OUTPERFORMED 2017 GOALS Transformative year as NBL sharpened focus Goals Accomplishments Delivered 40% U.S. Onshore oil growth from 1Q17 to 4Q17(1) Accelerate Onshore Activities and Increased operating cash flow per BOE 80% from…
SUBSTANTIAL INCREASE IN PROVED RESERVES 37% growth in proved reserves driven by high-return U.S. Onshore and Israel assets BBoe Proved Reserves Key Highlights 2.0 1.97 Nearly 2 BBoe Proved Reserves with an Organic Reserve…
4Q17 KEY HIGHLIGHTS Exceptional and differential operational execution Significant Liquids Growth Total volumes of 380 MBoe/d, an increase of nearly 50 MBoe/d from 4Q16(1) and 25 MBoe/d from 3Q17 Delivered U.S. onshore oil growth…
4Q17 ACTUALS VS. GUIDANCE Beat vs. expectation on revenues and lower costs Financial & Operating Metrics 4Q Guidance 4Q Actuals Earnings Reconciliation 4Q (MM) Total Sales Volumes (MBoe/d) 380 390 380 Net Income attributable to NBL…
U.S. ONSHORE Executing to plan, delivering robust volume and cash flow growth 4Q17 Key Highlights Operating Cash Flow per BOE up 40% from 3Q17 and 80% from Full-year 2016 DJ Basin U.S. Onshore Oil Record of 104 MBbl/d Delivered…
DELAWARE BASIN TX Focused on full development mode MBoe/d Executing to Plan 2017 Wells Online Cash Flow and Volume Growth 40 Four-fold increase from 4Q16 25 Exited 4Q17 with record production 45 MBoe/d 35 4Q17 sales volumes up 40%…
DELAWARE BASIN TX Results demonstrate confidence in development plan Calamity Jane 7 Well Pad 2 3rd Bone Springs, 30-day Highlights Reeves avg. IP 2,600 Boe/d Current Development Plan Supported by Strong 3 Wolfcamp A Upper, 30- 2017…
DJ BASIN CO Focus areas driving sustained higher oil mix Wells Ranch and East Pony MBoe/d More than 35% growth over last year Continued Strong Productivity 90 Driven by high-margin new well performance and 75 low GOR development…
NOBLE MIDSTREAM (NBLX) Top-tier distribution growth with strong coverage and low leverage 20% 29% 81% 2.4x targeted increase in 4Q17 oil and produced water gathering distribution coverage annual distribution gas gathering volume…
EAGLE FORD SHALE TX Solid execution delivering cash flow ramp Delivered Substantial MBoe/d Highly-prolific South Gates Ranch 100 Production Ramp Wells Online 25 Development Record quarterly sales volumes of 92 MBoe/d 80 20 10…
EASTERN MEDITERRANEAN Strong natural gas demand in Israel with a stable long-term cash flow profile 4Q17 Key Highlights Aphrodite Tamar 35% WI 32.5% WI(1) Gross Sales Volumes of 911 MMcfe/d; Net 262 MMcfe/d Completed maintenance…
OTHER GLOBAL OFFSHORE Continued exceptional operational and safety performance Key Highlights High-margin, Premium-priced Oil Production Represented 25% of total company oil volumes Aseng Field Reached Cumulative Oil Production…