Rosetta Resources (ROSE) reported on its development activity in the Southern Alberta Basin during the first quarter of 2011, where the company is working the Bakken and other oil bearing formations.
Rosetta Resources is almost complete with an eleven well vertical drilling program to test the Bakken on its acreage in Montana. The eleventh well will be spud during the second quarter of 2011 and then the company will begin a three well horizontal drilling program.
Rosetta Resources has approximately 300,000 net acres under lease distributed across the play as follows:
Blackfeet Indian Nation - 200,000 net acres
WAVE Energy – 30,000 net acres
Allottee (Blackfeet Families) – 52,000 net acres
Fee Acreage – 18,000 net acres