Skip to main content BAML 2019 Global Energy – Noble Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

BAML 2019 Global Energy – Noble Energy, Inc.

Noble Energy, Inc. · Nov 14, 2019 · 33 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. BAML 2019 Global Energy – Noble Energy, Inc. – slide 1
    Investor Handout November 2019
  2. BAML 2019 Global Energy – Noble Energy, Inc. – slide 2
    NBL Strategy To Drive Long-term Value www.nblenergy.com NYSE: NBL Diversified, low-cost producer with moderate growth and sustainable FCF Generate Competitive Return Significant Maintain Strong Increase Corporate Advance ESG FCF…
  3. BAML 2019 Global Energy – Noble Energy, Inc. – slide 3
    About NBL www.nblenergy.com NYSE: NBL Sustainable value creation Assets. Execution. Results. Maintain Top Tier, High-quality Portfolio Eastern Mediterranean Diversification of play type and geography for investment flexibility Gross…
  4. BAML 2019 Global Energy – Noble Energy, Inc. – slide 4
    Financial Position www.nblenergy.com NYSE: NBL Continued focus on financial strength Leverage and Liquidity Provide Financial Flexibility B Minimal Upcoming Debt Maturities 5.0 Robust liquidity of 4.0 B at end of 3Q19 4 B revolving…
  5. BAML 2019 Global Energy – Noble Energy, Inc. – slide 5
    Performance-Based Executive Incentive Plan www.nblenergy.com NYSE: NBL Compensation aligned with shareholder interests to drive superior returns Long-term Incentive Plan (LTIP) LTIP represents approximately 70% of total executive…
  6. BAML 2019 Global Energy – Noble Energy, Inc. – slide 6
    Environmental, Social, and Governance Developments www.nblenergy.com NYSE: NBL Advancing our culture and positively impacting the communities where we work Environment Emissions: Reduced global GHG emissions by 6.4%; captured 384mcf of…
  7. BAML 2019 Global Energy – Noble Energy, Inc. – slide 7
    Safety and Environmental Performance www.nblenergy.com NYSE: NBL Protection of the environment is an integral part of our commitment to operational excellence Incidents per No Harm Culture Integrates Safety in All Operations 200,000…
  8. BAML 2019 Global Energy – Noble Energy, Inc. – slide 8
    Portfolio Combination Provides Competitive Advantage www.nblenergy.com NYSE: NBL Step change in sustainable production profile with Leviathan start-up Eastern Mediterranean World-class natural gas reservoirs with low decline profile…
  9. BAML 2019 Global Energy – Noble Energy, Inc. – slide 9
    2020 and Beyond www.nblenergy.com NYSE: NBL Low maintenance capital allows for sustainable free cash flow(1) 200-300 MM Target Free Cash Flow(1) Over 500 MM in 2020 Capital(2) Drives 5-10% Growth Anticipate All FCF(1) Returned to…
  10. BAML 2019 Global Energy – Noble Energy, Inc. – slide 10
    2020 Inflection Point www.nblenergy.com NYSE: NBL Differentially positioned for sustainable returns to investors NBL Competitive Advantages Leading Into 2020 2020 Priorities Generate Free Cash Flow(1), Reduction in Corporate Driven…
  11. BAML 2019 Global Energy – Noble Energy, Inc. – slide 11
    3Q19 Key Highlights www.nblenergy.com NYSE: NBL Continued momentum through 2019 Strong Operational Execution and Cost Control Capital expenditures lower than expected from onshore and offshore developments; YTD 2019 reduction of 200…
  12. BAML 2019 Global Energy – Noble Energy, Inc. – slide 12
    U.S. Onshore www.nblenergy.com NYSE: NBL Lower costs, higher volumes - resulting from ongoing efficiency improvements 3Q19 Key Highlights 3Q U.S. Onshore Basin DJ Basin Production, MBoe/d U.S. Onshore Efficiencies Exceeding 1H19…
  13. BAML 2019 Global Energy – Noble Energy, Inc. – slide 13
    USO Oil Takeaway www.nblenergy.com NYSE: NBL Significant pipeline expansions improving oil netbacks DJ Basin Securing Long-Term Takeaway at Lower Cost NBL has entered into a new contract with Saddlehorn Pipeline, which increases NBLs…
  14. BAML 2019 Global Energy – Noble Energy, Inc. – slide 14
    DJ Basin www.nblenergy.com NYSE: NBL Improving execution and efficiencies NBL Acreage Municipalities GOR: Low Mid High East Pony Continued Outperformance in DJ Basin Weld 2019 YTD operations generating cash flow above capital…
  15. BAML 2019 Global Energy – Noble Energy, Inc. – slide 15
    DJ Basin www.nblenergy.com NYSE: NBL Long-term planning continues to pay dividends Mustang Continuing Significant Volume Growth MBoe/d Mustang Production, Gross 70 (Row 1 and 2) Average 61 MBoe/d net, in 3Q19, an increase of 20% from…
  16. BAML 2019 Global Energy – Noble Energy, Inc. – slide 16
    DJ Basin Infrastructure www.nblenergy.com NYSE: NBL Processing additions support growing DJ Basin volumes NBL Well Positioned to Benefit from Near-term Processing Expansions DCP Plant 11 (OConnor 2) Mustang activity planned in…
  17. BAML 2019 Global Energy – Noble Energy, Inc. – slide 17
    Delaware Basin www.nblenergy.com NYSE: NBL Realizing the benefits of row development Capital and Operating Cost Focus Reeves Reeves Well costs reduced by an incremental 0.5 MM from 1H19 LOE/BOE down 33% from the 4Q18 Improved Cycle…
  18. BAML 2019 Global Energy – Noble Energy, Inc. – slide 18
    Eagle Ford www.nblenergy.com NYSE: NBL Cash generation continues Maximizing Asset Value 35,000 Dimmit L&E Net acres 3Q19 sales volumes of 65 MBoe/d Eagle Ford asset generating cash flow in excess of capital in Briscoe 2019,…
  19. BAML 2019 Global Energy – Noble Energy, Inc. – slide 19
    U.S. Onshore www.nblenergy.com NYSE: NBL Continued capital and LOE reductions MM DJ Well Cost(1) MM Delaware Well Cost(1) 8 Normalized to 9,500 12 Normalized to 7,500 Down 10 2 MM Down 6 2 MM 8 6 4 4 2 2 4Q 2018 2019…
  20. BAML 2019 Global Energy – Noble Energy, Inc. – slide 20
    West Africa www.nblenergy.com NYSE: NBL Strong cash flow profile from existing production and development projects 3Q19 Key Highlights Maximizing Cash flows from Existing Production Alba Field 33% WI Cameroon Improved volumes at…
  21. BAML 2019 Global Energy – Noble Energy, Inc. – slide 21
    Alen Gas Monetization www.nblenergy.com NYSE: NBL Entering the next phase of development Capital-efficient Development Primarily Utilizing Existing Infrastructure: Global LNG Sales EG LNG Minor modifications to the Alen platform Dry…
  22. BAML 2019 Global Energy – Noble Energy, Inc. – slide 22
    Eastern Mediterranean www.nblenergy.com NYSE: NBL High-margin, low-decline assets with material cash flow inflection in 2020 Aphrodite Tamar 3Q19 Key Highlights 35% WI 25% WI Tamar Production Above 1 Bcfe/d Gross in 3Q Leviathan…
  23. BAML 2019 Global Energy – Noble Energy, Inc. – slide 23
    Leviathan www.nblenergy.com NYSE: NBL Project 150 MM under budget with production ahead of schedule Leviathan 96% Complete; First Gas Expected in December 150 MM under project sanction, now 3.6 B total, gross. Major Milestones…
  24. BAML 2019 Global Energy – Noble Energy, Inc. – slide 24
    Eastern Mediterranean www.nblenergy.com NYSE: NBL EMG infrastructure ready for significant exports Leviathan Closed Acquisition of Interest November 2019 Mechanical integrity of EMG Pipeline confirmed and Leviathan Amman certified…
  25. BAML 2019 Global Energy – Noble Energy, Inc. – slide 25
    Eastern Mediterranean www.nblenergy.com NYSE: NBL 2020 inflection point with long-term running room Strong Regional Sales Outlook Expecting combined regional sales for Tamar and Leviathan Israel 2020 Outlook to range between 1.6 and…
  26. BAML 2019 Global Energy – Noble Energy, Inc. – slide 26
    International Inventory www.nblenergy.com NYSE: NBL Significant depth of high-return major projects driving long-term value Progressing Natural Gas Monetization Opportunities Leviathan and Alen projects provide near-term impacts…
  27. BAML 2019 Global Energy – Noble Energy, Inc. – slide 27
    Exploration Program www.nblenergy.com NYSE: NBL Drilling activity planned for 2020: Wyoming (PRB) and Colombia Newfoundland 2.3 MM gross acres 25% WI, non-operated Wyoming Interpretation / Captured 175 K acres with maturation of…
  28. BAML 2019 Global Energy – Noble Energy, Inc. – slide 28
    Colombia Farm-In www.nblenergy.com NYSE: NBL Significant new exploration opportunity captured NBL 40% Operated Working Interest in Offshore Colombia 2 MM gross acres Colombia-3 and Guajira Offshore-3 blocks contain in excess of 2…
  29. BAML 2019 Global Energy – Noble Energy, Inc. – slide 29
    Delivering Key Outcomes For 2019 www.nblenergy.com NYSE: NBL Setting the stage for sustainable long-term FCF(1) 1Q 2Q 3Q 4Q Other 2019 Accomplishments Reduced full-year capital expenditures by 200 MM Capital below, Permian…
  30. BAML 2019 Global Energy – Noble Energy, Inc. – slide 30
    www.nblenergy.com NYSE: NBL Appendix 31
  31. BAML 2019 Global Energy – Noble Energy, Inc. – slide 31
    4Q19 Guidance www.nblenergy.com NYSE: NBL Continuing ahead of plan in 2019; Maintaining capital discipline FY 19 Delivering Ahead of Plan Crude Oil and Natural Gas Natural Gas Total 4Q 2019 Condensate Liquids Equivalent (MMcf/d)…
  32. BAML 2019 Global Energy – Noble Energy, Inc. – slide 32
    www.nblenergy.com NYSE: NBL Defined Terms and Price Deck Terms Definition Free Cash Flow (FCF) GAAP cash flow from operations less consolidated capital investments Asset-level Free Cash Flow Before income tax operating cash flow…
  33. BAML 2019 Global Energy – Noble Energy, Inc. – slide 33
    Investor Relations Contacts Brad Whitmarsh Park Carrere Kim Hendrix 281.943.1670 281.872.3208 281.943.2197 brad.whitmarshnblenergy.com park.carrerenblenergy.com kim.hendrixnblenergy.com Visit us on the Investor Relations Homepage at…

From the store

Browse maps, data & reports in the Shale Experts store