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Q4 2016 Results and 2017 Guidance – Noble Energy, Inc.

Noble Energy, Inc. · Feb 14, 2017 · 15 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. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 1
    Fourth Quarter 2016 Results and 2017 Guidance February 2017
  2. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 2
    4Q16 Key Messages and Highlights Ending an impactful year with another excellent quarter Fourth Quarter Sales Volumes of 410 MBoe/d, at High End of Guidance DJ Basin and Gulf of Mexico volumes above expectations Continued strong…
  3. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 3
    4Q16 Actuals Versus Guidance In line and exceeding guidance for majority of items Financial and Operating Metric 4Q Guidance 4Q Actuals Earnings Reconciliation 4Q (MM) Total Sales Volumes (MBoe/d) 400 - 410 410 GAAP Net Loss…
  4. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 4
    2016 Summary Review Leading operational and strategic execution De-Risked DJ Basin Development Environment Superior Regulatory Framework Enables Israels Natural Gas Future Portfolio Increased Flexibility and Control over Marcellus…
  5. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 5
    2016 Proved Reserves Performance revisions and additions exceed production and divestitures Over 1.9* Times Organic Replacement in 2016 2.8* times organic U.S. onshore reserve replacement Organic Reserve Replacement Costs at…
  6. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 6
    Key 2017 Goals and Objectives Entering multi-year high-margin growth cycle Enhance Capital Efficiency While Accelerating Onshore Activity Continue to optimize drilling and completion performance across basins Deliver material resource…
  7. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 7
    Strategic Acquisition of Clayton Williams Energy, Inc. Rapid acceleration plan materially enhances oil and long-term growth outlook Creates an Industry-Leading Southern Delaware Basin Position Nearly 120,000 net acres More than…
  8. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 8
    Transaction Accelerates Volumes and Cash Flow Even Faster New addition increases volume growth by 3 to 5 percentage points, Cash flow up 7 points Total Company Operating Cash Flow Grows Even Stronger * (2016 2020E CAGR Pro forma)…
  9. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 9
    World Class Leviathan Project Geologic similarities to Tamar, and 2x size at 22 Tcf gross recoverable resource Sanction Anticipated Within 1Q 2017 Cyprus Doubling EMED Gross Capacity to 2.4 35% WI Bcf/d by 2020 Tamar 32.5% WI…
  10. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 10
    2017 Outlook and Capital Program Steady growth throughout 2017 Organic Capital Expenditures* Expected between 2.3 - 2.6 B 2017 Capital Program* Capital Focused on U.S. Onshore and Leviathan Development 75% allocated to U.S. Onshore,…
  11. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 11
    2017 USO Activity Outlook Accelerating activity and oil growth U.S. Onshore Capital Estimated DJ Basin at 1.8 Billion* 2.5 average rigs 145 wells drilled Liquids focus DJ Basin, Delaware, Eagle Ford 120 wells online Marcellus…
  12. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 12
    Strong DJ Basin Well Performance Enhanced completions continue to widen versus expectations Longer Plateau Production and Flatter Wells Ranch Enhanced Completions Results Declines from Enhanced Completions Cum. MBoe High initial…
  13. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 13
    Solid 4Q16 Delaware Results Exiting 2016 in full development mode Top Tier Wolfcamp A Re-affirmed Across Entire Acreage Position NBL Acreage* Sam Prewitt southern-most well with enhanced completion, above 1.2 MMBoe type curve Jersey…
  14. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 14
    2017 Full Year and First Quarter Guidance Crude Oil and Natural Gas Liquids Natural Gas Total Equivalent Sales Volume* Condensate (MBbl/d) (MBbl/d) (MMcf/d) (MBoe/d) Low High Low High Low High Low High First Quarter 2017 United…
  15. Q4 2016 Results and 2017 Guidance – Noble Energy, Inc. – slide 15
    2017 Full Year and First Quarter Guidance 1Q 2017 FY 2017 Capital & Cost Metrics* Low High Low High Capital Expenditures** (B) Total Company Organic Capital 0.55 0.65 2.3 2.6 Cost Metrics LOE (/BOE) 3.60 3.90 3.60 3.90…

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