Energizing the World, Bettering Peoples Lives NOBLE ENERGY ENTERS EAGLE FORD AND PERMIAN
Criteria For Capturing A New U.S. Onshore Play Potential Liquids-Rich Core Area Substantial Running Room for Growth Strong Returns that Compete within the Portfolio Attractive on Valuation Metrics Adds Balance and Diversity…
Transaction Details All-Stock Transaction for 0.542 Shares of NBL Implied value of 26.62 per ROSE share, a 28% premium to the avg. price over last 30 trading days ROSE shareholders will own 9.6% of NBL Attractive Valuation Metrics…
Strategic Rationale Material U.S. Onshore Establishes footprint in Eagle Ford and Permian, complementing the DJ Basin and Marcellus Position Premier U.S. resource plays with attractive economics Significant Benefit to Transaction…
Nobles New Core Areas Permian 46,000 net acres Delaware Basin 10,000 net acres Midland Basin Average WI 72% 1,200 gross future locations 7 MBoe/d 1Q15 production Eagle Ford 50,000 net acres, primarily in Dimmit & Webb…
Pro Forma Asset Portfolio First Quarter 2015 Production Mix Noble Energy Rosetta Resources Noble Pro Forma 318 MBoe/d 66 MBoe/d 384 MBoe/d 43% Liquids 62% Liquids 46% Liquids 2014 Year End Proved Reserves 1,404 MMBoe 282…
Strong Balance Sheet and Financial Capacity Committed to Investment Grade Rating Transaction is neutral on key credit metrics Current NBL Liquidity 5.7B No near-term debt maturities Cash Neutrality Targets Unchanged Pro Forma…
Diversified Portfolio Provides Exceptional Optionality Four Premier U.S. Unconventional Plays with Running Room Three Offshore Core Areas Generating Substantial Cash Flow Best-in-class Major Project Execution High-impact,…