louisiana State University B.S. In Petroleum Engineering Former

Prior to joining Rosetta Resources Inc., Mr. Rosinski served as Senior Vice President and Chief Operating Officer of Municipal Energy Resources Corporation from 1997 to 2004. Previously, he held positions as Senior Vice President and Chief Financial Officer of Santa Fe Energy, and held a number of positions at Tenneco. Mr. Rosinski received a Masters degree in Business Administration from Tulane University and a Bachelors degree in Mechanical Engineering from Georgia Tech. He has over thirty-five years of experience in energy financing, financial management and controls, planning and investor relations in the energy and related industries.

Organization Position Status
Rosetta Resources Inc. CFO & Executive Vice President Current
Rosetta Resources Inc. Treasurer Current
Power 3 Medical Products, Inc. Chief Financial Officer Former
Tenneco, Inc. Former
Tulane University Masters Degree In Business Administration Former

Charles F. Chambers, Executive Vice President, Corporate Development of Rosetta Resources Inc. Mr. Chambers joined Rosetta Resources Operating LP (formerly known as Calpine Natural Gas L.P.) as Vice President of Business Development and Land in February 2005. In March 2002, he founded Buena Vista Oil & Gas for the purpose of acquiring domestic oil and gas assets. Mr. Chambers served as Vice President, Corporate Development of Sheridan Energy from 1997 until 1999 when Sheridan was acquired by Calpine. Following the Acquisition, Mr. Chambers remained with Calpine as Vice President, Business Development until March 2002. Prior to these assignments, Mr. Chambers was land manager at C&K Petroleum Inc. and later founded Chambers Oil & Gas, Inc., an independent operator active in the Texas-Louisiana Gulf Coast. Mr. Chambers has 32 years of experience in the oil and gas industry.

Organization Position Status
Rosetta Resources Inc. Executive Vice President, Corporate Development Current
Rosetta Resources Inc. Acting President & CEO Former
Rosetta Resources Inc. Vice President, Business Development Former

Ellen R. DeSanctis , age 52, has served as Executive Vice President, Strategy and Development since September 2008. Prior to joining Rosetta, Ms. DeSanctis was an independent consultant, advising companies in the areas of strategic planning, investor relations and leadership development. Ms. DeSanctis began her technical career at Shell Oil in 1978, and later moved to Atlantic Richfield Company where she served in a variety of financial and operational functions. Ms. DeSanctis later was responsible for investor relations, corporate communications, and business analysis and budgeting for Vastar Resources Inc. In 2000, Ms. DeSanctis accepted a position at Burlington Resources Inc., where she served most recently as Vice President of Corporate Communications & Strategic Planning. Ms. DeSanctis received a B.A. in Geology & Geological Sciences from Princeton University and a MBA from the University of California, Los Angeles.

Organization Position Status
Rosetta Resources Inc. Executive Vice President, Strategy and Development Current
Burlington Resources, Inc. Vice President, Investor Relations & Corp Communications Current
Shell Oil Company Former
University of California, Los Angeles MBA Former
Princeton University B.A. In Geology & Geological Sciences Former

Since July 7, 2005, Ms. DuBard has served as Vice President and Controller of Rosetta Resources Inc. Prior to joining Rosetta she was engaged as an independent accounting consultant working on special projects with companies such as Western Atlas International, Deloitte & Touche and El Paso Energy Corporation. She began her career at Deloitte & Touche with audit responsibilities in various public and private industries including oil and gas, retail and manufacturing. Moving into industry, she joined Team, Inc. as Assistant Controller, and has held financial accounting and management positions at Sonat Offshore Drilling, Inc. and Enterprise Capital Corporation. Ms. DuBard is cum laude graduate of Texas A&M University.

Organization Position Status
Rosetta Resources Inc. Controller & Vice President Current
Deloitte & Touche LLP Former
Texas A&M University Former

Gerald L. Maxwell currently serves as Vice President of Human Resources of Rosetta Resources Inc. Prior to joining Rosetta, Mr. Maxwell was engaged as an independent human resources consultant. In his consulting practice, he advised Rosetta in establishing the human resources function in preparation for the company’s initial private placement in May 2005. In November 2005, he joined Rosetta as General Manager, Human Resources before becoming Vice President in May 2007. Prior to his consulting practice, Mr. Maxwell was Vice President, Human Resources for several of El Paso Corporation’s business units, both domestic and international. Prior to El Paso’s acquisition of Tenneco, he was Director, Human Resources for Tenneco Energy. Mr. Maxwell has also held human resources positions at Quintana Petroleum, Anadarko Petroleum, Coastal Corporation, and in the financial industry. He received dual Bachelor degrees in management and economics from Houston Baptist University.

Organization Position Status
Rosetta Resources Inc. Vice President, Hr Current
Human Resources Incorporated General Manager Former
Tenneco Energy Director of Human Resources Former
Organization Position Status
Rosetta Resources Inc. Vice President, Marketing & Business Dev Current
Calpine Energy Services Former
Calpine Corporation Former
Texas Tech University Bachelor of Business Administration Degree In Finance Former

Mr. Driskill joined Rosetta Resources Inc. in July 2005 as Vice President of Marketing and Business Development. At Rosetta, Mr. Driskill is responsible for both physical and financial commodity marketing and trading, as well as supporting merger and acquisition activity. Prior to joining Rosetta, Mr. Driskill spent ten years at Calpine Corporation holding a number of positions in energy trading, business development, and risk management at both Calpine Corporation and Calpine Energy Services. Prior to Joining Calpine, Mr. Driskill spent five years at LFC Financial Corp as Director Gas Trading. Mr. Driskill has twenty years experience in the energy trading, oil and gas, and power generation industries.

Organization Position Status
Rosetta Resources Inc. Vice President, Marketing & Business Dev Current

James E. Craddock joined Rosetta Resources Inc. as Vice President of Drilling and Production Operations on April 15, 2008. Prior to joining Rosetta, Mr. Craddock was Chief Operating Officer for BPI Energy, Inc., an exploration and production start-up company focused on coal bed methane development. Mr. Craddock began his industry career with Superior Oil Company in 1981 and then assumed a broad range of technical, operational and strategic roles with Burlington Resources and its predecessor companies over more than twenty years. At Burlington, he held a series of positions of increasing responsibility, most recently as Chief Engineer. Mr. Craddock has extensive experience in production operations, reservoir and production engineering, and unconventional gas and oil exploitation. Mr. Craddock received a Bachelor of Science degree in Mechanical Engineering from Texas A&M University.

Organization Position Status
Rosetta Resources Inc. Vice President, Drilling & Production Operations Current
Bpi Energy, Inc. Chief Operating Officer Former
The Burlington Former
Texas A&M University Bachelor of Science Degree In Mechanical Engineering Former

Mr. Clayton has served as Vice President, Asset Development since March 24, 2008. Prior to joining Rosetta Resources Inc., Mr. Clayton was Manager, Lower 48 Business Development for ConocoPhillips, Inc. Mr. Clayton joined ConocoPhillips in 2006 as a result of ConocoPhillips' merger with Burlington Resources Inc. Mr. Clayton was employed with Burlington Resources Inc. from 1986 through 2006, where he held various positions including Director of Worldwide Acquisition and Divestitures. Mr. Clayton has a Bachelor of Science degree in petroleum engineering from Louisiana State University and has over twenty years of experience in the industry in asset management, reservoir engineering, production engineering and drilling engineering.

Organization Position Status
Rosetta Resources Inc. Vice President, Asset Dev Current
Louisiana State University Bachelor of Science Degree In Petroleum Engineering Former

Mr. Hickey joined Rosetta Resources Inc. on August 1, 2005. He is knowledgeable concerning Rosetta's oil and gas business, having been promoted to Vice President and Managing Counsel for Calpine's North American E&P and midstream group, where he helped grow these oil and gas assets from September 2000 to March 2004. Mr. Hickey has previous experience in the role as general counsel having served as VP Law and Secretary of Technip Offshore Inc., Vice President, General Counsel and Secretary of Kosa B.V., and Corporate Counsel and Secretary of Zapata Gulf Marine Corporation. Mr. Hickey has been a practicing lawyer for 27 years, and holds a Bachelor of Arts degree and J.D. from the University Tennessee.

Organization Position Status
Rosetta Resources Inc. Vice President and General Counsel Current
Rosetta Resources Inc. General Counsel Current
The University of Tennessee Juris Doctorate Former
The University of Tennessee Bachelors of Arts Degree In English Former

Richard W. Beckler , age 69, has served as Director of Rosetta since July 2005. Since 2003, Mr. Beckler has served as a partner in the global litigation group of the law firm of Howrey LLP. From 1979 through 2003, he was a partner in the law firm of Fulbright & Jaworski and at the end of his tenure, the partner heading the litigation group in Washington, D.C. Mr. Beckler also served as a section chief in the Criminal Fraud Section of the U.S. Department of Justice, and as an Assistant District Attorney in the Manhattan District Attorney's Office.

Organization Position Status
Howrey Simon Arnold & White, LLP Partner Current
Rosetta Resources Inc. Partner Current
Rosetta Resources Inc. Director of Rosetta Current
Fulbright & Jaworski Partner Former
Manhattan District Attorney Assistant District Attorney Former
Arnold White Former

Mr. Patteson is the founder and Chairman of the Board of Directors of Sovereign Business Forms, Inc. a consolidator in the wholesale manufacturing of custom business forms and related products segment of the printing industry. Prior to founding Sovereign in August 1996, he served as Managing Director of Sovereign Capital Partners, an investment firm specializing in leveraged buyouts. Mr. Patteson also previously served as President and Chief Executive Officer of WBC Holdings, Inc., President and Chief Executive Officer of Temple Marine Drilling, Inc./R.C. Chapman Drilling Co., Inc., and President, Chief Executive Officer and Director of Temple Drilling. Mr. Patteson also worked with Atwood Oceanics, Houston Offshore International, Western Oceanic and Arthur Andersen's management consulting practice earlier in his career.

Organization Position Status
Sovereign & Co. Founder Current
Rosetta Resources Inc. Director of Rosetta Current
Rosetta Resources Inc. Board of Directors Current
Sovereign & Co. Chief Executive Officer Former
Atwood Oceanics, Inc. Former
Organization Position Status
Rosetta Resources Inc. Chairman Current
Rosetta Resources Inc. Director Current
T.D. Rowe Amusement Chief Financial Officer Former
Remote Knowledge, Inc. Chief Operating Officer Former
T.D. Rowe Amusement Executive Vice President Former
Remote Knowledge, Inc. Executive Vice President Former
Organization Position Status
Boss Holdings, Inc. Chief Executive Officer Current
True Religion Brand Jeans Director of Our Company Current
Boss Holdings, Inc. Chairman of the Board Current
True Religion Brand Jeans Board of Directors Current
True Religion Apparel, Inc. Board of Directors Current
Acacia Research Corporation Board of Directors Current
Rosetta Resources Inc. Board of Directors Current
Imperial Credit Industries, Inc. Board of Directors Current
Imperial Bank Limited Director of Imperial Bancorp Former

From 2002 through 2008, when he retired, Mr. Houston was Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Remote Knowledge, Inc., a company offering communication services for marine pleasure craft. He continues to serve on the board of directors of Remote Knowledge, Inc. From 1995 through 2002, he served as Executive Vice President and Chief Financial Officer of T.D. Rowe Amusements, a private company operating approximately 25,000 vending and amusement devices. Mr. Houston also previously worked as an oil and gas consultant and served as President of KP Explorations, Chairman of the Board of Magee Poole Drilling, President of Black Hawk Oil Company, Chief Financial Officer of C&K Petroleum, and Vice President, Chief Financial Officer, and Director of Southdown Inc. Earlier in his career, he worked with Price Waterhouse and with Detsco, Inc.

Organization Position Status
Rosetta Resources Inc. Board of Directors Current
Organization Position Status
Catterton Partners Board of Directors Current
CoStar Group, Inc. Board of Directors Current
Rosetta Resources Inc. Director Current
Donaldson, Lufkin & Jenrette Managing Director Former
Catterton Partners Partner Former
Williams College Former
Organization Position Status
Rosetta Resources Inc. Director Current
Grant Prideco, Inc. CFO & Senior Vice President Former
BJ Services Company Vice President Former
Baker Hughes Incorporated Director of Corporate Audit Former
Ernst & Whinney Senior Manager Former
Baker Hughes Incorporated Senior Manager Former
BJ Services Company Controller Former
University of Florida Masters degree Former
University of Florida Bachelor of Business Administration In Accounting Former

Matthew D. ("Matt") Fitzgerald, now a private investor, retired from Grant Prideco, Inc. in April of 2008, where he served as Executive Vice President and Chief Financial Officer since January 2004, and Treasurer since February 2007. Prior to joining Grant Prideco, Inc., Mr. Fitzgerald served as Executive Vice President, Chief Financial Officer, and Treasurer of Veritas DGC beginning in March 2001. Mr. Fitzgerald was employed by BJ Services Company from 1989 to 2001, where he served as Vice President and Controller. Mr. Fitzgerald was also a senior manager with the accounting firm of Ernst & Whinney. Fitzgerald holds a Bachelor of Business Administration in Accounting and a Masters in Accountancy from the University of Florida.

Organization Position Status
Rosetta Resources Inc. Board of Directors Current
Organization Position Status
DCP Midstream, LLC Board of Directors Current
Rosetta Resources Inc. Board of Directors Current
Yellowstone Park Foundation Director Current
Sunoco, Inc. Board of Directors Current
ConocoPhillips Executive Vice President, Planning & Strategy & Corp Affairs Former
ConocoPhillips Executive Vice President Technology Former
Conoco, Inc. Former
Texas Tech University bachelor of science degree in industrial engineering Former
Organization Position Status
Rosetta Resources Inc. Board of Directors Current
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     ROSE $8.33 -0.64 (-7.13% )
Average Volume 610,670
Shares Outstanding 52.13M
Market Cap 434.3M
Year High 28.3
Year Low 3.52
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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Company Employer Rating
Chevron 3.8
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