Wednesday, December 17, 2008

Eagleford Shale: Rosetta Resources ROSE Update

Rosetta Resources ( ROSE ) a small natural gas company has come out and given their update on the Eagleford Shale.

In South Texas, the Company acquired a 70 percent working interest in certain properties in the Catarina field, and a 35 percent interest in a significant acreage position in the area that is prospective for the Eagle Ford shale. The Rocky Mountain transaction closed on December 11, 2008 and the South Texas transaction is expected to close before year-end.

Rosetta also recently added acreage to its growing position in the Eagle Ford shale. Including the acreage from the Constellation properties and newly acquired leasehold, the Company now holds over 25,000 net acres in this play.

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