Rosetta Resources Acquisition is the Start to the US Shale M&A Boom -- BrokerBank Securities, Inc.

NEW YORK, May 13, 2015 /PRNewswire/ -- Rosetta Resources Inc. ROSE an independent exploration and production company engaged in the acquisition and development of onshore energy resources in the United States, announced today that Noble Energy NBL has agreed to acquire Rosetta for $2.1 billion in stock plus the assumption of Rosetta's net debt of $1.8 billion. Rosetta's liquids-rich asset base includes approximately 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian (46,000 acres in the Delaware Basin and 10,000 acres in the Midland Basin).  Noble Energy has identified in excess of 1,800 gross horizontal drilling locations for development, providing net unrisked resource potential of approximately one billion barrels of oil equivalent.

Under the definitive agreement, Rosetta shareholders will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held. Based on the Noble Energy closing price on May 8, 2015, the transaction has an implied value to Rosetta shareholders of $26.62 per share, representing a 28 percent premium to the average price of Rosetta stock over the last 30 trading days.  Following the transaction, shareholders of Rosetta are expected to own 9.6 percent of the outstanding shares of Noble Energy.

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BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.

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SOURCE BrokerBank Securities, Inc.