Energizing the World, Bettering Peoples Lives Barclays CEO Energy Conference September 2015
NBL Key Messages Designed to succeed in any environment Well Positioned to Manage Through Volatility for Any Duration Focused on Strengthening Company in Down Cycle Israel Framework Approved; Substantial Regional Gas Demand…
Substantial Momentum at Noble Energy Material opportunities and upside potential Decreasing Capital and Costs While 2015 Pro Forma Capital & Production Delivering Higher Volumes MM MBoe/d Expanded DJ Basin Infrastructure 1,200 400…
3Q15 Anticipated Sales Volumes Increased Primarily driven by performance and infrastructure in DJ Basin 10 MBoe/d Increase Vs Prior Guide MBoe/d 3Q15 Sales Volumes DJ Basin Averaging 115 MBoe/d Now 360 370 MBoe/d Through July and…
Repositioning Our Cost Structure Delivering cost reduction ahead of plan Lease Operating Expense Substantial Cost Reductions /BOE Positively Impacting Margins 6.00 LOE/BOE reduced to pre-2010 levels 2015E NBL legacy G&A down 50MM…
2016 Outlook Maintaining financial strength to deliver the future Manage Capital Investment Within Organic Cash Flow Ability to maintain volumes with 50% capital reduction from 2015 pro forma capital Continue to Reduce…
DJ Basin Infrastructure Significant expansion of infrastructure in 2H15 3Q To-date Averaging 115 MBoe/d Lucerne II Startup Progress Plant capacity test to 200 MMcf/d successful Lucerne-2 Line pressures have dropped 50 - 100 psi…
East Pony Enhanced Performance Increased production while realizing significant cost reductions High-Value Growth on NBL Owned Midstream System Recent Slickwater EUR Outperformance 2.5X increase over last 12 months Hybrid Gel (12…
Substantial Capital Efficiency Improvements in the DJ Basin Significant progress on decreasing well costs Material Reduction in Well Costs Driven Wells Ranch Well Cost* MM By Efficiency Gains and Supplier 5 Reductions 50% of well…
Texas Asset Performance Ahead of Plan Eagle Ford drilling performance exceeding expectations Accelerated Drilling Performance Spud to Rig Release Reduced 35% Days Footage Compared to 2014 Average 20 1,600 Spud to rig release under…
Substantial GOM Growth Delivering strong oil production exiting 2015 2016 Average Production Estimated to Double 2015 Volume Adding 20,000 Boe/d, net with over 80% oil, from Rio Grande project Three Major Projects Near-Term Big…
Eastern Mediterranean Update Noble positioned to deliver value Well Positioned to Compete for Significantly Underserved Regional Market Quality and technical maturity of Leviathan and Tamar Proven track record of project execution…
Israel Regulatory Framework Final agreement addresses all Parties interests Key Milestones For Israel and NBL Support A Timely Development Government to supply project approvals and export permits in a timely manner Pending necessary…
Significant Exploration Prospects Testing material opportunities in frontier areas Testing Over 500 MMBo of Gross Mean Unrisked Resource in the Falkland Islands Sea Lion Discovery Rhea Humpback-1 in South Basin Rhea-1 in North…
Noble Energy Summary Designed to succeed in any environment Maintain a High-quality, Diversified Asset Portfolio That Provides Competitive Investment Choices Low cost resource inventory with exposure to oil and gas Continuously…