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May 2016 Investor Handout – Noble Energy, Inc.

Noble Energy, Inc. · May 24, 2016 · 32 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. May 2016 Investor Handout – Noble Energy, Inc. – slide 1
    Investor Handout Energizing the World, May 2016 Bettering Peoples Lives
  2. May 2016 Investor Handout – Noble Energy, Inc. – slide 2
    Noble Energys Strategy and Purpose Energizing the World, Bettering Peoples Lives Premier Basins U.S. Unconventional and Global Offshore Diversified Portfolio of High Quality, Deep Inventory of Proved Reserves and Resources Low-Cost…
  3. May 2016 Investor Handout – Noble Energy, Inc. – slide 3
    Premier Global Operations Exceptional investment optionality High-Quality, Diversified Asset Base Balanced Mix of Geography and Commodity Exposure All Core Areas with Visible Long- Marcellus Shale Term Growth Potential DJ Basin…
  4. May 2016 Investor Handout – Noble Energy, Inc. – slide 4
    Strategic Focus Through Commodity Downturn Maintain capabilities and drive long-term value enhancement Protect the Balance Sheet Disciplined and flexible investment plan Leverage Benefits of a Well-Positioned and Diversified…
  5. May 2016 Investor Handout – Noble Energy, Inc. – slide 5
    Aligning Costs with Environment Enhancing competitiveness for the future DJ Basin Well Cost* 40% Reduction in DJ Basin Well MM Cost Since 2014 6 5 Greater Than 50% of U.S. Onshore 4 Well Cost Reductions From Sustainable…
  6. May 2016 Investor Handout – Noble Energy, Inc. – slide 6
    Robust Financial Position Strengthening investment grade balance sheet Maintained 5 B of Liquidity1 Sales Transactions Totaling Over 775 MM Year to Date 238 MM proceeds received in 1Q16 No Near-Term Debt Maturities…
  7. May 2016 Investor Handout – Noble Energy, Inc. – slide 7
    Enhanced Full-Year 2016 Expectations Capital expected below original 1.5 B guidance 2016 Sales Volumes Guidance MBoe/d Sales Volumes 405 390 Raised to 405 MBoe/d 400 14% absolute increase over 2015, or 4% higher pro-forma 300…
  8. May 2016 Investor Handout – Noble Energy, Inc. – slide 8
    2016 Capital Program Disciplined and prudent investment approach Represents a 50% Reduction to 2015 Program While Maintaining Agility Less Than 1.5 Billion Capex and Flexibility 405 MBoe/d Volumes U.S. Onshore: Focus On Best Return…
  9. May 2016 Investor Handout – Noble Energy, Inc. – slide 9
    1Q16 Key Messages and Highlights Results provide further confidence in strategy, assets, execution and outlook Quarterly Capital Expenditures of 374 MM, Below Low End of Guidance Continued Trend of Lowering Controllable Operating…
  10. May 2016 Investor Handout – Noble Energy, Inc. – slide 10
    Onshore U.S. Unconventional Operations Integrate learnings between basins to unlock resource value Delaware Basin and DJ Basin Marcellus Shale Eagle Ford Shale Over 360,000 Net Acres 350,000 Net Acres Over 100,000 Net Acres 1Q16…
  11. May 2016 Investor Handout – Noble Energy, Inc. – slide 11
    DJ Basin Focus on Wells Ranch and East Pony Highest value areas and leveraging existing infrastructure Over 360,000 DJ Basin Net Acres More than 110,000 net acres in Wells Ranch and East Pony 1Q16 Production of 118 MBoe/d Operating…
  12. May 2016 Investor Handout – Noble Energy, Inc. – slide 12
    Optimizing DJ Basin Well Results Capital efficiency, productivity, and value continues to improve Reduced Wells Ranch Normalized ERL Well Productivity: IP-30 /1000 ft. Well Costs to 2.7 MM Rate Down 35% year-over-year despite higher…
  13. May 2016 Investor Handout – Noble Energy, Inc. – slide 13
    DJ Basin Assets and Sale Area Accelerating value through partial Greeley Crescent divestiture Generating 505 MM Cash Proceeds WELD COUNTY Closing expected as early as June 2016 East 33,100 Net Acres Sold, Primarily Pony…
  14. May 2016 Investor Handout – Noble Energy, Inc. – slide 14
    A Premier Acreage Position in the Eagle Ford Top-tier, low-risk asset in highly productive areas EUR(Boe)/Lat. ft. Eagle Ford 45,000 net acres 100% WI Multi-zone 20% oil / 40% Tom Hanks NGL / 40% gas 51 MBoe/d 1Q16 Central…
  15. May 2016 Investor Handout – Noble Energy, Inc. – slide 15
    Impressive Eagle Ford Results New completion designs deliver substantial enhancement NBL Drilling and Completing Some of the Most Productive Wells in the Eagle Ford Tom Hanks Combination of tier-1 acreage with NBL enhanced…
  16. May 2016 Investor Handout – Noble Energy, Inc. – slide 16
    Initial Delaware Basin Performance Results confirming quality across extent of existing acreage Productivity Per Lateral Foot Up 13% Compared to Prior Asset Average First Two Completions Verify Tier 1 Wolfcamp A Position Calamity…
  17. May 2016 Investor Handout – Noble Energy, Inc. – slide 17
    Marcellus Shale Low-cost U.S. natural gas basin provides optionality Substantial Acreage Position in SW Marcellus 350,000 net acres in southwest fairway Leases largely held by production Well Performance EURs and IPs Continue to…
  18. May 2016 Investor Handout – Noble Energy, Inc. – slide 18
    CONE Midstream Partners LP Overview Significant embedded midstream value Marcellus Gathering MLP Jointly owned by NBL and CNX Material acreage dedication from sponsors Substantial pipeline and compression facilities NBL Retains a…
  19. May 2016 Investor Handout – Noble Energy, Inc. – slide 19
    Global Offshore Operations Delivering value through exploration and major project expertise Equatorial Eastern Mediterranean Gulf of Mexico Guinea/Cameroon 1Q16 Average Net 1Q16 Average Net 1Q16 Average Net Sales of 65 Production…
  20. May 2016 Investor Handout – Noble Energy, Inc. – slide 20
    Eastern Mediterranean Strategic assets positioned to meet regional market demand 1Q16 Israel Natural Gas Sales Volumes of 266 MMcf/d, Net 10% growth over 1Q15 4 Bcf/d Unmet Regional Demand NBL discoveries of 40 Tcf gross Cyprus…
  21. May 2016 Investor Handout – Noble Energy, Inc. – slide 21
    10 Tcf Tamar Field Supplying growing domestic and regional demand World-Class Reservoir and Outstanding MMcf/d Tamar Net Sales Volumes Operational Performance 350 Near 100% facility uptime Current deliverability of over 1.1 Bcf/d,…
  22. May 2016 Investor Handout – Noble Energy, Inc. – slide 22
    22 Tcf Leviathan Field Huge potential for Israel and NBL Strategic Second Source of Natural Gas for Domestic Consumption Natural gas exports to neighboring countries Four Appraisal Wells and One Production Test Resource size…
  23. May 2016 Investor Handout – Noble Energy, Inc. – slide 23
    Cyprus Block 12 Aphrodite Discovery Provides long-term optionality to serve regional demand Gross Mean Natural Gas Resources of 4 Trillion Cubic Feet Announced Partnership with BG/Shell in November 2015 Noble maintains operatorship…
  24. May 2016 Investor Handout – Noble Energy, Inc. – slide 24
    Eastern Mediterranean Gas Opportunities Current and expected demand far exceeds supply Eastern Mediterranean Regional Gas Deficit Bcf/d 9 6 3 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Egypt LNG Plant Deficit…
  25. May 2016 Investor Handout – Noble Energy, Inc. – slide 25
    Gulf of Mexico Program Sustained value creation with significant growth Leveraging New Project Startups Louisiana Swordfish 85% WI 2016 sales volumes nearly double 2015 Galapagos 26% Avg WI 50% reduction in capital versus 2015…
  26. May 2016 Investor Handout – Noble Energy, Inc. – slide 26
    Rio Grande Development (Big Bend and Dantzler) Positive 2016 capital efficiency impact to NBL Big Bend (Online 3 Years From Discovery) Rio Grande development NBL Interests Potential for additional producer wells Infrastructure…
  27. May 2016 Investor Handout – Noble Energy, Inc. – slide 27
    Deepwater GOM Major Projects Proven track record of exploration and development success Leading-edge Technology with Disciplined Processes Short Discovery to Production Cycle Times; Delivered Within Budget Integrated approach…
  28. May 2016 Investor Handout – Noble Energy, Inc. – slide 28
    West Africa Operations Substantial cash-flow with material upside Alba Platform Installation Complete Expected startup mid 2016 Extends the economic life of the field Strong Production Profile with Minimal Capital Requirements 3D…
  29. May 2016 Investor Handout – Noble Energy, Inc. – slide 29
    Alba, Aseng and Alen Major Project Success Reliable and safe performance enhances value Alba Aseng Alen Alba Field in Equatorial Guinea Block I in Equatorial Guinea Block O in Equatorial Guinea 34% non-operated working interest…
  30. May 2016 Investor Handout – Noble Energy, Inc. – slide 30
    2016 Guidance Updated Original 2016 2016 Update 2Q16 Guidance Guidance Sales Volumes (MBoe/d) 390 405 405 - 415 Product Mix (Oil / NGL / Gas) 32% / 13% / 55% 31% / 14% / 55% 30% / 14% / 56% Organic Capital (B)…
  31. May 2016 Investor Handout – Noble Energy, Inc. – slide 31
    Noble Energy Beyond 2016 As the energy world continues to evolve Keys to Success: Remain Flexible and Agile Continue Industry-Leading Operational Execution and Financial Strength Maintain High Quality Diversified Portfolio that…
  32. May 2016 Investor Handout – Noble Energy, Inc. – slide 32
    Highly Diversified Asset Base Portfolio offers investment choices and production stability 1Q16 Asset Production Mix 1Q16 Commodity Mix DJ Basin Crude Oil and Texas Condensate Marcellus Natural Gas Liquids GOM U.S. Natural…

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