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Q3 2017 Presentation – Noble Energy, Inc.

Noble Energy, Inc. · Oct 31, 2017 · 16 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. Q3 2017 Presentation – Noble Energy, Inc. – slide 1
    Third Quarter 2017 Supplement October 2017 NBL
  2. Q3 2017 Presentation – Noble Energy, Inc. – slide 2
    3Q17 KEY HIGHLIGHTS Solid and differential operational execution Volumes Significantly Exceeding Original Expectations Volumes of 355 MBoe/d, 10 MBoe/d above original midpoint U.S. onshore oil volumes of 93 MBbl/d above guided range,…
  3. Q3 2017 Presentation – Noble Energy, Inc. – slide 3
    3Q17 ACTUALS VS. GUIDANCE Beat vs. expectation with strong EBITDAX Financial & Operating Metrics 3Q Guidance 3Q Actuals Earnings Reconciliation 3Q (MM) Original: 340 - 350 GAAP Net Loss attributable to NBL (136) Total Sales Volumes…
  4. Q3 2017 Presentation – Noble Energy, Inc. – slide 4
    U.S. ONSHORE Executing to plan, delivering robust volume and cash flow growth 3Q17 Key Highlights Operating Cash Flow per BOE up 50% from 3Q16 DJ Basin U.S. Onshore Oil Record at 93 MBbl/d On-track to deliver 40% USO oil growth…
  5. Q3 2017 Presentation – Noble Energy, Inc. – slide 5
    U.S. ONSHORE Delivering improved margins from portfolio actions and focused capital Total USO Production(1) Increasing Cash Flow Margins MBoe/d 23% Increase in Last 12 Months 225 200 175 50% 150 increase in operating cash flow…
  6. Q3 2017 Presentation – Noble Energy, Inc. – slide 6
    DELAWARE BASIN TX Executing to plan, progressing development mode Cash Flow and Volume Growth 118,000 NBL Acreage Sales volume up 17% from 2Q17 Ward Net acres Progressing Midstream Build-out, Supporting Upstream Growth Billy Miner…
  7. Q3 2017 Presentation – Noble Energy, Inc. – slide 7
    DELAWARE BASIN Drilling efficiencies ahead of plan Reducing Average Drilling /ft Cost per Lateral Foot 19 600 days record drill time for a Delaware 450 long lateral well: 10,567 ft lateral, 21,563 ft total depth 300 150 0…
  8. Q3 2017 Presentation – Noble Energy, Inc. – slide 8
    DELAWARE BASIN Progressing pad development and unlocking value beyond Wolfcamp A 3Q17 Highlights Continued Strong Results From Monroe Wells 12 Wolfcamp A Wells Online in 3Q17, Performing In-line with Expectations 2,300 2,100 3rd Bone…
  9. Q3 2017 Presentation – Noble Energy, Inc. – slide 9
    DJ BASIN CO Focus areas driving higher oil mix Continued Strong New Well Performance 352,000 New well wedge outperforming expectations Weld Benefited by areas protected from line pressures Net acres Continuing to Set New Drilling…
  10. Q3 2017 Presentation – Noble Energy, Inc. – slide 10
    DJ BASIN Continued strong performance from focus areas 3Q17 Highlights Wells Ranch and East Pony Volumes MBoe/d % of Total 19 Wells Ranch and 13 East Pony Wells 80 70% Commenced Production in 3Q17 70 60% Record Wells Ranch and…
  11. Q3 2017 Presentation – Noble Energy, Inc. – slide 11
    NOBLE MIDSTREAM Top-tier distribution growth with low leverage 29% 2x 42 MM 20% increase in 3Q17 oil and produced water net income in anticipated gas gathering volume gathering in 3Q17 3Q17 attributable annual distribution compared…
  12. Q3 2017 Presentation – Noble Energy, Inc. – slide 12
    EAGLE FORD SHALE TX Solid execution delivering cash flow ramp Highly-prolific South Gates Ranch Development 33,000 Dimmit L&E Net acres 8 wells online in 3Q17, 10 wells expected online in 4Q17 Briscoe Ranch Record Quarterly Sales…
  13. Q3 2017 Presentation – Noble Energy, Inc. – slide 13
    EASTERN MEDITERRANEAN Strong natural gas demand in Israel drove all-time record quarter 3Q17 Key Highlights Cyprus Tamar Record Gross Sales Volumes of 997 MMcfe/d 35% WI 32.5% WI Average production over 1 Bcf/d gross for 79 days in…
  14. Q3 2017 Presentation – Noble Energy, Inc. – slide 14
    LEVIATHAN MAJOR PROJECT Progressing towards first gas sales by end of 2019 Progressing Pipeline and Equipment Engineering Design and Manufacturing 23% and Engineering Design complete with Phase I development 100% complete with…
  15. Q3 2017 Presentation – Noble Energy, Inc. – slide 15
    OTHER GLOBAL OFFSHORE Continued exceptional operational and safety performance Key Highlights Assets Generated 130 MM Net Operating Cash Flow Combined in 3Q17 Managing field production declines Sales Volumes at Top End of…
  16. Q3 2017 Presentation – Noble Energy, Inc. – slide 16
    4Q17 GUIDANCE Total company sales volumes and U.S. Onshore oil maintained 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…

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