NOBLE ENERGY INVESTMENT THESIS Best assets, best execution, best results Industry-leading Well Performance in Premier U.S. Onshore Basins 4.5 BBoe net unrisked resources, 7,500 liquids-rich drilling locations 30% U.S. Onshore oil…
PORTFOLIO TRANSFORMATION Ongoing process focusing portfolio on high-margin assets THEN ACTIONS NOW Entered liquids-rich Eagle Ford Shale Focus on fastest- Diversified portfolio and Delaware Basin through focusing on both oil ROSE Merger…
PORTFOLIO POSITIONED FOR HIGH MARGIN GROWTH Accelerating robust oil and EMED growth DJ, Delaware and Combined DJ, Delaware and EMED Grow EMED Volume Growth 465 MBoe/d More Than 200 MBoe/d to 2020 Vast Majority of Capital Allocated…
2017 KEY GOALS AND OBJECTIVES Substantial progress on outcomes for the year Goals Status Currently operating 8 USO drilling rigs (2 DJ Basin, 5 Accelerate Onshore Activities and Delaware, 1 Eagle Ford) Drive Capital Efficiencies…
SIGNIFICANT POSITIONS IN PREMIER, LOW-COST BASINS 4.5 BBoe net unrisked resource potential, 7,500 liquids-rich locations Over 70% Inventory with Wells Below 40 Breakeven 8,000 BTAX PV10 or Greater 6,000 352,000 net acres 3,220…
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 Continued Eagle 20+ Wells Integration of Ford Growth from Online CWEI…
DELAWARE BASIN: TOP-TIER POSITION TX Superior, contiguous position with midstream advantage 2nd Largest Southern Delaware Operator Southern Delaware Basin GOR Map 118,000 Creating Differential Value with Long Net acres Laterals,…
DELAWARE BASIN: LEADING PERFORMANCE Optimizing completion design for optimum value Continued Outperformance Cum. MBoe Delaware Wolfcamp A Well Results 250 1Q17 Wells Trending 35% Above 1.2 MMBoe 200 Type Curve After 60 Days Top 2…
DJ BASIN: FOUNDATIONAL ASSET CO Large, high-quality, contiguous acreage position Creating Differential Value with Long Laterals, 352,000 Weld Net acres Midstream Advantage and High Liquids Content East Pony Greeley Crescent Recent…
DJ BASIN: LEADING PERFORMANCE Success with enhanced completions extending beyond Wells Ranch Cum. MBoe Wells Ranch Recent Results* Enhanced Completions 140 120 Wells Ranch High Intensity Completions Continue 100 to Outpace Type Curve…
EAGLE FORD: PROLIFIC ASSET POTENTIAL TX Significant growth contributor in 2017 35,000 Dimmit Net acres 2017 Activity Focused in Highly Prolific South Gates Ranch Lower Eagle Ford 360 Gross locations South Gates Ranch EUR 3.5 MMBoe…
EXPANDING MIDSTREAM Advantaged position in DJ and Delaware Basins DJ Basin Delaware Basin Differentially Positioned Unlocking Development Mode with First NBLX Process own gas in East Pony IDP Central Gathering Facility by Mid-2017…
EASTERN MEDITERRANEAN World-class resources in a high-demand region Tamar 10 Tcf (Producing) and Leviathan 22 Tcf Gross Recoverable Resources Tamar currently supplying up to 60% of Israel power generation Expanding Ultimate Gross…
LEVIATHAN: PHASE ONE 1.2 BCF/D FROM 4 WELLS Steady cash flow stream, payout within 3-4 years Life of Project Cash Flows* Phase One Low-cost Development Partnership Government of Israel Capital 3.75 B gross, 1.5 B net 40% 60% LOE…
NOBLE ENERGY INVESTMENT THESIS Best assets, best execution, best results Industry-leading Well Performance in Premier U.S. Onshore Basins 4.5 BBoe net unrisked resources, 7,500 liquids-rich drilling locations 30% U.S. Onshore oil…
Non-GAAP Reconciliations Pre-tax operating cash flow (Non-GAAP) and free cash flow (Non-GAAP) should not be considered an alternative to, or more meaningful than, operating cash flow (GAAP). Our management believes and certain…
Investor Relations Contacts Brad Whitmarsh Megan Repine Megan Dolezal 281.943.1670 832.639.7380 281.943.1861 brad.whitmarshnblenergy.com megan.repinenblenergy.com megan.dolezalnblenergy.com Energizing the World, Visit us on the Investor…