Energizing the World, Bettering Peoples Lives 2015 Wells Fargo Energy Symposium December 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 Largely held by…
Aligning Capital and Cost with Environment Enhancing competitiveness 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 IDPs…
Robust and Conservative 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…
Enhanced DJ Basin Performance Expansion of infrastructure and NBL execution delivering value 3Q15 Volumes Avg. 116 MBoe/d Positive Impact From Lucerne II Lucerne-2 200 MMcf/d Online Rocky CS 100 MMcf/d Line pressures reduced 100…
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…
DJ Basin Slickwater Completion Results Continuing to enhance overall value Slickwater Outperforming Hybrid in Optimizing Completions with Cum MBoe Wells Ranch Test Continued Slickwater Success 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 Delineated Core Position with Substantial Inventory Large, contiguous acreage position Stacked pay potential NBLs Initial Completions Anticipated in Early 2016…
Gulf of Mexico Sustained value creation with visibility for significant growth Proven Track Record of Success Leading-edge technology with disciplined processes Louisiana Swordfish Exploration Successes Driving NBL Interests 85%…
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 Leveraging existing…
Eastern Mediterranean Assets Noble positioned to deliver material value Outstanding Operational Performance at Tamar Near 100% facility uptime with 1.2 Bcf/d capacity August 2015 record sales over 1 Bcf/d, gross Well Positioned to…
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…