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Q1 2017 Supplement – Noble Energy, Inc.

Noble Energy, Inc. · May 2, 2017 · 18 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. Q1 2017 Supplement – Noble Energy, Inc. – slide 1
    First Quarter 2017 Supplement May 2017 NBL
  2. Q1 2017 Supplement – Noble Energy, Inc. – slide 2
    1Q17 KEY HIGHLIGHTS Executing ahead of plan, 2017 full year volumes trending toward upper half of original expectations Sales Volumes of 382 MBoe/d, Above Expectations Total Company oil and U.S. onshore above expectations, led by DJ…
  3. Q1 2017 Supplement – Noble Energy, Inc. – slide 3
    1Q17 ACTUALS VS. GUIDANCE In line and exceeding guidance for majority of items Financial and Operating Metrics 1Q Guidance 1Q Actuals Earnings Reconciliation 1Q (MM) Total Sales Volumes (MBoe/d) 370 - 380 382 GAAP Net Income…
  4. Q1 2017 Supplement – Noble Energy, Inc. – slide 4
    2017 KEY GOALS AND OBJECTIVES Substantial progress on outcomes for the year Goals Status Currently operating 8 USO drilling rigs (2 DJ Basin, 4 Accelerate Onshore Activities and Delaware, 2 Eagle Ford) Drive Capital Efficiencies…
  5. Q1 2017 Supplement – Noble Energy, Inc. – slide 5
    U.S. ONSHORE Accelerating activity in liquids-rich basins 1Q17 Key Highlights DJ Basin Sales Volumes and Oil at High End of Guidance Marcellus 95% of 1Q 17 USO capital focused on Delaware liquids-rich basins Basin Eagle…
  6. Q1 2017 Supplement – Noble Energy, Inc. – slide 6
    U.S. ONSHORE CATALYST-RICH 2017 U.S. onshore oil projected at high end of original expectations Highlights 2Q 3Q 4Q Anticipating 30% Full Year Oil Growth vs. 2016 Integration of Continued Eagle 20+ Wells Online CWEI Assets Ford…
  7. Q1 2017 Supplement – Noble Energy, Inc. – slide 7
    DELAWARE BASIN TX Accelerating value in top-tier Southern Delaware position Well Results Confirm Quality of Upper and Lower Wolfcamp A Across Position 118,000 NBL Acreage Ward Net acres NBL and CWEI results trending above type…
  8. Q1 2017 Supplement – Noble Energy, Inc. – slide 8
    DELAWARE BASIN Industry-leading well performance Delaware Wolfcamp A Well Results Continued Outperformance Cum. MBoe 250 1Q17 Wells Trending 35% Above 1.2 MMBoe 200 Type Curve After 60 Days 150 Top 2 most productive industry…
  9. Q1 2017 Supplement – Noble Energy, Inc. – slide 9
    DJ BASIN CO Rapidly accelerating rate of change Enhanced Capital Efficiency with Increased 2017 Volume Outlook 352,000 Weld Net acres Record low drill times and reduced frac cycle times More than doubling wells online in 2Q17 vs.…
  10. Q1 2017 Supplement – Noble Energy, Inc. – slide 10
    DJ BASIN Success with enhanced completions extending beyond Wells Ranch Cum. MBoe Wells Ranch Recent Results* Enhanced Completions 140 120 100 Wells Ranch High Intensity Completions 80 Continue to Outpace Type Curve by More 60 than…
  11. Q1 2017 Supplement – Noble Energy, Inc. – slide 11
    EAGLE FORD SHALE TX Significant growth contributor in 2017 Activity Focused in Highly-prolific South 35,000 Dimmit Gates Ranch Net acres Commenced production on 5 wells late in the quarter Exited 1Q Over 50 MBoe/d, Current Rate 360…
  12. Q1 2017 Supplement – Noble Energy, Inc. – slide 12
    U.S. DRILLING EFFICIENCIES Realizing substantial cost reductions across all plays /ft Average Drilling Cost per Foot 300 < 4.3 200 days to drill a 9,700 ft lateral a new record for the DJ Basin 100 0 4 DJ Basin 2015 Delaware…
  13. Q1 2017 Supplement – Noble Energy, Inc. – slide 13
    EXPANDING MIDSTREAM Integrated infrastructure planning to maximize value and efficiencies Over 3 B in value* to NBL from CNNX and NBLX 10% Above Key Highlights MQD** Progressing 4 Central Gathering Facilities for NBL in…
  14. Q1 2017 Supplement – Noble Energy, Inc. – slide 14
    EASTERN MEDITERRANEAN Fueling over 60% of Israel power generation and expanding 1Q17 Key Highlights Record First Quarter Net Sales 274 MMcfe/d, with Tamar gross volumes of 956 MMcfe/d, up 12% from 1Q16 Tamar 8 Development Well…
  15. Q1 2017 Supplement – Noble Energy, Inc. – slide 15
    LEVIATHAN MAJOR PROJECT Progressing towards first gas sales by end of 2019 Manufacturing and Onshore Construction Underway First Steel Cut locked in favorable pricing 100% of major equipment and installation contracts…
  16. Q1 2017 Supplement – Noble Energy, Inc. – slide 16
    OTHER GLOBAL OFFSHORE Exceptional operational and safety performance 1Q17 Key Highlights Strong Well Performance at Big Bend, Dantzler and Gunflint Fields in the Gulf of Mexico Led to Average Sales Volumes of 30 MBoe/d Maintained…
  17. Q1 2017 Supplement – Noble Energy, Inc. – slide 17
    SALES VOLUME GUIDANCE Second quarter raised to upper half of original guidance Crude Oil and Natural Gas Natural Gas Total Equivalent Condensate Liquids (MBbl/d) (MMcf/d) (MBoe/d) Sales Volume* (MBbl/d) Low High Low High Low…
  18. Q1 2017 Supplement – Noble Energy, Inc. – slide 18
    CAPITAL AND COST GUIDANCE Second quarter guidance 2Q 2017 Capital & Cost Metrics* Low High Capital Expenditures** (MM) Total Company Organic Capital 650 750 Cost Metrics Lease Operating Expense (/BOE) 3.65 3.90 Gathering,…

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