21 st Credit Suisse Energy Summit
|
|
- Chad Price
- 5 years ago
- Views:
Transcription
1 21 st Credit Suisse Energy Summit February 2016 Energizing the World, Bettering People s Lives
2 Noble Energy s Strategy and Purpose Energizing the World, Bettering People s Lives Diversified Portfolio of High Quality, Low-Cost Assets Premier Basins U.S. Unconventional and Global Offshore Deep Inventory of Proved Reserves and Resources Investment Flexibility and Low Capital Intensity Proficient Organization and Capabilities Strong Financial Liquidity and Flexibility Onshore U.S. Drilling and Completion Innovation Offshore Exploration and Major Project Execution Total Cash Outflow Aligned to Cash Inflow $5 Billion Liquidity Portfolio Management Supports Delevering Driven by Corporate Values Commitment to Stakeholder Engagement Creating Positive Impact 2
3 Premier Global Operations High-Quality, Diversified Asset Base Balanced Mix of Geography and Commodity Exposure Exceptional investment optionality All Core Areas with Visible Long- Term Growth Potential Portfolio Provides High Capital Efficiency Reserves and 2016 Production Statistics 2015 Reserves 1.4 BBoe Marcellus Shale DJ Basin Eagle Ford & Delaware Gulf of Mexico Suriname Israel / Cyprus Equatorial Guinea / Cameroon Gabon 2016E Production Location 390 MBoe/d ~ 72% U.S. ~ 28% Int l ~ 45% Liquids Falkland Islands Composition ~ 35% U.S. Gas ~ 20% Int l Gas Core operating areas New ventures 3
4 2015 Key Accomplishments Delivered outstanding operational success and strategic execution 2015 Objectives 2015 Outcomes Capital Aligned with Cash Flow Plug 3Q15 and 4Q15 Capital Less than Generated Cash Flow Protect Balance Sheet and Financial Liquidity Maintained $5 Billion in Liquidity; Significantly Lower Controllable Unit Costs Enhance Visibility of Long-Term Value Unlocked DJ Basin Production; Executed GOM Major Projects; Israel Natural Gas Framework Retain Capacity to Capitalize on Market Conditions Expanded U.S. Unconventional Portfolio with New Core Assets in Eagle Ford and Delaware Basin 4 Record safety and volume performance
5 Aligning Capital and Cost with Environment Enhancing competitiveness for the future $MM 1, $/BOE $6.00 $5.50 $5.00 $4.50 $4.00 $3.50 $3.00 Capital and Cash Flow 1Q15 2Q15 3Q15 4Q15 Capital Discretionary Cash Flow * Lease Operating Expense E Activity Levels Reduced and Focused on Highest Return Areas DJ Basin activity in Wells Ranch and East Pony IDPs with lowest costs and longer lateral lengths Suspended Marcellus drilling for the foreseeable future DCF Exceeded Capital for Second Quarter in a Row 4Q15 lowest quarterly capital of the year Unit Operating Costs Driven to Lowest Level in Last 8 Years LOE/BOE down more than 20% from * Non-GAAP reconciliation to GAAP measure available in respective earnings release Note: Texas assets included as of July 20, 2015.
6 Robust Financial Position 2016 plans focused on maintaining financial strength $5 Billion of Liquidity 1 Debt-to-Capital 40%; Well Below 65% Covenant Level Hedge Value Approximately $700 MM 3 38% of global oil and 26% of U.S. gas volumes $200 MM Proceeds in 1Q16 for Non- Producing Eastern Med. Assets Dividend Adjustment and Debt Refinancing Up to $200 MM annual cash benefit Term loan provides deleveraging flexibility $ MM 4,000 3,000 2,000 1,000 0 Well Managed Maturity Profile Bonds Term Loan 6 1 Liquidity defined as cash on hand plus unused credit capacity. 2 Adjusted for impairments to reflect debt facility calculation 3 Based on forward strip pricing as of January 25, 2016
7 Key 2016 Goals and Objectives Strengthen financial position and maintain capacity for long-term value Protect the Balance Sheet Disciplined and flexible investment plan Ensure Total Cash Inflows Match or Exceed Total Cash Outflows Capex program estimated at $1.5 billion, 50% lower than 2015 pro-forma Average sales expected at 390 MBoe/d, up 10% from 2015 reported and flat pro-forma Maintain Company Capabilities and Build Long-Term Optionality Leverage Benefits of a Well-positioned and Diversified Portfolio Optimize Returns With Enhanced Completions in Best Areas and Targeted Cost Reductions Portfolio Proceeds Become Opportunities for De-Levering 7
8 $1.5 Billion 2016 Capital Program Disciplined and prudent investment approach Represents a 50% Reduction to 2015 Program While Maintaining Agility and Flexibility Majority of asset positions held by production Limited committed capital U.S. Onshore: Focus On Best Return Areas and Maximize Use of Existing Infrastructure Progress Existing Major Projects Gunflint project complete mid-2016 Alba compression project completion Position for EMED FID Exploration Focused on U.S. GOM Drilling and Int l Seismic Silvergate prospect and Katmai appraisal GOM Program Focus on Gunflint development, Katmai appraisal, Silvergate prospect DJ Basin Texas Marcellus GOM EMed West Africa Other $1.5 Billion Capex 390 MBoe/d Volumes Marcellus Program Activity limited to working down a portion of DUC inventory in dry gas area DJ Basin Program Focus on Wells Ranch and East Pony IDPs Texas Program Eagle Ford development drilling in Gates Ranch and Delaware appraisal 8
9 9 Onshore U.S. Unconventional Operations Integrate learnings between basins to unlock resource value Significant Positions in Four Premier, Low-Cost U.S Basins Leveraging Core Competencies to Deliver Material Capital Efficiencies Drilling time reductions Completion enhancement techniques Infrastructure strategy Disciplined Capital Allocation Focus on best value opportunities Onshore Lease Operating Expense $/BOE $6.50 $5.50 $4.50 $3.50 $ E 2016 Activity Capital: ~ $1 Bn Spud ~115 Wells TIL ~ 210 Wells 2015 Production ~ 255 MBoe/d PF
10 DJ Basin Focus on Wells Ranch and East Pony Highest value areas and leveraging existing infrastructure Operating Two Drilling Rigs During lateral length average of 7,600 up materially from 2015 Realizing Normalized Costs for Long Laterals Under $3 MM in Wells Ranch Drilling costs per lateral foot down 40% from Capital Spend is ~$600 MM Drill 155, TIL 205 equivalent wells Approximately 35% Volume Growth in Wells Ranch and East Pony in 2015 Wells Ranch East Pony Noble Acreage 2016 Development 10
11 Enhancing DJ Completions in Wells Ranch and East Pony New completion designs focus on higher proppant and slickwater Advanced Completions with Higher Proppant Concentration Testing range of 1,100-1,800 pounds per foot Early Results Encouraging 20%+ initial production uplift versus standard slickwater with flattened decline observed Capitally efficient design as volume uplift exceeds incremental cost Cum. MBoe 2015 Actuals w/ Enhanced Proppant (~1,100 1,800 pounds per lateral ft.) 150-day avg Boe/d 2015 Actuals w/ Standard Proppant (~700 pounds per lateral ft.) 150-day avg. 375 Boe/d Enhanced Slickwater Design Standard for 2016 Program Majority of 2016 program focused on Wells Ranch long laterals Note: Normalized to 4,500 laterals and gross three-stream volumes. 11
12 Delaware Basin Operated Program NBL s Initial Completions Anticipated in Early 2016 Testing slickwater and hybrid gel completion designs 2016 activity 13 new drills and 10 TILs Focused on Wolfcamp A Delineated Core Position 45,000 contiguous acreage position Average WI 72% Production mix: 71% oil, 12% NGL and 17% gas Stacked pay potential Appraisal program underway 12 Previous Drilling and Nearby Competitor Well Results Validate Tier 1 Position Noble s First Completions Noble Acreage
13 Impressive Results In the Eagle Ford New completion designs ahead of expected performance NBL Drilling and Completing Some of the Most Productive Wells in the Eagle Ford Combination of tier-1 acreage with NBL enhanced completions Drilling times materially reduced Very Encouraging Well Results on Tighter Lateral Spacing 500 foot lateral spacing results outperforming wider spacing type curve 2016 Plan Focused on Gates Ranch and Testing Enhanced Completions in New Areas 2016 activity Drill 13 wells, TILs 24 Eagle Ford Production Mix: 22% Oil, 38% NGL and 40% Gas Cum. MBoe S. Gates Ranch Lower Eagle Ford Performance Days on Production Note: Normalized to 5,000 lateral and gross three-stream volumes. Avg. of 2 Wells at 500' Spacing Avg. of 3 Wells at 1,000' Spacing NBL 3MMBoe Type Curve 13
14 Gulf of Mexico Program Sustained value creation with visibility for significant growth Leveraging Benefits of New Project Startups 2016 sales volumes nearly double % reduction in capital versus 2015 Louisiana Galapagos 26% Avg WI Swordfish 85% WI Gunflint Oil Development Planned for Mid-2016 Startup NBL Interests Producing Silvergate 50% WI Two-well subsea tieback Silvergate Drilling Ongoing Gross mean resource of between MMBoe Under development Discovery Exploration Katmai 50% WI Gunflint 31% WI Dantzler 45% WI Big Bend 54% WI Troubadour 60% WI Middle Miocene oil target Katmai Appraisal Ticonderoga 50% WI Discovered MMBoe, testing upside to 100 MMBoe total gross resources 14
15 Deepwater Major Projects Proven track record of exploration and development success Leading-edge Technology with Disciplined Processes Short Discovery to Production Cycle Times; Delivered Within Budget Integrated approach including exploration, appraisal, and development teams Leveraging existing third-party infrastructure; Big Bend and Dantzler online in 3 and 2 years from discovery Favorable Cash Operating Margins Primarily oil development Attractive cost structure High per-well deliverability Discovery Rio Grande Big Bend Dantzler 15 Gunflint Sanction First Oil
16 West Africa Operations Alba Compression Installation in First Half 2016 Increases flow of gas; primarily condensate to onshore facilities Extends the economic life of the field Substantial cash-flow with material upside 16 Maximizing and Sustaining Current Production Relatively low declines at Alba and Aseng Recent production enhancements at Alen 3D Seismic Processing of Blocks O and I Offshore Equatorial Guinea is Underway Beginning Gabon Seismic Acquisition Equatorial Guinea Methanol Plant 45% WI LPG Plant 28% WI Bioko Island NBL Interests Producing Discovery Exploration Alba Field 34% WI Aseng 40% WI Alen 45% WI Cameroon YoYo License 50% WI Tilapia PSC 47% WI
17 Eastern Mediterranean Strategic assets positioned to meet regional market demand Tamar Performance Continues to Exceed Expectations 2015 average daily production of ~800 MMcf/d Average uptime of 99% Government of Israel Implemented Natural Gas Framework Provides regulatory clarity and stability to progress with Leviathan/Tamar development 2016 efforts focused on securing gas sales contracts, development concept selection and contracting Monetization of Non-Producing Assets of ~$200 MM Cyprus farm out to BG Tanin and Karish sale Cyprus 35% WI Producing Discovery Leviathan 40% WI NBL Interests AOT 47% WI Tamar 36% WI Tamar SW 36% WI Tel Aviv Egypt Ashdod Israel 17
18 Eastern Mediterranean Gas Opportunities Current and expected demand far exceeds supply Significant Regional Export Potential 4 Bcf/d deficit growing to 9 Bcf/d led by Jordan, Egypt and Turkey demand Robust and Increasing Israel Demand Potential expansion of natural gas usage in power generation and industrial sectors Marketing Leviathan gas in Israel Progressing Projects to FID Late 2016 Securing gas contracts to anchor development Finalizing and costing technical designs Obtaining project financing Maturing Options for Leviathan Development Including FPSO and Fixed-Platform Concepts Match capital and first gas sales with timing of demand Potential to accelerate production Lower pre-production capital 18
19 Noble Energy Beyond 2016 Keys to Success: As the energy world continues to evolve Remain Flexible and Agile Continue Operational Execution and Financial Strength Maintain High Quality Diversified Portfolio that Provides Investment Choices Leverage Exploration and Major Project Capabilities 19
20 Forward-looking Statements and Other Matters This presentation contains certain forward-looking statements within the meaning of the federal securities law. Words such as anticipates, believes, expects, intends, will, should, may, estimate, and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Noble Energy s current views about future events. They include estimates of oil and natural gas reserves and resources, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this presentation will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy s business that are discussed in its most recent Form 10-K and in other reports on file with the Securities and Exchange Commission ( SEC ). These reports are also available from Noble Energy s offices or website, Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Noble Energy does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change. The SEC requires oil and gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. The SEC permits the optional disclosure of probable and possible reserves, however, we have not disclosed our probable and possible reserves in our filings with the SEC. We use certain terms in this presentation, such as MMBoe type curve. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually realized. The SEC guidelines strictly prohibit us from including these estimates in filings with the SEC. Investors are urged to consider closely the disclosures and risk factors in our most recent Form 10-K and in other reports on file with the SEC, available from Noble Energy s offices or website, This presentation also contains certain historical non-gaap measures of financial performance that management believes are good tools for internal use and the investment community in evaluating Noble Energy s overall financial performance. These non-gaap measures are broadly used to value and compare companies in the crude oil and natural gas industry. Please see the Noble Energy s respective earnings release for reconciliations of the differences between any historical non-gaap measures used in this presentation and the most directly comparable GAAP financial measures. 20
21 21 st Credit Suisse Energy Summit February 2016 Energizing the World, Bettering People s Lives
Investor Handout. May Energizing the World, Bettering People s Lives
Investor Handout May 2016 Energizing the World, Bettering People s Lives Noble Energy s Strategy and Purpose Diversified Portfolio of High Quality, Low-Cost Assets Energizing the World, Bettering People
More informationInvestor Handout. June Energizing the World, Bettering People s Lives
Investor Handout June 2016 Energizing the World, Bettering People s Lives Navigating the Cycle From a Position of Strength Four differentiated keys to success Diverse Yet Focused Portfolio By Commodity,
More informationJohnson Rice Energy Conference October 2013
Johnson Rice Energy Conference October 2013 2 Noble Energy Differential company with differential results 3 2013 Highlights and Messages Strong operational momentum Delivering Robust Production Growth
More informationThird Quarter 2017 Supplement. October 2017 NBL
Third Quarter 2017 Supplement October 2017 3Q17 KEY HIGHLIGHTS Solid and differential operational execution Volumes Significantly Exceeding Original Expectations Volumes of 355 MBoe/d, 10 MBoe/d above
More informationThird Quarter Supplement November 2018
Third Quarter Supplement November 2018 3Q Key Highlights Strong operational performance and advancing shareholder return initiatives Record USO liquids volumes 172 MBbl/d led by Delaware and DJ Basin growth
More informationSecond Quarter 2013 Supplemental Information
Second Quarter 2013 Supplemental Information Forward-looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning of the safe harbor provisions
More information2017 UBS GLOBAL OIL & GAS CONFERENCE. May 2017
2017 UBS GLOBAL OIL & GAS CONFERENCE May 2017 NOBLE ENERGY INVESTMENT THESIS Best assets, best execution, best results Industry-leading Well Performance in Premier U.S. Onshore Basins 4.5 BBoe net unrisked
More informationNoble Energy Announces Second Quarter 2013 Results
July 25, 2013 Noble Energy Announces Second Quarter 2013 Results HOUSTON, July 25, 2013 /PRNewswire/ -- (NYSE:NBL) announced today second quarter 2013 net income of $377 million, or $1.04 per diluted share,
More informationTHIRD QUARTER 2016 SUPPLEMENTAL INFORMATION. Energizing the World, Bettering People s Lives
THIRD QUARTER 2016 SUPPLEMENTAL INFORMATION Energizing the World, Bettering People s Lives 3Q16 Key Messages and Highlights Operational records and leading execution across the business Third Quarter Sales
More informationSecond Quarter 2017 Supplement. August 2017 NBL
Second Quarter 2017 Supplement August 2017 2Q17 KEY HIGHLIGHTS Executing to plan while delivering significant strategic objectives Volumes and Costs In-line or Better than Guidance Volumes of 408 MBoe/d,
More informationJP Morgan Energy Equity Conference. June 2017
JP Morgan Energy Equity Conference June 2017 NOBLE ENERGY INVESTMENT THESIS Best assets, best execution, best results Industry-leading Well Performance in Premier U.S. Onshore Basins 4.5 BBoe net unrisked
More informationHoward Weil 41 st Annual Energy Conference March Charles Davidson Chairman, CEO Noble Energy
Howard Weil 41 st Annual Energy Conference March 2013 Charles Davidson Chairman, CEO Noble Energy Forward-looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements
More informationLeviathan Sanction. February 23, 2017
Leviathan Sanction February 23, 2017 Leviathan Project Sanction Highlights First Gas Targeted for the End of 2019 Exceptional quality project with decades of potential Initial capacity of 1.2 Bcf/d, future
More informationMulti-year Outlook February 2018
Multi-year Outlook February 218 Strategy to Enhance Value Blueprint to delivering leading total shareholder returns Peer-leading Cash Flow Per Debt-adjusted Share Growth........................................................................................
More informationJefferies Energy Conference
Jefferies Energy Conference Dave Stover Chairman, President and CEO November 30, 2016 Noble Energy Substantial momentum in DJ, Delaware and EMED Robust Four Year Plan. 2016-2020E: U.S. onshore oil grows
More informationNoble Energy Announces First Quarter 2012 Results
April 26, 2012 Noble Energy Announces First Quarter 2012 Results HOUSTON, April 26, 2012 /PRNewswire/ -- (NYSE: NBL) reported today first quarter 2012 net income of $263 million, or $1.47 per share diluted,
More informationWells Fargo Pipeline, MLP and Utility Symposium
Wells Fargo Pipeline, MLP and Utility Symposium December 6 & 7, 2016 2 Forward Looking Statements and Non-GAAP Measures This presentation contains certain forward-looking statements within the meaning
More informationBank of America Merrill Lynch 2018 Global Energy Conference. November 2018
Bank of America Merrill Lynch 2018 Global Energy Conference November 2018 Strategy to Enhance Value Blueprint to deliver leading total shareholder returns Peer-leading Cash Flow Per Debt-adjusted Share
More information2009 Credit Suisse Energy Summit February 2-6, 2009
2009 Credit Suisse Energy Summit February 2-6, 2009 Noble Energy Focused on long-term value creation Run a Diversified Portfolio of Assets Multiple plays and markets Able to self fund reinvestment opportunities
More informationNoble Energy Announces First Quarter 2018 Results
Noble Energy Announces First Quarter 2018 Results May 1, 2018 HOUSTON, May 01, 2018 (GLOBE NEWSWIRE) -- (NYSE:NBL) ( Noble Energy or the "Company ) today announced first quarter 2018 financial and operating
More informationNoble Energy Announces First Quarter 2011 Results
April 28, 2011 Noble Energy Announces First Quarter 2011 Results HOUSTON, April 28, 2011 /PRNewswire/ -- (NYSE: NBL) reported today first quarter 2011 net income of $14 million, or $0.08 per share diluted,
More informationwe can see the results.
Noble Energy, Inc. 2011 Annual Report Now we can see the results. At Noble Energy, Inc., our broad-based operations include the exploration, development and production of crude oil and natural gas in the
More informationBANK OF AMERICA MERRILL LYNCH 2016 GLOBAL ENERGY CONFERENCE
INVESTOR RELATIONS ROBIN FIELDER Vice President 832 636 1462 PETE ZAGRZECKI Director 832 636 7727 JIM GRANT Director 832 636 8320 BANK OF AMERICA MERRILL LYNCH 2016 GLOBAL ENERGY CONFERENCE Al Walker Chairman,
More informationNOBLE ENERGY INC FORM 10-Q. (Quarterly Report) Filed 05/05/15 for the Period Ending 03/31/15
NOBLE ENERGY INC FORM 10-Q (Quarterly Report) Filed 05/05/15 for the Period Ending 03/31/15 Address 1001 NOBLE ENERGY WAY HOUSTON, TX 77070 Telephone 2818723100 CIK 0000072207 Symbol NBL SIC Code 1311
More informationInvestor Handout May 2018
Investor Handout May 2018 Strategy to Enhance Value Blueprint to delivering leading total shareholder returns Peer-leading Cash Flow Per Debt-adjusted Share Growth........................................................................................
More informationNOBLE ENERGY INC FORM 8-K. (Current report filing) Filed 02/20/18 for the Period Ending 02/15/18
NOBLE ENERGY INC FORM 8-K (Current report filing) Filed 02/20/18 for the Period Ending 02/15/18 Address 1001 NOBLE ENERGY WAY HOUSTON, TX, 77070 Telephone 2818723100 CIK 0000072207 Symbol NBL SIC Code
More information2007 Credit Suisse Energy Summit. February 5 9, 2007
2007 Credit Suisse Energy Summit February 5 9, 2007 Noble Energy Well Positioned For The Current Environment High Production Growth From Organic Projects Exploration Directed Towards Significant Resources
More informationEnerCom Dallas Rick Muncrief, Chairman & CEO March 1, 2017
EnerCom Dallas 2017 Rick Muncrief, Chairman & CEO March 1, 2017 Bias for Action (MAY 2014 MAY 2016) WE BUILT A BRAND NEW COMPANY 2 WPX s Portfolio PRODUCT MIX DELAWARE WELL ECONOMICS Flat $54.09 Oil and
More informationUBS GLOBAL OIL AND GAS CONFERENCE MAY 19-22, 2014
UBS GLOBAL OIL AND GAS CONFERENCE MAY 19-22, 2014 FORWARD-LOOKING STATEMENTS Certain statements in this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities
More informationFORWARD-LOOKING STATEMENTS
05.24.2018 FORWARD-LOOKING STATEMENTS Certain statements in this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
More informationFOURTH QUARTER Financial and Operational Review. February 15, 2017
FOURTH QUARTER 216 Financial and Operational Review February 15, 217 Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation)
More informationJefferies 2012 Global Energy Conference
Jefferies 2012 Global Energy Conference November 29, 2012 Forward Looking Statement The material included herein which is not historical fact constitutes forward-looking statements within the meaning of
More informationAcquisition of Clayton Williams Energy, Inc. January 2017
Acquisition of Clayton Williams Energy, Inc. January 217 Forward-Looking Statements and Other Matters This presentation contains certain forward-looking statements within the meaning of federal securities
More informationScotia Howard Weil Energy Conference
Scotia Howard Weil Energy Conference March 21, 2016 NYSE: DVN devonenergy.com Investor Contacts & Notices Investor Relations Contacts Howard J. Thill, Senior Vice President, Communications & Investor Relations
More informationSupplemental Earnings Information
Supplemental Earnings Information Fourth Quarter 2017 OPERATING RESULTS 1 Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity $ In Millions, Except
More informationHess Corporation BANK OF AMERICA MERRILL LYNCH GLOBAL ENERGY CONFERENCE
Hess Corporation BANK OF AMERICA MERRILL LYNCH GLOBAL ENERGY CONFERENCE November 16, 2017 Forward-Looking Statements and Other Information This presentation contains projections and other forward-looking
More informationCredit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN
Credit Suisse 24 th Annual Energy Summit Bill Way, President and CEO NYSE: SWN Forward-Looking Statements This presentation contains forward-looking statements. Forward-looking statements relate to future
More informationScotia Howard Weil 2017 Energy Conference. Rick Muncrief, Chairman & CEO March 27, 2017
Scotia Howard Weil 2017 Energy Conference Rick Muncrief, Chairman & CEO March 27, 2017 WPX s Portfolio PRODUCT MIX DELAWARE WELL ECONOMICS Flat $54.09 Oil and $2.91 Gas 1 16% NGL 30% GAS DELAWARE LONG
More informationIPAA Oil & Gas Investment Symposium Presentation April 13, :35 p.m.
IPAA Oil & Gas Investment Symposium Presentation April 13, 2011 1:35 p.m. Overview of Operations Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Ticker: UNT / NYSE
More informationCONE Midstream Partners LP. Capital Link MLP Investing Forum March 5, 2015
CONE Midstream Partners LP Capital Link MLP Investing Forum March 5, 2015 Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities
More informationJefferies 5 th Annual Global Energy Conference
INVESTOR RELATIONS John Colglazier Senior Vice President 832/636-2306 Robin Fielder Director 832/636-1462 Jeremy Smith Director 832/636-1544 EAGLEFORD SHALE, TEXAS Jefferies 5 th Annual Global Energy Conference
More informationJefferies 2012 Global Energy Conference November 2012 Matt Fox EVP, Exploration and Production
Jefferies 2012 Global Energy Conference November 2012 Matt Fox EVP, Exploration and Production Cautionary Statement The following presentation includes forward-looking statements. These statements relate
More information2015 Plan. Operations
2015 Plan Maintained Oil Production Guidance Lowered Capex Guidance by $200 Million Lowered LOE, G&A and Transportation Expense Guidance Increased Year-End Uncompleted Net Well Forecast to 320 from 285
More informationJP MORGAN 2017 ENERGY CONFERENCE
INVESTOR RELATIONS ROBIN FIELDER Vice President 832 636 1462 PETE ZAGRZECKI Director 832 636 7727 NYSE: APC WWW.ANADARKO.COM JP MORGAN 2017 ENERGY CONFERENCE Bob Gwin EVP, Finance & CFO June 27, 2017 Cautionary
More informationNOBLE ENERGY INC FORM 8-K. (Current report filing) Filed 05/02/06 for the Period Ending 05/02/06
NOBLE ENERGY INC FORM 8-K (Current report filing) Filed 05/02/06 for the Period Ending 05/02/06 Address 100 GLENBOROUGH SUITE 100 HOUSTON, TX 77067 Telephone 2818723100 CIK 0000072207 Symbol NBL SIC Code
More informationSupplemental Earnings Information
Supplemental Earnings Information First Quarter 2018 OPERATING RESULTS 1 Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity $ In Millions, Except
More informationBank of America Merrill Lynch 2014 Global Energy Conference
INVESTOR RELATIONS John Colglazier Senior Vice President 832/636-2306 Robin Fielder Director 832/636-1462 Jeremy Smith Director 832/636-1544 Bank of America Merrill Lynch 2014 Global Energy Conference
More information2017 Permian Basin Acquisition. July 26, 2017
2017 Permian Basin Acquisition July 26, 2017 Forward Looking Statements & Non GAAP Financial Measures This presentation includes forward looking statements within the meaning of Section 27A of the Securities
More informationNoble Energy NEUTRAL ZACKS CONSENSUS ESTIMATES (NBL-NYSE) SUMMARY
November 18, 2014 Noble Energy (NBL-NYSE) Current Recommendation Prior Recommendation NEUTRAL Underperform Date of Last Change 04/03/2014 Current Price (11/17/14) $54.71 Target Price $57.00 SUMMARY In
More informationCONE Midstream Partners LP. Citi 2015 MLP/Midstream Infrastructure Conference August 19-20, 2015
CONE Midstream Partners LP Citi 2015 MLP/Midstream Infrastructure Conference August 19-20, 2015 Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning
More information2016 Results and 2017 Outlook
2016 Results and 2017 Outlook March 2, 2017 Cautionary Statement Regarding Forward-Looking Statements This presentation includes certain forward-looking statements and projections of EP Energy. EP Energy
More informationFIRST-QUARTER 2016 EARNINGS SUPPLEMENT
05.05.2016 FIRST-QUARTER 2016 EARNINGS SUPPLEMENT NOTICE TO INVESTORS Certain statements in this earnings supplement contain "forward-looking statements" within the meaning of Section 27A of the Securities
More informationTHIRD-QUARTER 2018 FINANCIAL & OPERATIONAL SUPPLEMENT
THIRD-QUARTER 2018 FINANCIAL & OPERATIONAL SUPPLEMENT 1 NOTICE TO INVESTORS Certain statements in this earnings supplement contain "forward-looking statements" within the meaning of Section 27A of the
More information2014 Energy Summit. Credit Suisse. February JON CAPPON Investor Relations
2014 Energy Summit JON CAPPON Investor Relations 214.445.9669 jcappon@kosmosenergy.com Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of
More information3Q 2018 Earnings Presentation November 5, 2018 CRZO
3Q 2018 Earnings Presentation November 5, 2018 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, projections,
More informationCARRIZO OIL & GAS, INC. ANNOUNCES FIRST QUARTER RESULTS AND INCREASES 2016 PRODUCTION GUIDANCE
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 Kim Pinyopusarerk, Manager - Investor Relations (713) 358-6430 CARRIZO OIL & GAS, INC. ANNOUNCES FIRST QUARTER
More informationFourth Quarter Earnings Call
Fourth Quarter Earnings Call February 2018 Fourth Quarter and Full Year 2017 Results 2018 Guidance Extended and Enhanced Long-Term Outlook 2 Forward Looking Statements and Non-GAAP Measures This presentation
More informationHoward Weil Energy Conference
Howard Weil Energy Conference Brent Smolik Chairman, President and Chief Executive Officer EP Energy Corporation March 26, 2014 Forward Looking Statements This March 26, 2014 presentation includes certain
More information1Q 2018 Earnings Presentation May 8, 2018 CRZO
1Q 218 Earnings Presentation May 8, 218 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, beliefs, projections,
More informationEnerCom s The Oil & Gas Conference. August 15, 2012
EnerCom s The Oil & Gas Conference August 15, 2012 Overview of Operations 16 Bakken Tulsa based company founded in 1963 with long history of operations in the Mid-Continent Integrated approach to business
More informationAdjusted net income attributable to common shareholders of $26.7 million, or $0.33 per diluted share, and Adjusted EBITDA of $132.
News PRESS RELEASE Contact: Jeffrey P. Hayden, CFA, VP - Investor Relations (713) 328-1044 Kim Pinyopusarerk, Manager - Investor Relations (713) 358-6430 CARRIZO OIL & GAS ANNOUNCES THIRD QUARTER RESULTS
More informationNoble Energy Announces Third Quarter Results
October 29, 2008 Noble Energy Announces Third Quarter Results HOUSTON, Oct. 29 /PRNewswire-FirstCall/ -- (NYSE: NBL) reported today third quarter 2008 net income of $974 million, or $5.37 per share diluted.
More informationGOLDMAN SACHS ENERGY CONFERENCE. January 9, 2018
GOLDMAN SACHS ENERGY CONFERENCE January 9, 2018 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities
More informationTransformation: Moving to a Singular Focus in the STACK. DUG Midcontinent September 2017
Transformation: Moving to a Singular Focus in the STACK DUG Midcontinent September 2017 Forward-Looking Statements and Risk Factors Statements made in these presentation slides and by representatives of
More informationBAML 2017 GLOBAL ENERGY CONFERENCE November 16, 2017
BAML 2017 GLOBAL ENERGY CONFERENCE November 16, 2017 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities
More informationBulking Up In The Permian Basin August 2016
Bulking Up In The Permian Basin August 2016 Please Read This presentation makes reference to: Forward-looking statements This release contains forward-looking statements within the meaning of securities
More informationDevon Energy Reports Fourth-Quarter and Full-Year 2015 Results; Provides 2016 Capital and Production Outlook
Devon Energy Corporation 333 West Sheridan Avenue Oklahoma City, OK 73102-5015 NEWS RELEASE Devon Energy Reports Fourth-Quarter and Full-Year 2015 Results; Provides 2016 Capital and Production Outlook
More informationMASTERS IN FINANCE EQUITY RESEARCH NOBLE ENERGY COMPANY REPORT. Volatility in commodity markets not holding Noble Energy back.
MASTERS IN FINANCE EQUITY RESEARCH NOBLE ENERGY OIL & GAS 07 JAN 2016 STUDENT: NATHAN PARKASH 21333@novasbe.pt Volatility in commodity markets not holding Noble Energy back. Noble Energy targeting increased
More information4Q 2017 Earnings Presentation February 27, 2018 CRZO
4Q 217 Earnings Presentation February 27, 218 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning the Company s intentions, expectations, beliefs, projections,
More informationMaking the Permian Great Again Zane Arrott, Chief Operating Officer January 18, 2017
Making the Permian Great Again Zane Arrott, Chief Operating Officer January 18, 217 Forward-Looking Statements Certain statements and information in this presentation may constitute forward-looking statements
More informationInvestor Presentation HOWARD WEIL ENERGY CONFERENCE MARCH 2015
Investor Presentation HOWARD WEIL ENERGY CONFERENCE MARCH 2015 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of
More informationIPAA Oil & Gas Investment Symposia April 3, Creating Value in the Gulf of Mexico
IPAA Oil & Gas Investment Symposia April 3, 2017 Creating Value in the Gulf of Mexico Forward-Looking Statement Disclosure This presentation, contains forward-looking statements within the meaning of the
More informationTUDOR, PICKERING, HOLT 13 TH ANNUAL HOTTER N HELL ENERGY CONFERENCE
TUDOR, PICKERING, HOLT 13 TH ANNUAL HOTTER N HELL ENERGY CONFERENCE Carrizo Oil & Gas June 20-22, 2017 Forward Looking Statements / Note Regarding Reserves This presentation contains statements concerning
More informationFirst Quarter 2016 Review. Hal Hickey Harold Jameson Ricky Burnett. Chief Executive Officer Chief Operating Officer Chief Financial Officer
First Quarter 2016 Review Hal Hickey Harold Jameson Ricky Burnett Chief Executive Officer Chief Operating Officer Chief Financial Officer May 4, 2016 Strategic Plan Update 2 Focus Area # Improvement Plan
More information2014 UBS Houston Energy Bus-less Tour
INVESTOR RELATIONS John Colglazier Senior Vice President 832/636-2306 Robin Fielder Director 832/636-1462 Jeremy Smith Director 832/636-1544 2014 UBS Houston Energy Bus-less Tour Ernie Leyendecker SVP,
More informationBOAML 2017 Emerging Markets Corporate Conference
BOAML 2017 Emerging Markets Corporate Conference June 2017 Disclaimer This presentation was prepared by Delek Drilling Limited Partnership Limited Partnership (jointly, the Partnerships ), and is given
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationUBS 2017 OIL & GAS CONFERENCE
INVESTOR RELATIONS ROBIN FIELDER Vice President 832 636 1462 PETE ZAGRZECKI Director 832 636 7727 NYSE: APC WWW.ANADARKO.COM UBS 2017 OIL & GAS CONFERENCE Ernie Leyendecker - EVP, International and Deepwater
More informationInvestor Presentation
Investor Presentation Forward-looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning future
More informationENERCOM S THE OIL AND GAS CONFERENCE. August 14, 2017
ENERCOM S THE OIL AND GAS CONFERENCE August 14, 2017 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities
More informationSCOOP Project SpringBoard. January 29, 2019
SCOOP Project SpringBoard January 29, 2019 Forward-Looking Information Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 This presentation
More informationEARNINGS RESULTS FOURTH QUARTER 2016
EARNINGS RESULTS FOURTH QUARTER 2016 Cautionary Language This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E of the Securities
More informationCentennial Resource Development Announces Full Year 2017 Results, 2017 Year-End Reserves, 2018 Guidance and Increases 2020 Oil Production Target
Centennial Resource Development Announces Full Year 2017 Results, 2017 Year-End Reserves, 2018 Guidance and Increases 2020 Oil Production Target DENVER, CO, February 26, 2018 (GLOBE NEWSWIRE) - Centennial
More informationHESS CORPORATION HESS REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF Key Highlights: Second Quarter Financial and Operating Highlights:
HESS CORPORATION HESS REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF 2018 Key Highlights: Estimate of gross discovered recoverable resources on the Stabroek Block, offshore Guyana (Hess 30 percent),
More informationCommentary by Dan Steffens
Management William D Sullivan, Chairman Jay D Ottoson, President & CEO Wade Pursell, CFO www.sm-energy.com Commentary by Dan Steffens (SM) reported solid operating results in the first quarter of 2016
More informationEnerCom- The Oil & Gas Conference
EnerCom- The Oil & Gas Conference Clay Gaspar, Chief Operating Officer August 16, 2016 WPX Highlights 2Q ACTION ITEMS COMPLETED $538MM EQUITY OFFERING WILLISTON BASIN ACQUIRED 7,800 NET ACRES IN DELAWARE
More informationCarrizo Oil & Gas, Inc.
Management S.P. Chip Johnson, IV, Pres & CEO David L. Pitts, VP - CFO Brad Fisher, VP - COO Dick Smith, VP - Land Greg Conaway, VP CAO Jim Pritts, VP Bus Dev www.crzo.net EPG Commentary by Dan Steffens
More informationSTACK: Expanding Quality and Scale. June 20, 2016
STACK: Expanding Quality and Scale June 20, 2016 1 Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation) contains forward-looking
More informationJP Morgan Energy Conference Dane Whitehead
JP Morgan Energy Conference Dane Whitehead Chief Financial Officer June 2, 218 Forward-Looking Statements and Other Matters This presentation (and oral statements made regarding the subjects of this presentation)
More informationInvestor Presentation SEPTEMBER 2017
Investor Presentation SEPTEMBER 207 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 933
More informationFINANCIAL & OPERATIONAL SUPPLEMENT
FINANCIAL & OPERATIONAL SUPPLEMENT NOTICE TO INVESTORS Certain statements in this earnings supplement contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933
More informationApril 2018 IPAA OGIS Conference. NYSE American: SRCI
April 2018 IPAA OGIS Conference NYSE American: SRCI Forward-looking Statements and Other Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More information@NFX YE15 Update and 2016 Outlook
@NFX YE15 Update and 2016 Outlook February 24, 2016 @NFX is periodically published to keep stockholders aware of current operating activities at Newfield. It may include estimates of expected production
More informationMarathon Oil Reports First Quarter 2017 Results
May 4, 2017 Marathon Oil Reports First Quarter 2017 Results Strong Operational Results; Entered Northern Delaware and Exited Canadian Oil Sands; Raising 2017 E&P Production Guidance HOUSTON, May 04, 2017
More informationCALLON PETROLEUM COMPANY. IPAA Conference: Houston, TX April 21, 2016
CALLON PETROLEUM COMPANY IPAA Conference: Houston, TX April 21, 2016 IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains projections and other forward-looking statements within
More informationNEWS ANADARKO ANNOUNCES 2011 CAPITAL PROGRAM AND GUIDANCE, AND REAFFIRMS FIVE-YEAR PLAN
NEWS ANADARKO ANNOUNCES 2011 CAPITAL PROGRAM AND GUIDANCE, AND REAFFIRMS FIVE-YEAR PLAN HOUSTON, Feb. 24, 2011 Anadarko Petroleum Corporation (NYSE: APC) today announced its 2011 capital program and guidance,
More informationJ.P. Morgan Inaugural Energy Equity Investor Conference
J.P. Morgan Inaugural Energy Equity Investor Conference June 29, 2016 NYSE: DVN devonenergy.com Investor Contacts & Notices Investor Relations Contacts Howard J. Thill, Senior Vice President, Communications
More informationInvestor Update. November 2014
Investor Update November 2014 Forward Looking Information Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995 This presentation includes
More informationLouisiana Energy Conference June 27 28, 2012
Louisiana Energy Conference June 27 28, 2012 Safe Harbor Statement Gregory Hullinger Chief Financial Officer This presentation includes forward-looking statements within the meaning of Section 27A of the
More informationInvestor Presentation J.P. Morgan Global High Yield and Leveraged Finance Conference FEBRUARY 2016
Investor Presentation J.P. Morgan Global High Yield and Leveraged Finance Conference FEBRUARY 2016 Forward-Looking Statements and Other Disclaimers This presentation contains forward-looking statements
More information