Skip to main content Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Howard Weil 41st Annual Energy Conference – Noble Energy, Inc.

Noble Energy, Inc. · Mar 10, 2013 · 37 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. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 1
    Charles Davidson Chairman, CEO Howard Weil 41st Annual Energy Conference Noble Energy March 2013
  2. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 2
    Noble Energy NOW Positioned for a decade of growth Five Core Areas Delivering Outstanding Results Production expected to more than double by 2017 Proven reserves projected to increase 114% over 5 years Major Projects Generating…
  3. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 3
    Five-Year Growth Outlook 2012 to 2017 A superior long-term performance Transparent Growth Profile Debt-Adjusted Growth per Share* (CAGR) Contributions from All Operating Areas 24% Key Outcomes by 2017 21% 18% Production 540…
  4. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 4
    Net Risked Resources Strong foundation for current and future growth Exploration 3.7 BBoe Total Resources (BBoe) Eastern 18.8 DW Med. West GOM Africa U.S. Onshore New Ventures 9.9 Discovered Unbooked 5.1 BBoe DJ Basin…
  5. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 5
    Onshore Unconventional Developments Contributing impactful growth Accelerating Horizontal MBoe/d DJ Basin 200 Activity Levels 20% CAGR Repeatable, low-risk investments Capturing economies of scale 100 Improving EURs and…
  6. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 6
    Major Deepwater Project Line-up 5 new sanctions in 2013 Deepwater *Gunflint tieback standalone GOM *Big Bend Tamar First Production April 2013 Eastern *Tamar Phase 2 Med *Leviathan Phase 1 Leviathan export West Alen First…
  7. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 7
    2013 Volumes and Capital Outlook Substantial growth in core areas Capital Allocation By Area Production Outlook 270 282 MBoe/d Other New Ventures Expect to exit 2013 around 300 MBoe/d Eastern Med 20% Year Over Year Increase,…
  8. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 8
    DJ Basin A premier oil play Compares Favorably to Other Plays Oil in place now estimated at 74 MMBoe per section Net Resources Dramatically Increased to 2.1 BBoe 9,500 horizontal locations, 85% in oil window Hz EURs continue to…
  9. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 9
    Niobrara is a Top Oil Resource Play Superior resources and low development costs Oil Play Characteristics Well Characteristics OOIP Avg. Avg. D&C Lateral Net* Depth Thickness (MMBoe / EUR Liquids Capital Length F&D (Feet) (Feet)…
  10. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 10
    Accelerating DJ Basin Development Program Double activity in two years Horizontal Wells Wells Cum Dramatic Improvements in Wells Economic Value Over 2011 Plan 600 3,000 Production up 35% 450 2,000 Free cash flow up 900 MM 300…
  11. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 11
    Northern Colorado Niobrara Leveraging expertise to unlock new opportunity Superior Economics in Wyoming Nebraska East Pony East Pony 45,000 net acres Producing 80% oil, 5% ngl Keota Plant Avg. 24-hour rate 780 Boe/d Lilli…
  12. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 12
    Wattenberg Extended-Reach Laterals Increased recoveries generating outstanding returns Three Wells Online and Performing Above Expected Type Curve Avg. lateral lengths 9,100 ft. Avg. 15 days to drill Boe/d Potential to lower F&D…
  13. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 13
    Optimizing DJ Basin Resource Recovery Potential for over 30 wells per section Testing Three 40-Acre Development Wells Ranch Section 24 Concepts/Patterns North Pad Niobrara A, Niobrara B, Codell 5 Wells North Pad multiple target…
  14. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 14
    Marcellus Shale Significant scale and growth Large Acreage Position within Marcellus Fairway 50% of 628,000 gross JV acres 87% HBP allowing for development flexibility Average NRI of 88% Net Risked Resources Increased 41% to 10…
  15. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 15
    Marcellus 2013 Operations Focusing near-term in wet gas areas Increase Wet Gas Rig Count from Three to Six and PA Target 90 Wells OH 3 rigs developing Majorsville NBL Operated 3 rigs delineating new 176,000 Gross Acres areas in…
  16. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 16
    Deepwater Gulf of Mexico Proven performance and impactful exploration portfolio Strategic Approach has Delivered Strong Cash Flow and Substantial Value Galapagos Project Continues to Perform Above Expectations 14.5 MBoe/d net…
  17. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 17
    Gunflint Appraisal and Development Commercial project established with first appraisal Estimated Gross Resource Tubular Bells Kodiak Range 90 325 MMBoe Devils Tower Includes significant untested Existing Facilities Lower…
  18. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 18
    Rio Grande Area Big Bend and Troubadour Significant oil potential and near-term impact Rio Grande Area Gross Resources NBL Operated P75 P25 (MMBoe) Big Bend (WI 54%) 30 65 Troubador (WI 87.5%) 20 60 Total (WI 70%) 46 112…
  19. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 19
    Eastern Mediterranean Growing domestic demand driving near-term value Tamar to have Significant Impact for All Stakeholders On schedule for April 2013 start-up Natural Gas the Fuel of Choice for Israel Total demand grows at 15%…
  20. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 20
    Tamar Project Commissioning a 1 Bcf per day facility 21
  21. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 21
    Leviathan Development Field scale involves multiple development phases Resource Estimated at 18 Tcf Gross, 6 Tcf Net Flow back test confirms high 5 Planning quality reservoir Phased Development 3 Drilled and Evaluated…
  22. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 22
    Leviathan Sell Down Proposal Bringing in a strategic partner with LNG expertise NBL Selling 9.66% Interest Continue as upstream operator with 30% working interest Cash Payments Totaling 464 Million, Revenue Sharing Up to 322…
  23. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 23
    West Africa High-impact core area Leading Operator in the Doula Basin Liquid Projects Producing 45 MBbl/d and Generating 1.2 Billion BT Annual Cash Flow* by 2014 Aseng and Alen Fields Provide Regional Infrastructure for Future…
  24. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 24
    Alen Project Liquids project accelerated to 3Q13 25
  25. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 25
    Carla Development Next liquids development Estimated Net Resources 11 47 MMBoe (P75 P25) 75% liquids Carla North NBL operated Two Productive Zones O-7 Flow test from O-7 Sidetrack confirms O-7 St 1 oil/condensate in both…
  26. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 26
    Global New Ventures Substantial worldwide resources exposure N.E. Nevada 350 M Gross Acres 1.3 BBoe Gross Resources NBL Operated 100% WI Sierra Leone 1.4 MM Gross Acres Eastern Med 1.3 MM Net Acres Deep Oil Potential NBL…
  27. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 27
    Elko County, N.E. Nevada Next growth possibility in U.S. Tight Oil Play with Core Area Scale Wilson Project 350,000 net acres 190 1,400 MMBoe (P75 P25) Great Basin gross unrisked resources 55% geologic chance of success Two 3D…
  28. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 28
    Nicaragua Carbonate and clastic plays 1.8 Million Acres in Two Lease Blocks NBL operates with 100% working interest Seeking partners Multiple Oil Prospects and Leads Identified on 3D Seismic Isabel 3,050 square miles 100% WI…
  29. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 29
    Paraiso Prospect 3D Seismic Seismic gas cloud positive indicator of hydrocarbons Gas Chimney Paraiso 30
  30. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 30
    Noble Energy Positioned for a decade of growth Diversified and Focused Asset Portfolio Offers stability and superior returns Sustainable Industry-leading Exploration Program Yields significant discovered resources Competitive…
  31. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 31
    Appendix
  32. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 32
    Defined Terms and Price Assumptions Term Definition Debt Adjusted per Share Normalizes growth funded through debt by converting the change in debt into an equivalent Calculations amount of equity shares using an average stock price.…
  33. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 33
    2013 Guidance Positioned to accelerate growth Full Year 2013 1Q13 Sales (MBoe/d) 270 282 238 242 Capital (B) 3.9 Equity Investment Income 150 180 Lease Operating (/Boe) 5.20 5.80 6.20 6.60 Transportation, Gathering (/Boe)…
  34. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 34
    Production Outlook Strong diversified growth from discovered projects MBoe/d 600 540 MBoe/d 500 17% CAGR 116 MBoe/d 400 300 300 MBoe/d 200 100 0 2012 2013 2014 2015 2016 2017 Base Onshore Horizontal Offshore…
  35. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 35
    Discretionary Cash Flow* Outlook Growing a billion dollars per year 2012 Eastern Other Med. B DJ Basin 8 West Africa 21% CAGR Marcellus 6 DW GOM 2017 4 Eastern Other Med. 2 DJ West Basin Africa 0 DW 2012 2013…
  36. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 36
    Organic Cash Capital* Outlook Delivering growth through disciplined investing 2012 2017 By Area B Other Eastern 8 Med. DJ Basin West Africa 6 Marcellus DW GOM 4 By Type Other Exploration 2 Offshore Major Onshore…
  37. Howard Weil 41st Annual Energy Conference – Noble Energy, Inc. – slide 37
    38

From the store

Browse maps, data & reports in the Shale Experts store