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Q2 2016 Earnings Presentation – Noble Energy, Inc.

Noble Energy, Inc. · Aug 3, 2016 · 14 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. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 1
    SECOND QUARTER 2016 SUPPLEMENTAL INFORMATION Energizing the World, August 3, 2016 Bettering Peoples Lives
  2. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 2
    2Q16 Key Messages and Highlights Operational records and leading execution across the business Continuing to Drive Capital and Operating Efficiencies Quarterly capital expenditures of 262 MM, significantly below low end of guidance…
  3. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 3
    2Q16 Outperformance Versus Expectation Strong capital efficiency and cost control Financial and Operating Metric 2Q Guidance 2Q Actuals Total Sales Volumes (MBoe/d) 405 - 415 427 Product Mix (Oil / NGL / Gas) 30% / 14% / 56% 29% /…
  4. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 4
    Active Portfolio Management Portfolio high-grading generating substantial cash flows 3.7 B of Cumulative Asset Monetizations Over 1 B of Divestment Proceeds Announced B Year-to-Date 1.5 Accelerated value of long-dated DJ inventory…
  5. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 5
    Delaware Basin: Third Noble Completion Best performing well ever drilled on NBL Permian position Outstanding NBL Operated CJ2101H Well Testing Slickwater and Higher Frac Intensity IP-30 of 2,541 Boe/d, more than 75% above type Soapy…
  6. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 6
    Eagle Ford: Impressive Results Continue in Gates Ranch Increase in recovery from enhanced completions 32% Eagle Ford Volume Increase from 1Q16 Production History Supports Downspacing to at least 750 from 1,000 at South Gates Ranch…
  7. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 7
    DJ Basin: Enhancing Margins Standout quarter for DJ Basin capital and operating cost optimization MM Wells Ranch Long Lateral Well Cost Over 40% Reduction in Well Costs Since 8.5 8.2 Early 2015 3.4MM Savings 7.5 Breakdown:…
  8. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 8
    DJ Basin: Enhanced Completions Optimizing well results with higher proppant concentration and slickwater Well Outperformance Versus Historical Type Curve by 35% in East Pony and 15% in Wells Ranch Enhanced completions include…
  9. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 9
    Marcellus: Outstanding Well Performance Exceeding production goals with fewer completions Operated Rich Hill 23 Pad Produced 95 MMcf/d After 6 Months From 8 Wells Average lateral length 10,000 Cost advantaged with ability to produce…
  10. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 10
    Offshore Major Project Execution Gunflint and Alba compression contribute to 2H16 capital efficiency GOM Gunflint Oil Development Commenced Production in Mid-July Commenced Production in Mid-July from the Compression Platform at…
  11. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 11
    Israel: Robust Demand and Exceptional Performance Record 2Q sales volumes and cash flows Tamar Net Sales Volumes 2Q16 Israel Natural Gas Sales Volumes of MMcf/d 350 276 MMcf/d, Net 1.1 Bcf/d Represents nearly 30% growth over 2Q15…
  12. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 12
    Israel: Leviathan Road Map to Sanction Momentum on critical project work streams continues Initial Capacity: 1.2 Bcf/d 12
  13. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 13
    Strong 2H16 Operational Lineup Enhanced 2016 outlook and strong positioning for 2017 28 MBoe/d Volume Increase, Divestiture- MBoe/d 2016 Full-Year Production Adjusted, or 10 MMBoe, With No Change to 420 415 Total Capital 405…
  14. Q2 2016 Earnings Presentation – Noble Energy, Inc. – slide 14
    2016 Guidance Updated Prior 2016 3Q16 4Q16 2016 Update Guidance Guidance Guidance Sales Volumes (MBoe/d) 405 415 405 - 415 400 - 410 Product Mix (Oil / NGL / Gas) 31% / 14% / 55% 30% / 14% / 56% 28% / 14% / 58% 30% / 14% / 56%…

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