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
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Rosetta Resources initiated with "buy"
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Rosetta Resources Inc. ROSE reports 1st Quarter ending March 2009 below estimates
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Rosetta Resources Inc. Announces 2008 Financial Results and Provides 2009 Outlook
News & Analysis
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rosetta resources inc. - All News and Analysis
Rosetta Resources Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, sir. Operator Instructions. And our first question today comes from Mark Lear, Sidoti & Company. Mark Lear – Sidoti & Company Good morning guys. Randy L. Limbacher Good morning, Mark. Mark Lear – Sidoti & Company Just talking about these, the increase in the...
Rosetta Resources Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. The question-and-answer session will be conducted electronically today. Operator Instructions. And we’ll take our first question from Neal Dingmann from Dahlman Rose. Neal Dingmann - Dahlman Rose & Co. Good morning guys. Randy Limbacher Neil. Neal Dingmann - Dahlman Rose & Co. Say, question on...
Rosetta Resources Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions We will go first to Jason Wangler of Dahlman Rose. Jason Wangler – Dahlman Rose Good morning, guys. Nice quarter, nice update. Randy Limbacher Thank you. Jason Wangler – Dahlman Rose Just curious as far as the Calpine lawsuit,...
Zacks Releases Four "Strong Buy" or "Buy" Stocks: Priceline.com, Accenture Ltd., Hanesbrands and Rosetta Resources
CHICAGO -- Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights a Zacks #1 Rank Strong Buy stock or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and...
Rosetta Resources, Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Our first question comes from Jason Wangler with Dahlman Rose. Jason Wangler – Dahlman Rose & Co. Morning guys. Nice quarter. Just kind of on that Rio Vista field with the extensions you guys keep drilling south. ...
Rosetta Resources Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions We'll take our first question from Neal Dingmann, Dahlman Rose. Neal Dingmann - Dahlman Rose Good morning, guys. Nice quarter. Randy Limbacher Hi, Neal. Neal Dingmann - Dahlman Rose. I was wondering, Randy, you had mentioned about more of the drilling or exploration or capital...
Rosetta Resources Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions And our first question comes from Robert Rodriguez with First Pacific Advisors. Robert Rodriguez - First Pacific Advisors Well. Good morning I didn’t expect that. But I just really wanted to wish you welcome, Randy, and best of success in joining the organization and going...
SOUTH TEXAS M&A
Those who have been successful in South Texas M&A say it's not just geology or seismic that make acquisitions possible in the region; it's relationships.When it comes to doing deals in South Texas, what you know is important, but who you know is absolutely crucial."There's definitely a clique down there,"...
Rosetta Resources Second Quarter 2006 Conference Call and Webcast
Rosetta Resources Inc. (NASDAQ: ROSE) will release its second quarter 2006 results on August 14, 2006. The results will be discussed on a conference call and a webcast that will broadcast live over the internet on Tuesday, August 15, 2006 at 10:00 a.m. CDT. What: Rosetta Resources...
Rosetta Resources Inc. Announces Filing of a Post-Effective Amendment to Update Its Registration Statement for Year-End and First Quarter Information
Rosetta Resources Inc. (NASDAQ: ROSE) announced today that it has filed a post-effective amendment to its registration statement on Form S-1 (333-128888). This post-effective amendment updates Rosetta Resources' registration statement to include year-end 2005 and first quarter 2006 information. The Securities and Exchange Commission SEC has not declared...
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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 |
The Rosetta Stone was discovered in 1799 by French soldiers in the village of el-Rashid (Rosetta), in the Western Delta of the Nile River. By this time, all knowledge of ancient Egyptian language had been lost for over 1,000 years. It is engraved in three languages; Demotic Egyption, Hieroglyphics and Greek. The known Greek section (53 lines) at the bottom of the stone helped scholars decipher the two Egyptian scripts - the middle one written in cursive demotic script (32 lines) and the top version in ancient hieroglyphs (14 lines). The text contains a decree passed by a general council of priests in 196 BC on the first anniversary of the coronation of Ptolemy V Epiphanes, King of all Egypt, to honor his services to Egypt. The grey granitoid stone weighs 762kg (1,679 lbs.). The stone was estimated to have been 50cm (20in) high in its original state, with a rounded top and carvings of the king.
| Organization | Position | Status |
|---|---|---|
| Rosetta Resources Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Rosetta Resources Inc. | Board of Directors | Current |
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