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February 2014 Credit Suisse Energy Summit – Noble Energy, Inc.

Noble Energy, Inc. · Feb 11, 2014 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 1
    Credit Suisse Energy Summit David Stover, President and COO February 2014
  2. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 2
    Noble Energy Execution delivering a unique future Outstanding Growth Agenda Production expected to more than double by 2018 Cash flow to increase 1 B per year Returns to reach record levels Diversified Portfolio Provides…
  3. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 3
    Five-Year Growth Outlook 2013 to 2018 Superior long-term performance Debt-Adjusted Growth per Share* Visible Growth Profile from (CAGR) Discovered Resources Contributions from All 22% Operating Areas Superior Operational and…
  4. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 4
    Cash Flow Outlook Growing cash flows support investment program Grows 1 B per Year with 5-year CAGR of 19% Discretionary Cash Flow* Exceeds Cash Capital Beginning in 2016 2014 1 B Cumulative Excess through 2018 Eastern Med.…
  5. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 5
    2013 Accomplishments Continuing to build on success Sales Volume Up 20 Percent, Excluding Divestitures Record Reserves of 1.4 BBoe, Up 19 Percent Reserve replacement of 369% with all-in F&D cost of 12/Boe Delivered Three Major…
  6. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 6
    YE 2013 Reserve Roll Forward Nearly 20 percent increase driven by all core areas MMBoe By Core Area Other 1,600 2013 Reserve Replacement of 369% Eastern Med. DJ Basin 1,406 1,400 West Marcellus Africa DW GOM 1,184 1,200 By…
  7. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 7
    A Closer Look at 2014 Substantial growth in core areas Production Outlook 302 322 MBoe/d 18% Year Over Year Increase, Adjusting for Sales and Exchange 4.8 B Capital* Led by DJ Basin, Marcellus Shale and Israel New Other Preparing…
  8. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 8
    DJ Basin Creating and accelerating value again Contiguous High-value Acreage Position 609,000 net acres with 87% in oil window Supports acceleration and optimization from IDPs Net Risked Resources of 2.6 BBoe 9,500 normal length…
  9. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 9
    DJ Basin 2014 Operations Premier acreage position Accelerating Pace of Development 320 operated horizontal wells, which includes 55 ERLs Northern East Pony Colorado Production Up 28%, Adjusting for the Asset Exchange Performing…
  10. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 10
    DJ Basin Downspacing Maximizing value through testing of optimal spacing Confirmed Minimum 16 Wells East Pony IDP per Section in Oil Window 20-35 downspace wells A, B, and C benches 30 to 40 Percent of 2014 Wells Greeley Crescent…
  11. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 11
    Multiple IDP Areas Delivering Superior Results Strong performance of standard length and ERLs East Pony IDP Timbro 1st East Pony ERL 9,040 lateral Producing 600 Bo/d and 800 Mcf/d after 90 days East Pony IDP Wells Ranch IDP 3…
  12. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 12
    Integrated Development Plan Impact Decreasing footprint and increasing economics in all phases of the asset life-cycle Reduced Development Costs 0.4 to 0.8 MM per well (1.15 2.30 per Boe*) MM East Pony IDP No need for tanks on each…
  13. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 13
    Marcellus Shale Maximizing value from a premier resource play Net Risked Resources of 15 Tcfe, Doubled Over Two Years 350,000 net acres in southwest fairway 88% NRI enhances returns Five Year Production CAGR Over 45% Efficiencies…
  14. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 14
    Marcellus 2014 Activity Delivering value with upside opportunities Accelerating Development 100 operated wet gas and 70 dry gas wells Lateral lengths on operated wells to average over 7,000 ft. Allegheny Airport Production up Over…
  15. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 15
    Marcellus Operational Excellence Tremendous value added in short period of time Value Impact of Improvements Wet Gas Area Historical* Today Future BT NPV10 (Wet Gas) Laterals 5,000 7,000 7,000 - 10,000 MM 8 Well Cost 7.2 MM 8.0 MM…
  16. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 16
    Marcellus Performance Upside Potential to materially increase resources and type curves Mcf/Lateral Cum. Production (Normalized) Positive Results from Reduced Stage Ft. on RSCS Wells and Offsets 100 and Cluster Spacing (RSCS) Average…
  17. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 17
    Deepwater Gulf of Mexico Sustained value creation with visibility for significant growth Proven Track Record of Exploration Success Leading-edge technology with disciplined processes Production and Cash Flow to More than Double in…
  18. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 18
    Big Bend Development Substantial upside to initial base development NBL Operated with 54% WI Gross Resources of 30 - 65 MMBoe Single Well Subsea Tie-back Development 18 mile subsea tie-back First oil expected late 2015 6,050 - 7,200…
  19. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 19
    Dantzler Development Leveraging Big Bend infrastructure for exceptional returns NBL Operated with 45% WI Multi-zone Discover 55 - 95 MMBoe gross resources Over 85% oil Planned Tie-in to Big Bend Troubadour Development Allows…
  20. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 20
    West Africa Leveraging expertise and experience in Africa Unique Approach to Creating Value Liquids and gas monetization with LPG, LNG and Methanol Two Major Projects Brought Online in Last Two Years Leveraging Infrastructure for…
  21. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 21
    Alen, Another Major Project Success Unique design leverages Aseng FPSO Project Sanction to Startup in 30 Months First production in May 2013, 6 months early On budget for 1.3 B gross Designed to Maximize Value Offshore gas plant…
  22. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 22
    Greater Diega Area Leveraging existing infrastructure Diega, Carla and Carmen Operated with 45% WI 70 - 200 MMBoe gross resources 75% liquids Alen Diega Oil Development Positive results from 2013 appraisal Successful flow test…
  23. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 23
    Eastern Mediterranean World-class discoveries with world-class opportunities Approximately 40 Tcf Gross Resources Discovered Over 19 Tcf available for export markets Outstanding Operational Performance from Tamar Averaging 750…
  24. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 24
    Tamar Field Supplying a growing domestic market Outstanding Operational Performance Capacity and Sale Projection Near 100% facility uptime Bcf/d Current deliverability capacity of 1 Bcf/d Planned Further Expansion 1.6 +25% Averaged…
  25. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 25
    Leviathan Development Monetizing 19 Tcf of natural gas resources Phased Development Approach Leviathan FLNG Diversifies supply to Israel Leviathan FPSO New regional and LNG markets Fixed Platform Focus on Partnering with…
  26. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 26
    Leviathan Memorandum of Understanding Bring in a strategic partner with LNG expertise NBL Selling 9.66% Interest to Woodside Continue as upstream operator with 30% working interest Cash Payments Totaling 525 MM 390 MM at closing,…
  27. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 27
    Robust Exploration Prospect Inventory Testing 850 MMBoe net risked resources in the next 24 months Eastern Mediterranean Deepwater GOM Deep Mesozoic oil test in Israel Test 4 5 Miocene prospects Drill next Cyprus gas prospect NE…
  28. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 28
    Noble Energy Delivering a unique future 28
  29. February 2014 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 29

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