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Rosetta Celebrates Knockout First Year In The Permian

Company uses its past successes to build a position in the historic basin.

The offer is scheduled to close May 20, the company said.

Net proceeds will repay outstanding revolving credit facility borrowings, and will also support general corporate purposes, the company said.

This years capex budget, excluding acquisition capital, is $1.1 billion, the company said.

The Rosetta probe has been in space for almost 10 years, and it's just about to get down to business. First, it has to wake up from an 18 month nap.

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