Energizing the World, Bettering Peoples Lives BAML 2015 Global Energy Conference November 2015
NBL Key Messages 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 Focused on…
3Q15 Highlights Discipline and focus delivering tremendous results Capital Reduced to 664 Million, Below Guidance Range Full year capital reduced to slightly below 3 Bn, a decrease of 100 MM Unit Costs at Lowest Level in Last 5…
Aligning Capital Investments With Cash Flow Repositioning our cost structure for the future Activity Levels Reduced and Focused MM Capital and Cash Flow 1,400 on Highest Return Areas 1,050 DJ Basin activity in Wells Ranch and East Pony…
Financial Position Focused on maintaining strength 5 Bn in Total Liquidity* at End of Favorable Leverage 3Q15 34% 37% 33% 39% 36% 29% 3Q15 Net Debt-to-Capital: 36% No near-term debt maturities Investment Grade Rating YE13…
DJ Basin Performance Expansion of infrastructure and NBL execution delivering value 3Q15 Volumes Avg. 116 MBoe/d Lucerne-2 200 MMcf/d Positive Impact From Lucerne II Online Rocky CS 100 MMcf/d Line pressures reduced up to 100 psi…
DJ Basin Slickwater Completion Results Continuing to enhance overall value Optimizing Completions with Slickwater Outperforming Hybrid in Continued Slickwater Success Cum MBoe Wells Ranch Test 15,000 15 Recent Wells Ranch test…
A Premier Acreage Position in the Eagle Ford Top-tier, low-risk asset in highly productive areas EUR(Boe)/Lat. ft. Eagle Ford 50,000 net acres 100% WI Multi-zone 54 MBoe/d YTD Tom Hanks 15 Avg. 22% oil / 38% Central Dimmit…
Texas Asset Performance Ahead of Plan Dimmit Exceeding expectations on execution and results Spud to Rig Release Times Materially Reduced Webb Eagle Ford - Lower EF wells averaging 8 days (normalized to 5,000 foot lateral), down…
The Emerging Delaware Basin Huge upside potential and running room NBLs Initial Completions Anticipated in Early 2016 Increased Wolfcamp A Type Curve 30% to 700 MBoe Stacked pay potential Delineated Core Position with…
Gulf of Mexico Sustained value creation with visibility for significant growth Proven Track Record of Success Leading-edge technology with disciplined processes Louisiana NBL Interests Swordfish Exploration Successes Driving…
Rio Grande Project Execution Another major project development success Short Cycle Times and Delivered Within Sanction Budget Integrated approach including exploration, appraisal, and development teams Utilizing existing third-party…
Eastern Mediterranean Update Noble positioned to deliver material value Outstanding Operational Performance at Tamar Near 100% facility uptime August 2015 record sales over 1 Bcf/d, gross Well Positioned to Compete for…
Falkland Islands Rhea Prospect Exploration well in a proven petroleum system Gross Mean Unrisked Resources in West Orca Ridge Basin East Orca Ridge Basin Excess of 250 MMBo WI 75%, NRI 65% Rhea-1 Rhea-1 Well Summary Water depth:…
Well Positioned Entering 2016 Focused on prospering long-term Diverse and High Quality Asset Portfolio Provides Optionality and Flexibility Deep resource inventory and limited capital requirements (majority of acreage held by…