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February 2012 Credit Suisse Energy Summit – Noble Energy, Inc.

Noble Energy, Inc. · Feb 10, 2012 · 30 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 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 1
    Charles D. Davidson Chairman and CEO Credit Suisse Energy Summit February 2012
  2. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 2
    Noble Energy Positioned for a decade of growth Diversified and Focused Asset Portfolio Offers stability and superior returns Industry-leading Exploration Program Yields significant discovered resources Portfolio of High Return…
  3. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 3
    Five-year Outlook 2011 to 2016 Superior operational and financial performance Transparent Growth Profile Debt-adjusted Growth per Share Contributions from All (CAGR) Operating Areas 22% 18% Key Outcomes by 2016 15% Production…
  4. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 4
    Balanced and Diversified Portfolio Provides stability and strength Reserves Leverage to U.S. and International United States Exposure to Crude Oil and Natural Gas Access to premium markets International Quality Asset…
  5. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 5
    Industry-leading Exploration Program Yielded significant discovered resources Geoscience Excellence Focused on impact opportunities Resources Finding Found Costs Disciplined risk assessment (MMBoe) (/Boe) 1,200 4 Discovered…
  6. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 6
    Net Resources Over six times proved reserves Risked Resources (BBoe) New Deepwater 14.0 Ventures DJ Basin Marcellus GOM Other Eastern Med 7.4 West Africa 1.2 Proved Reserves* Risked Resources Unrisked Resources…
  7. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 7
    Major Development Project Line-up High value growth Bubble Size Represents Relative Full-cycle NPV Marcellus Horizontal Leviathan Niobrara Resources Tamar Aseng Gunflint WA Gas Diega Galapagos Alen Predominant…
  8. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 8
    Production Outlook Growth in all core areas Projected Annual Growth Rates (2011 2016) MBoe/d 600 126% 17% CAGR 500 32% 400 300 20% 200 15% 14% 100 0 2011 2012 2013 2014 2015 2016 DJ Basin Marcellus DW GOM W…
  9. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 9
    Robust Financial Platform Well-positioned to fund long-term growth plans Well-managed Maturity Profile MM 4.5 Billion of Liquidity 1,600 1.5 B cash on hand 1,200 3.0 B unused revolver 800 Debt to Book Cap Ratio, Net of Cash,…
  10. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 10
    Commodity Hedging Hedges in place to support 2011 cash flow Only 20% of Volumes Tied to Unhedged U.S. Natural Gas 2012 Volumes 2012 Hedge Position U.S. Gas Liquids Hedged 40% Unhedged 38% U.S. Gas Unhedged Liquids Hedged…
  11. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 11
    DJ Basin WY Delivering U.S. onshore growth NE Cheyenne Premier Liquids-rich Acreage CO Position Denver Over 840,000 net acres Net risked resources of 1.3 BBoe Significant Growth Potential S.E. Wyoming Strong base of…
  12. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 12
    Wattenberg Horizontal Niobrara Entire area de-risked for development Superior Acreage Position Extension Area 480 Boe/d Avg. 30-day IP Over 400,000 Net Acres 75% liquids NBL operated with 90% WI All Areas Delivering Positive,…
  13. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 13
    Wattenberg Horizontal Niobrara Well Economics Strong returns continuing to improve Recent Results Exceeding Previous Type Curves Technical and Operational Learnings Enhancing Economics High Liquid Content Benefits Each Area After…
  14. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 14
    Central DJ Basin Niobrara Significant acreage position outside Wattenberg Over 440,000 Net Acres Seismic Low entry cost Outlines Largely operated by NBL Capitalizing on Industry Knowledge to Expand Success Continue to Appraise…
  15. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 15
    Marcellus JV Position Significant scale and growth impact Large Acreage Position within Marcellus Fairway PA 50% of 628,000 net acres About 20% located in wet gas window OH Nearly 100% WI with NRI of 88% 87% of Acreage Held…
  16. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 16
    Marcellus JV Near-term Plans Initially concentrated in SW PA Steady Ramp-up in Drilling Activity Washington Total of 99 wells in 2012 with County, PA 39 targeting liquids NBL to operate 2 3 rigs in wet area Evaluate other areas…
  17. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 17
    Marcellus Well Results Comparison CNX wells improving, now exceeding industry average Over 500-day period, CNX Wells in SW PA Yield 21% More Production Gross Wellhead Gas Production Mcf/d 4,000 3,000 2,000 1,000…
  18. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 18
    Deepwater Gulf of Mexico Ongoing developments with significant upside NBL Interests Louisiana Near-term Production Adds in Producing Redrock 67% WI Swordfish 2012 85% WI Discovery Raton South Raton and Galapagos Exploration…
  19. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 19
    Galapagos Subsea Development Substantial near-term impact Louisiana Resources Estimate 132 MMBoe Gross, 36 MMBoe Net NBL 29% average WI Upside recoveries add 65 MMBoe gross Mississippi Canyon Project Development Plan NaKika 3…
  20. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 20
    Gunflint Appraisal Determining the ultimate resource size Louisiana NBL Operated Development with 26% WI Significant Oil Discovery Multiple high-quality reservoirs Mississippi Canyon More than 550 feet net pay Resources of 70…
  21. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 21
    West Africa Generating multiple growth opportunities West Africa Strong Production at Alba Field Net volumes 240 MMcf/d, 20 MBbls/d Gas sales to LNG and methanol plants First Oil from Aseng in November 2011 Cameroon Alba…
  22. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 22
    Aseng Field Breakthrough execution increases project value Development Cycle Times Discovery to production < 5 years Sanction to production < 3 years First Oil Seven Months Ahead of Schedule AT NPV10 enhanced 80 MM, net Capital…
  23. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 23
    Alen Development Liquid gas-cycling project NBL Operated with 45% WI 34 MMbbl net oil, condensate Implementing Proven Aseng Project Philosophy Major Contracts Awarded, Drilling in Progress On Schedule for First Production in…
  24. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 24
    Eastern Mediterranean Existing asset position Mari-B Continues to Deliver Reliable Supplies Noa Development Moving Ahead Eastern Mediterranean 2 well tie-back to Mari-B Leviathan Adds 100 MMcf/d of deliverability 40% WI Tamar…
  25. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 25
    Tamar Development Moving ahead on an accelerated timeline Resource Estimated at 9 Tcf, Gross, 2.8 Tcf Net NBL operated with 36% WI Initial Phase with 1 Bcf/d of Deliverability Work Progressing on Schedule Platform, jacket…
  26. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 26
    Leviathan Discovery Worlds largest offshore gas discovery in 2010 Resource Estimated at 17 Tcf Gross, 6 Tcf Net NBL operated with 40% WI 1 Drilled and Evaluated Successful Appraisal Well 2 Better reservoir characteristic and 3…
  27. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 27
    Eastern Mediterranean Exploration Unlocking the emerging Levant Basin NBL Operates 2.5 MM Gross Acres Significant Resources Discovered Tanin 5 discoveries with over 33 Tcf gross Tanin 47% WI Leviathan 47% WI resources…
  28. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 28
    Eastern Mediterranean LNG Natural gas export options look encouraging Compelling Case for Natural Gas Exports Government revenues TURKEY Existing discovered resources exceeds projected domestic needs Additional exploration…
  29. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 29
    Noble Energy Capitalizing on success driving multi-year value creation High-quality and Diversified Portfolio Sustainable Industry-leading Exploration Organizational Capability to Execute Robust Financial Framework Highly…
  30. February 2012 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 30

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