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

Investor Handout – Noble Energy, Inc.

Noble Energy, Inc. · Feb 24, 2015 · 39 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. Investor Handout – Noble Energy, Inc. – slide 1
    Energizing the World, Bettering Peoples Lives Investor Handout February 2015
  2. Investor Handout – Noble Energy, Inc. – slide 2
    Noble Energy Portfolio and focus delivering a unique future Well-Balanced, Diversified Portfolio Provides Exceptional Optionality Substantial proved reserves and unbooked resources Crude oil and natural gas exposure U.S.…
  3. Investor Handout – Noble Energy, Inc. – slide 3
    Global Operations Diversified portfolio of premier operating assets Focused on Five Core Areas Onshore U.S. - DJ Basin and Marcellus Shale Deepwater - GOM, Eastern Mediterranean and West Africa Best-in-class Project Execution…
  4. Investor Handout – Noble Energy, Inc. – slide 4
    Financial Position 2015 plans focused on maintaining strength 5.2 Billion of Liquidity* 1.2 B cash 4.0 B undrawn revolver Net Debt-to-Capital: 31% MM Well Managed Maturity Profile Investment Grade 4,000 Rating with Stable…
  5. Investor Handout – Noble Energy, Inc. – slide 5
    Commodity Hedging Positions Increasing cash flow predictability and protecting value Crude Oil Hedges Avg. Avg. Avg. Avg. Fixed Year Bo/d Short Floor Ceiling Price Projected Future Hedge Put Price Price Price MM Settlements **…
  6. Investor Handout – Noble Energy, Inc. – slide 6
    NBL Dividend Commitment to competitive payout Over Last Decade, Dividend per Share has Grown at a 31% CAGR and recently the annual dividend increased to .72 per share 10-Year Dividend Growth Dividend Payout Ratio Per Share (2005…
  7. Investor Handout – Noble Energy, Inc. – slide 7
    Portfolio Management Generating substantial cash flows to the business 2.5 B of Cumulative Proceeds B Since 2010 Proceeds From Asset 1.5 Non-core, low-growth E&P assets Monetizations 2014 successful IPO of Marcellus midstream assets…
  8. Investor Handout – Noble Energy, Inc. – slide 8
    2014 Key Messages and Accomplishments Strong execution and development 16 Percent Volume Increase Over 2013 Adjusting for asset divestitures Onshore U.S. horizontal volumes up 50% Enhancement of U.S. Onshore Completions Positive…
  9. Investor Handout – Noble Energy, Inc. – slide 9
    2014 Proved Reserves Additions offset production and divested assets 1.4 BBoe Total Proved 58% U.S. / 42% Intl BBoe 2014 Proved Reserves 1.6 31% Liquids 33% U.S. Gas 36% Intl Gas DJ Basin Marcellus Israel West Africa 1.4 1.4…
  10. Investor Handout – Noble Energy, Inc. – slide 10
    2015 Strategy and Messages Maintain financial strength and flexibility Leverage Benefits of a Well-Positioned, Diversified Portfolio Premier, low-cost base with optionality Protect Balance Sheet and Financial Liquidity Disciplined…
  11. Investor Handout – Noble Energy, Inc. – slide 11
    2015 Capital Program Disciplined and prudent investment approach Progress Core Onshore Unconventional 2.9 Billion Capex Programs 295 315 MBoe/d Volumes Focus on best return areas and maximize existing DJ Basin Program facility…
  12. Investor Handout – Noble Energy, Inc. – slide 12
    2015 Sales Volume Expectations Modest growth with significantly reduced capital MBoe/d 2015 Midpoint Growth Estimated at 5%* 325 295 - 315 300 298 291 275 250 225 2014 Non-Core 2014 West Africa GOM DJ Basin…
  13. Investor Handout – Noble Energy, Inc. – slide 13
    DJ Basin Asset Deep inventory of high-value, low-cost opportunities Premier U.S. Onshore Liquids Play 600,000 net acres in Colorado, primarily focused in oil window Multi-Billion Barrel Net Risked Resources* Upside through…
  14. Investor Handout – Noble Energy, Inc. – slide 14
    DJ Basin 2015 Operations Focus on enhancing core positions Currently Producing Over 110 MBoe/d WY NE 160% horizontal volume increase over last 2 years CO CO Activity Led by High-Value Areas in Wells N Colorado Ranch and East Pony…
  15. Investor Handout – Noble Energy, Inc. – slide 15
    DJ Basin Extended Reach Laterals ERLs deliver significant efficiency uplift ERLs Proven Effective Across Majority of DJ Basin Average Lateral Length per Well Feet Approximately 50% of 2015 Program 7,500 Will Be ERLs Large…
  16. Investor Handout – Noble Energy, Inc. – slide 16
    DJ Basin High Density Spacing Program Early results look positive in multiple IDP areas Base Plans Assume 16 Wells per WY NE Section in Oil Window East Pony CO - 5 wells online (32 wells/sec) Various well patterns across Niobrara…
  17. Investor Handout – Noble Energy, Inc. – slide 17
    DJ Basin Infrastructure Infrastructure build-out supporting growth Natural Gas Processing Expansion Gas Midstream Infrastructure and Optimization DCPs Lucerne-2 facility planned online in 2Q 2015 (200 MMcf/d) DCP system expands to…
  18. Investor Handout – Noble Energy, Inc. – slide 18
    Marcellus Shale Leading, low-cost U.S. natural gas basin Substantial Position in SW Marcellus 350,000 net acres in southwest fairway 88% NRI enhances returns Leases largely held by existing production Net Risked Resources* of 15…
  19. Investor Handout – Noble Energy, Inc. – slide 19
    Marcellus 2015 Operations Focus JV on optimal capital allocation JV Currently Producing Approximately 1 Bcfe/d, Gross OH PA Approximately 200% increase over last 2 years Operated Program Emphasis on Liquid-Rich Majorsville Area…
  20. Investor Handout – Noble Energy, Inc. – slide 20
    Marcellus RSCS Outperformance Enhanced completions delivering 30% improvement Reduced Stage and Cluster Spacing Percent RSCS Outperformance (RSCS) Enhancing All Wet Gas Areas 75 Versus Non-RSCS Average Majorsville, Oxford,…
  21. Investor Handout – Noble Energy, Inc. – slide 21
    Marcellus Marketing Summary Expanding capacity and pricing points Diversified Access to Local and MMcf/d Total Firm Sales and Transportation Regional Markets 800 600 Balanced Blend of Established 400 Firm Sales and Transportation…
  22. Investor Handout – Noble Energy, Inc. – slide 22
    CONE Midstream Partners LP Overview Monetizing midstream value Marcellus Gathering MLP Jointly owned by NBL and CNX Material acreage dedication from sponsors Substantial pipeline and compression facilities CNNX IPO in September…
  23. Investor Handout – Noble Energy, Inc. – slide 23
    Gulf of Mexico Sustained value creation with visibility for significant growth Proven Track Record of Success Leading-edge technology with disciplined processes NBL Interests Louisiana Producing Swordfish Exploration Successes…
  24. Investor Handout – Noble Energy, Inc. – slide 24
    Rio Grande Development (Big Bend and Dantzler) Near-term major project impact to NBL Total Gross Resources of NBL Interests Infrastructure 140 240 MMBoe Discovery NBL operated Mississippi Canyon 698, 782 Big Bend 54% WI…
  25. Investor Handout – Noble Energy, Inc. – slide 25
    Gunflint Development Optimized plan with existing infrastructure NBL Operated with 31% WI Mississippi Canyon 948, 992 Primarily oil development 23 mile subsea tie-back Initial Development Based on Gross 4,100 - 6,100 ft. water…
  26. Investor Handout – Noble Energy, Inc. – slide 26
    West Africa Leveraging expertise and experience in Africa Unique Approach to Creating Value Liquids and gas monetization with LPG, LNG and Methanol Maximizing and Sustaining Current Production Alba Field 34% WI Relatively low…
  27. Investor Handout – Noble Energy, Inc. – slide 27
    Cameroon Cheetah Prospect Initial Cretaceous oil prospect in Douala Basin Gross Mean Resources in Excess of 100 MMBoe WI 47%, NRI 35% NBL Interests Exploration Well Summary Discovery Water depth: 85 ft. YoYo License 50% WI…
  28. Investor Handout – Noble Energy, Inc. – slide 28
    Eastern Mediterranean World-class discoveries with world-class opportunities Over 40 Tcf Gross Resources Discovered Cyprus Cyprus 70% WI 70% WI Outstanding Operational Performance from Tamar Tamar 36% WI Averaging 750 MMcf/d…
  29. Investor Handout – Noble Energy, Inc. – slide 29
    10 Tcf Tamar Field Supplying growing domestic and regional demand Outstanding Operational Performance Near 100% facility uptime Current deliverability capacity of over 1 Bcf/d Averaged 750 MMcf/d since startup 200 MMcf/d Onshore…
  30. Investor Handout – Noble Energy, Inc. – slide 30
    Market Export Opportunities Israel and Cyprus Over 20 Tcf available for export Gross Export Initial Regional Pipeline LOIs Signed Resource Export % (Tcf) Volume (Tcf) Tamar Union Fenosa Gas 440 MMcf/d total 2.5 Tcf Tamar 10 50%…
  31. Investor Handout – Noble Energy, Inc. – slide 31
    22 Tcf Leviathan Field Huge potential for Israel and NBL Largest Natural Gas Discovery in the World in 2010 NBL operated, 40% WI Potential Second Source of Natural Gas for Domestic Consumption Meet growing demand and conversion to…
  32. Investor Handout – Noble Energy, Inc. – slide 32
    Global Exploration Program Designed to deliver long-term value Track Record of Success in Proven BBoe Cumulative Discovered Resource and Frontier Areas Over 3 BBoe Net Recognized as a top explorer 3 Created core areas in Douala…
  33. Investor Handout – Noble Energy, Inc. – slide 33
    U.S. Onshore NE Nevada Large-scale organic exploration opportunity NBL Operated NBL Interests 372,000 gross acres, 66% fee 3D Surveys Play Characteristics Area Designation Area 3 Marys River Depth range 6,000 - 12,000 ft. 1…
  34. Investor Handout – Noble Energy, Inc. – slide 34
    Falkland Islands New frontier with multiple play types 10 MM Gross Acres Covering Three Sub-basins Operated with 35% WI NBL Interests 3D Seismic Volunteer Sub-Basin Multi-billion barrel gross unrisked Basin Floor Fan resource…
  35. Investor Handout – Noble Energy, Inc. – slide 35
    2015 Strategy and Messages Maintain financial strength and flexibility Leverage Benefits of a Well-Positioned, Diversified Portfolio Premier, low-cost base with optionality Protect Balance Sheet and Financial Liquidity Disciplined…
  36. Investor Handout – Noble Energy, Inc. – slide 36
    2015 Annual Guidance 2014 Actual 2015 Estimate Sales Volumes (MBoe/d) 298 / 291* 295 - 315 Product Mix (Oil / Gas / NGL) 35% / 56% / 9% 34% / 57% / 9% Capital (B) 4.9 2.9 Equity Investment Income (MM) 170 85 - 115 Lease…
  37. Investor Handout – Noble Energy, Inc. – slide 37
    Appendix 37 NBL
  38. Investor Handout – Noble Energy, Inc. – slide 38
    Defined Terms Term Definition Liquidity Cash and unused revolver capacity Estimated gross resources multiplied by the probability of geologic success and NBLs net revenue Net Risked Resources interest Peers Investment Grade APA,…
  39. Investor Handout – Noble Energy, Inc. – slide 39
    Energizing the World, Bettering Peoples Lives

From the store

Browse maps, data & reports in the Shale Experts store