Rosetta Resources Inc. (NasdaqGS: ROSE) detailed its 2014 capex budget and year-end 2013 financial results on Feb. 24.

This year’s capex budget, excluding acquisition capital, is $1.1 billion, the company said. This budget is based on a four-to-five rig program in the Eagle Ford, where 90-95 wells will be drilled and completed, the company added. The budget also includes a six-rig greater Permian program, where 50-55 gross wells will be completed in the Delaware Basin area, the company said. About half of these will be horizontal wells, the company added.

The 2014 capex goes forward on improvements to drilling and completions made in 2013, the company said, noting that current Eagle Ford well costs range from$6 million-$6.5 million per well—a $0.5 million decrease per well. Costs for current Permian vertical wells average $3.6 million per well—and could cost $3.2 million per well, the company added.

Additionally, Rosetta detailed the current year’s production guidance, noting that it remains unchanged, in the 60-65 million barrels of oil equivalent per day (MBOE/d) range. The average oil ratio should be 30%, with total liquids at 63%, the company estimated.

Regarding year-end 2013, Rosetta’s net income was $199.4 million, at $3.39 per diluted share, the company said. This amount was above year-end 2012’s net income of $159.3 million, at $3.01 per diluted share, the company added.

Year-end revenues were $814 million, up from year-end 2012’s $613.5 million. Out of the $814 million, 82% came from oil, condensate and natural gas liquids (NGL) sales, the company said, noting that year-end 2012’s percentage from the same materials had been 81%.

The borrowing base for year-end 2013, under revolving credit, totaled $800 million, the company said.

Houston-based Rosetta Resources, an oil and natural gas E&P company, acquires and develops unconventionals, onshore, in the U.S.