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2Q 2017 Quarterly Update – Noble Energy, Inc.

Noble Energy, Inc. · Aug 3, 2017 · 21 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. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 1
    Second Quarter 2017 Supplement August 2017 NBL
  2. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 2
    2Q17 KEY HIGHLIGHTS Executing to plan while delivering significant strategic objectives Volumes and Costs In-line or Better than Guidance Volumes of 408 MBoe/d, in the upper half of guidance after adjusting for Marcellus close timing…
  3. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 3
    2Q17 ACTUALS VS. GUIDANCE In line and exceeding guidance for majority of items Financial and Operating Metrics 2Q Guidance 2Q Actuals Earnings Reconciliation 2Q (MM) Original: 395 - 415 GAAP Net Loss attributable to NBL (1,512)…
  4. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 4
    U.S. ONSHORE Robust U.S. onshore liquids growth 2Q17 Key Highlights DJ Basin 12 MBbl/d Increase in U.S. Onshore Oil Over 1Q17, up 16% Marcellus* Record U.S. Onshore Oil and NGL Volumes Delaware of 149 MBbl/d Basin Eagle Eagle…
  5. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 5
    DELAWARE BASIN TX Accelerating value in top-tier Southern Delaware position 64% Quarterly Increase Over 1Q17 118,000 NBL Acreage Volumes Ward Net acres NBL and CWEI results trending above type curve Successful Integration of CWEI…
  6. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 6
    DELAWARE BASIN Unlocking value across multiple stacked zones 2Q17 Highlights Cum. MBoe 1st Simultaneous Wolfcamp A Upper and Lower 250 Wolfcamp A Well Results* Completions Showing Consistent Performance 200 Additional simultaneous…
  7. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 7
    DELAWARE BASIN Strong 2Q17 results across top-tier quality acreage position Monroe Pad 3-well pad with 10,000 ft laterals Wolfcamp A- City of Pecos 2HB 3rd Bone Spring, Wolfcamp A & Sheriff Woody 5H Ward Upper and Wolfcamp A Lower…
  8. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 8
    DELAWARE BASIN Midstream integration a competitive advantage NBLX Supporting Growth Objectives Billy Miner First CGF Facility Expanding Capacity and Accelerating Build-Out of Central Gathering Facilities 1st Gathering Facility (CGF)…
  9. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 9
    DJ BASIN CO Value optimization continues with focus on oil rich areas and enhanced completions Strong Enhanced Completions Drive 7% 352,000 Horizontal Volume Increase Weld Net acres New well wedge outperforming expectations…
  10. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 10
    DJ BASIN 2017 horizontal volume outlook exceeds expectations Affirmed 2017 Volume Outlook MBoe/d Wells Ranch and East Pony Volumes 70 2017 Horizontal Outlook Raised with Fewer Wells on Strong New Well Performance 60 4Q17 horizontal…
  11. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 11
    DJ BASIN Enhanced completions continue to highlight value-focused capital program 2Q17 Highlights Cum. MBoe 2017 Wells Ranch Performance* 250 2017 Well Ranch (21 Wells w/ avg 11 Wells Ranch and 22 East Pony Wells 1,900 lb/ft)…
  12. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 12
    DJ BASIN COGCC Notice to Operators ensuring safety of people, protection of the environment and integrity of operations 1,500 ft. NBL mapping coordinates, inspection and integrity-testing radius exceeded 1,000 ft. requirement…
  13. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 13
    EAGLE FORD SHALE TX Achieving targeted value and production ramp on strong execution Activity Focused in Highly-prolific South Gates Ranch Row 4 33,000 Dimmit L&E Wells demonstrating flatter declines versus type curve Net acres…
  14. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 14
    MATERIAL EMBEDDED MIDSTREAM VALUE NBLX offers significant operating and financial efficiencies MM Substantial Growth in Cash Flow Distributions(5) to NBL 556 MM 100 received to date IPO proceeds, distributions and drop down…
  15. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 15
    EASTERN MEDITERRANEAN Fueling over 60% of Israel power generation and growing 2Q17 Key Highlights Cyprus Tamar Record Second Quarter Gross Sales Volumes 35% WI 32.5% WI 962 MMcfe/d Achieved several daily records in June and July…
  16. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 16
    LEVIATHAN MAJOR PROJECT Progressing towards first gas sales by end of 2019 Drilling, Manufacturing, and Onshore Construction Underway 15% complete with Phase I development 100% of building permits submitted Project Phase…
  17. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 17
    OTHER GLOBAL OFFSHORE Exceptional operational and safety performance 2Q17 Key Highlights Strong Well Performance at Big Bend, Dantzler and Gunflint Fields in the Gulf of Mexico Led to Average Sales Volumes of 27 MBoe/d 81% oil…
  18. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 18
    SURINAME EXPLORATION PROSPECT Testing high potential prospect in late 2017 Oil Prospect in Cretaceous Rock Significant Recent Discoveries Offshore Guyana Prove Working Hydrocarbon System Onshore Suriname Tambaredjo field producing…
  19. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 19
    UPDATED 2017 GUIDANCE U.S. onshore oil, total oil and total company full year volumes at midpoint or upper half of original guidance* Key Highlights Total Company Sales Volume Guidance MBoe/d FY17 Sales Volumes on Track with Original…
  20. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 20
    SALES VOLUME GUIDANCE Third quarter and fourth quarter guidance Crude Oil and Natural Gas Natural Gas Total Equivalent Condensate Sales Volume Liquids (MBbl/d) (MMcf/d) (MBoe/d) (MBbl/d) Low High Low High Low High Low High Third…
  21. 2Q 2017 Quarterly Update – Noble Energy, Inc. – slide 21
    CAPITAL AND COST GUIDANCE Third quarter and fourth quarter guidance 3Q 2017 4Q 2017 Capital & Cost Metrics Low High Low High Capital Expenditures* (MM) Total Company Organic Capital 625 725 600 700 Cost Metrics Lease Operating…

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