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Noble Energy, Inc.

Company Summary

Description

Noble Energy (NYSE:NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents.

Website

http://www.nobleenergyinc.com/careers/overview-54....

Operational Regions

  • Eagle Ford
  • Permian Basin
  • DJ Basin
  • Marcellus Shale
  • Delaware Basin
  • Gulf of Mexico
  • West Africa
  • Mediterranean

Financial Data:

NYSE:NBL from Google Finance

Tickers:

  • NBL - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: EPIC Crude Pipeline
Firm Commitment: 100 M Bbls/d

Project: Leach Xpress
Firm Commitment: 200 Mmcf/d

Project: NEXUS Gas Transmission
Firm Commitment: 75,000 Dth/d

Recent news

  • 10/9/2020 - Chevron Suspends Gas... (subscriber access)
  • 10/5/2020 - Chevron Closes On Merger... (subscriber access)
  • 9/25/2020 - Leviathan Partners to... (subscriber access)
  • 9/1/2020 - Chevron Remains... (subscriber access)
  • 7/20/2020 - Chevron to Acquire Noble... (subscriber access)

Investor Presentations

  • 1Q20 Earnings Presentation
  • 4Q19 Earnings Presentation (subscriber access)
  • 3Q19 Earnings Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • 2Q18 Investor Supplemental Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Supplemental Presentation (subscriber access)
  • February 2018 - Multi-year Outlook Slides (subscriber access)
  • Fourth Quarter 2017 Supplemental Slides (subscriber access)
  • Third Quarter 2017 Supplement (subscriber access)
  • 2Q17 Supplemental Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • Fourth Quarter 2016 Results and 2017 Guidance (subscriber access)
  • Long Term Outlook (subscriber access)
  • 3rd Quarter 2016 Earnings Presentation (subscriber access)
  • September 2016 Johnson Rice Energy Conference (subscriber access)
  • UBS Global Oil & Gas Conference - May 2016 (subscriber access)
  • 1Q16 Investor Presentation (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

DETAILS:

COST: 5 $B

NOTES:
Chevron has entered into an all-stock deal to acquire Noble Energy for $5 billion, equating to a $10.38/share valuation. The total enterprise value of the deal is $13 billion, including debt. Chevron will issue 58 million shares of stock to Noble in the deal (3% of the company), with closing targeted for the fourth quarter of 2020.
REGIONS:
  • Permian Basin
  • DJ Basin
  • Eagle Ford
  • Mediterranean
  • Africa
  • Date: 3/14/2019
    Type: Acquisition

    DETAILS:

    COST: 132 $MM

    ACRES: 13000 Acres

    REGIONS:
  • Permian Basin
  • Date: 2/15/2019
    Type: Acquisition

    ASSETS:
  • EMG Pipeline
  • DETAILS:

    COST: 200 $MM

    NOTES:
    Noble will be acquiring a 39% stake in Eastern Mediterranean Gas Company, which owns the EMG Pipeline that connects the Israel pipeline network to the Egyptian pipeline network. This will grant Noble an indirect 10% stake in that pipeline and Noble plans to enter into a subsequent deal to allow them to operate the system and have access to its full capacity.
    REGIONS:
  • Mediterranean
  • Date: 6/30/2018
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
  • DETAILS:

    COST: 568 $MM

    VOLUMES: 1.6 MBOE/d

    ACRES: 30200 Acres

    NOTES:
    The second portion will include operated producing properties with current production of 1.6 Mboe/d and it will close in mid-2018 for $568 million.
    REGIONS:
  • DJ Basin
  • Date: 4/12/2018
    Type: Acquisition

    DETAILS:

    COST: 710 $MM

    VOLUMES: 20

    NOTES:
    Fieldwood will pay $480 million in cash and assume all abandonment obligations, valued at $230 million. Fieldwood will also pay $100 million through 2022 in contingent payments when LLS prices exceed $63/bbl.
    REGIONS:
  • Gulf of Mexico
  • Date: 3/14/2018
    Type: Acquisition

    BUYERS:
  • Tamar Petroleum
  • DETAILS:

    COST: 800 $MM

    VOLUMES: 32 Mmcf/d

    NOTES:
    Noble Energy has entered into a deal to sell a 7.5% stake in the Tamar Field located in offshore Israel to Tamar Petroleum.
    REGIONS:
  • Mediterranean
  • Date: 2/15/2018
    Type: Acquisition

    REGIONS:
  • Appalachia
  • Marcellus Shale
  • Utica
  • Date: 12/31/2017
    Type: Acquisition

    DETAILS:

    ACRES: 700000 Acres

    NOTES:
    In the fourth quarter, the company added a non-operated working interest in four exploration parcels offshore Newfoundland, Canada. The net position totals nearly 700,000 acres in the Labrador Sea. The Company expects to focus on seismic acquisition and evaluation over the next three to five years.
    REGIONS:
  • Offshore Canada
  • Date: 12/31/2017
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
  • DETAILS:

    COST: 40 $MM

    VOLUMES: 2.5 MBOE/d

    NOTES:
    The first portion of the sale will be made for $40 million in December 2017 and it includes undeveloped land and 2.5 Mboe/d in non-operated production.
    REGIONS:
  • DJ Basin
  • Date: 11/28/2017
    Type: Acquisition

    DETAILS:

    COST: 340 $MM

    VOLUMES: 2.6 MBOE/d

    NOTES:
    The assets include 140,000 net mineral acres, 380,000 acres of non-participating royalty interests and 600,000 acres of overriding royalty interests spread over 20 states.
    REGIONS:
  • United States
  • Permian Basin
  • Delaware Basin
  • Midland Basin
  • Powder River Basin
  • SCOOP
  • Date: 9/30/2017
    Type: Acquisition

    REGIONS:
  • Marcellus Shale
  • Date: 6/30/2017
    Type: Acquisition

    NOTES:
    Noble Midstream has entered into a deal with Noble Energy to acquire an additional 20% interest in Colorado River DevCo and an additional 15% interest in Blanco River DevCo for $270 million. Noble Energy will retain a 60% interest in Blanco River DevCo while Noble Midstream will own 100% of Colorado River DevCo.
    REGIONS:
  • DJ Basin
  • Delaware Basin
  • Date: 6/29/2017
    Type: Acquisition

    DETAILS:

    COST: 1.225 $B

    VOLUMES: 415 Mmcfe/d

    ACRES: 385000 Acres

    REGIONS:
  • Marcellus Shale
  • Appalachia
  • Date: 5/1/2017
    Type: Acquisition

    DETAILS:

    COST: 3.2 $B

    VOLUMES: 10 MBOE/d

    ACRES: 171000 Acres

    NOTES:
    Noble Energy has entered into a deal to acquire all outstanding stock of Clayton Williams Energy for $3.2 billion in value. In total, Clayton Williams will receive 55 million shares in Noble Energy stock and $665 million in cash and the assumption of $500 million in debt.
    REGIONS:
  • Permian Basin
  • Delaware Basin
  • Date: 1/9/2017
    Type: Acquisition

    DETAILS:

    COST: 300 $MM

    VOLUMES: 2.4 MBOE/d

    ACRES: 7200 Acres

    REGIONS:
  • Delaware Basin
  • Date: 11/15/2016
    Type: Joint Venture

    DETAILS:

    COST: 205 $MM

    NOTES:
    Noble & CONSOL are splitting from the Joint-Venture that was entered into in 2011. CONSOL's Post-Split Position: - 306,000 net acres, primarily in Pennsylvania - 620 MMcfe/d of production Noble's Post-Split Position: - 363,000 net acres, primarily in West Virginia - 450 MMcfe/d of production
    REGIONS:
  • Marcellus Shale
  • Date: 6/14/2016
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
  • DETAILS:

    COST: 505 $MM

    VOLUMES: 2.4 MBOE/d

    ACRES: 33100 Acres

    REGIONS:
  • Wattenberg Field
  • DJ Basin