Rosetta Resources Inc. (ROSE) announced that its Board has approved a 2010 capital budget of $280 million.
The company said the budget can be funded from internally generated cash flow plus available cash at average commodity prices of approximately $6.00 per Mcf and $70.00 per barrel.
Of the proposed budget, approximately 80%, or $225 million, is earmarked for drilling and completion capital in several of Rosetta's asset areas, including the Sacramento Basin, the DJ Basin, the South Texas Lobo and Eagle Ford trends, and the Alberta Basin Bakken play in Montana. Approximately 20% is allocated for non-drilling capital, such as leasehold and seismic, or other identified organic opportunities.
Based on the approved capital level and current allocation, the company believes it can deliver double-digit production growth and reserve growth that is significantly higher than historical performance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.