The document discusses Noble Energy's operations and discoveries in the Eastern Mediterranean region, including Israel and Cyprus. It provides resource estimates for fields such as Leviathan (19 Tcf), Tamar (10 Tcf), and Cyprus A-2 (5 Tcf). Demand for natural gas in Israel is growing at 17% annually to 2020 due to power generation, industry, and potential coal plant conversions. Noble is progressing development plans for fields like Leviathan and export opportunities to serve growing regional and LNG markets utilizing over 19 Tcf of identified export volumes.
- EOG Resources Inc. acquired Yates Petroleum Corporation, adding 1.6 million net acres across multiple regions for $2.5 billion.
- The acquisition significantly increases EOG's core positions in the Delaware Basin, Powder River Basin, and Northwest Shelf, providing over 1,700 additional premium drilling locations.
- The high quality acreage acquired from Yates is estimated to contain over 1.6 billion barrels of oil equivalent in net resource potential, and will enable expanded development and exploration across EOG's portfolio.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
This document provides an overview of Antero Resources Corporation. It begins with forward-looking statements and disclosures, noting that the document contains projections that may not come to pass. It then provides updates to slides presented in a prior September 2016 presentation, including improved well economics from lower costs and longer laterals, higher estimated ultimate recoveries, and updated financial information. The document highlights Antero's large core acreage position, growing production and improving well returns, leading realized prices due to premium sales contracts, and strong balance sheet with significant liquidity. It presents Antero as well positioned for sustainable growth in the Appalachian basin.
The document provides an August 2018 update on Chesapeake Energy Corporation's business strategies and operations. It discusses plans to use proceeds from an asset sale to reduce debt, goals of achieving a net debt to EBITDA ratio of 2x and free cash flow neutrality. Production from the Powder River Basin is growing rapidly and is expected to increase 90% in 2018 and 100% in 2019, driven largely by oil growth from the Turner area where 18 wells are currently producing. Drilling and completion costs in the Turner area have improved. The company has a diverse portfolio across five basins with an inventory of potential locations.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations, highlighting its high-quality asset portfolio, strong financial position, and focus on capital discipline and returns. It provides details on key growth opportunities in the STACK and Delaware Basin plays.
The document provides an overview of the company's fourth quarter and full-year 2015 results. Some key points:
- Production for Q4 was 1.33 MMBoe and 5.53 MMBoe for the full year, in line with guidance. No capital expenditures were incurred in Q4 due to low commodity prices.
- Proved reserves increased 14% year-over-year to 166.6 MMBoe with a PV-10 of $504 million. Drilling replaced 603% of production at a drill-bit F&D cost of $4.32/Boe.
- The company has $177 million in liquidity and reduced total debt from $515.6 million to $
The document provides an update on Chesapeake Energy's business strategies and operations for September 2018. It discusses restoring the company's balance sheet through applying $1.9 billion in proceeds from an asset sale to debt reduction. It highlights the company's diverse portfolio across five basins and focuses on growth in the Powder River Basin, where production is ramping ahead of schedule led by the Turner opportunity. The company is improving drilling efficiencies to enhance returns in the Powder River Basin.
Company website presentation (c) february 2017AnteroResources
The document provides an overview of Antero Resources Corporation. It contains forward-looking statements regarding estimates, plans, expectations and guidance. It also cautions that actual results could differ materially from forward-looking statements due to risks and uncertainties. The document then provides details on Antero's market capitalization, reserves, production, acreage position, and drilling inventory to support long-term growth plans. Antero has over 8,000 potential drilling locations that provide multi-year development opportunities on its large, consolidated acreage position in the Marcellus and Utica shale plays.
- EOG Resources Inc. acquired Yates Petroleum Corporation, adding 1.6 million net acres across multiple regions for $2.5 billion.
- The acquisition significantly increases EOG's core positions in the Delaware Basin, Powder River Basin, and Northwest Shelf, providing over 1,700 additional premium drilling locations.
- The high quality acreage acquired from Yates is estimated to contain over 1.6 billion barrels of oil equivalent in net resource potential, and will enable expanded development and exploration across EOG's portfolio.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
This document provides an overview of Antero Resources Corporation. It begins with forward-looking statements and disclosures, noting that the document contains projections that may not come to pass. It then provides updates to slides presented in a prior September 2016 presentation, including improved well economics from lower costs and longer laterals, higher estimated ultimate recoveries, and updated financial information. The document highlights Antero's large core acreage position, growing production and improving well returns, leading realized prices due to premium sales contracts, and strong balance sheet with significant liquidity. It presents Antero as well positioned for sustainable growth in the Appalachian basin.
The document provides an August 2018 update on Chesapeake Energy Corporation's business strategies and operations. It discusses plans to use proceeds from an asset sale to reduce debt, goals of achieving a net debt to EBITDA ratio of 2x and free cash flow neutrality. Production from the Powder River Basin is growing rapidly and is expected to increase 90% in 2018 and 100% in 2019, driven largely by oil growth from the Turner area where 18 wells are currently producing. Drilling and completion costs in the Turner area have improved. The company has a diverse portfolio across five basins with an inventory of potential locations.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations, highlighting its high-quality asset portfolio, strong financial position, and focus on capital discipline and returns. It provides details on key growth opportunities in the STACK and Delaware Basin plays.
The document provides an overview of the company's fourth quarter and full-year 2015 results. Some key points:
- Production for Q4 was 1.33 MMBoe and 5.53 MMBoe for the full year, in line with guidance. No capital expenditures were incurred in Q4 due to low commodity prices.
- Proved reserves increased 14% year-over-year to 166.6 MMBoe with a PV-10 of $504 million. Drilling replaced 603% of production at a drill-bit F&D cost of $4.32/Boe.
- The company has $177 million in liquidity and reduced total debt from $515.6 million to $
The document provides an update on Chesapeake Energy's business strategies and operations for September 2018. It discusses restoring the company's balance sheet through applying $1.9 billion in proceeds from an asset sale to debt reduction. It highlights the company's diverse portfolio across five basins and focuses on growth in the Powder River Basin, where production is ramping ahead of schedule led by the Turner opportunity. The company is improving drilling efficiencies to enhance returns in the Powder River Basin.
Company website presentation (c) february 2017AnteroResources
The document provides an overview of Antero Resources Corporation. It contains forward-looking statements regarding estimates, plans, expectations and guidance. It also cautions that actual results could differ materially from forward-looking statements due to risks and uncertainties. The document then provides details on Antero's market capitalization, reserves, production, acreage position, and drilling inventory to support long-term growth plans. Antero has over 8,000 potential drilling locations that provide multi-year development opportunities on its large, consolidated acreage position in the Marcellus and Utica shale plays.
Company website presentation (b) september 2016AnteroResources
The document provides an overview of a company acquisition that will significantly increase the company's core drilling inventory. Specifically:
- The acquisition adds 66,500 net acres and over 5 trillion cubic feet of reserves for $546 million, increasing the company's core inventory by over 1,000 drilling locations.
- The new acreage provides opportunities for improved well economics and type curves above 2 billion cubic feet per 1,000 feet, with estimated returns of 51-77% at current strip prices.
- The acquisition significantly increases the company's dry gas and condensate inventory, adding over 225 dry gas locations and enhancing over 300 condensate locations.
This document provides an overview of Antero Resources Corporation. It begins with forward-looking statements and disclosures regarding the inherent risks and uncertainties in projections. The rest of the document then highlights Antero's large production base, declining costs, significant hedging position through 2021 protecting cash flows, and strategic transportation agreements allowing it to sell almost all production at favorable markets. It presents Antero as having a sustainable business model through the current price down cycle.
The document discusses the Greater Chickadee Crude Oil Gathering Project, which will involve building approximately 150 miles of pipelines and central tank batteries in the Permian Basin to gather and deliver crude oil from dedicated acreage. The project represents an expansion of the company's integrated crude oil platform in one of the top oil and gas producing regions. It is expected to begin partial service in late 2016 and full service in early 2017, supported by long-term agreements with major Permian producers for over 35,000 dedicated acres currently producing more than 10,000 barrels per day.
NYSE:DNR is an oil and gas company focused on CO2 enhanced oil recovery. It owns over 1,100 miles of CO2 pipelines and has significant CO2 reserves. Its core assets have long lives and large estimated original oil in place that could potentially be recovered through CO2 flooding. The company is reducing costs and debt in response to low oil prices while continuing to optimize its operations and preserve liquidity. It provided 2016 capital and production guidance focused on its low decline, oil-weighted assets.
This document provides an overview of Antero Midstream Partners LP and forward-looking statements. It summarizes Antero Resources' expected future growth, ability to meet its drilling and development plan, and commodity price assumptions. It also outlines risks associated with forward-looking statements including commodity price volatility, inflation, environmental risks, and drilling and completion risks.
AREX 2016 Wells Fargo West Coast Energy PresentationApproachResources
The document discusses AREX's operations in the Permian Basin, including its 167 million barrels of oil equivalent proved reserves, low cost structure, extensive drilling inventory, and significant resource potential from the Wolfcamp shale play. AREX has implemented enhanced completion designs that outperform type curves and reduced its lease operating expenses through the use of a centralized water recycling facility that lowers drilling and completion costs by reusing flowback and produced water.
The document provides an overview of a partnership between Antero Midstream Partners LP and MPLX. It discusses forward-looking statements and risks involved. It then summarizes Antero Midstream's profile, including its market cap, enterprise value, EBITDA, net debt ratio, and dedicated acres. It also describes the joint venture between Antero Midstream and MPLX to develop processing and fractionation infrastructure in Appalachia, including existing and potential future assets.
The document discusses a joint venture between Antero Midstream Partners LP and MPLX to invest in natural gas processing and fractionation infrastructure in the Marcellus and Utica Shales. The joint venture will construct up to 11 new processing plants and 3 fractionation facilities over the next four years at an estimated cost of $1.3 billion, with Antero Midstream's net investment of $650 million. The joint venture assets will be operated by MPLX and supported by long-term, fixed-fee agreements with Antero Resources and other producers.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The ability to make future distributions is substantially dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. The partnership cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. The ability to make future distributions is dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval by the board of directors.
This document provides an overview of Devon Energy Corporation and its strategy. It summarizes that Devon has over 30,000 potential locations focused on developing its STACK and Delaware assets, which it views as multi-decade growth platforms. Devon's 2020 vision is to further high-grade its asset portfolio through divestitures, expand per-unit margins, improve its balance sheet strength, and focus on financial returns.
The document provides an overview of Antero Resources Corporation. It notes that the presentation contains forward-looking statements subject to risks and uncertainties. It also highlights several changes made in the presentation since February 2017, including updated slides on Antero's reserve growth, liquids-rich resource base, and increasing NGL realizations. The document introduces Antero as the largest liquids-rich natural gas producer and consolidator in Appalachia.
EnerCom’s The Oil and Gas Conference 21 PresentationApproachResources
The document discusses forward-looking statements and provides cautionary statements regarding oil and gas quantities estimates. It then provides an overview of the company, noting it has an enterprise value of $588 million with 167 million barrels of oil equivalent of proved reserves, of which 63% are liquids. It also discusses the company's Permian Basin assets which include 139,000 gross acres and an estimated 1 billion barrels of oil equivalent of unrisked resource potential from 1,800 identified drilling locations.
Denbury Resources is an oil and gas company focused on CO2 enhanced oil recovery. It owns over 1,100 miles of CO2 pipelines and has access to large CO2 reserves. Denbury estimates there is potential to recover up to 16 billion gross barrels using CO2 EOR in its operating areas in the Gulf Coast and Rocky Mountain regions. The company is focusing on reducing costs and debt in response to low oil prices. It has significantly improved CO2 efficiency and reduced cash operating costs per barrel. Denbury has ample CO2 supply for several years with no major capital required.
The document summarizes Arex Energy's second quarter 2016 results. It discusses:
- Low operating costs of $4.56 per barrel of oil equivalent and record low drilling and completion costs of $3.7 million per well.
- Average production of 12.6 thousand barrels of oil equivalent per day, exceeding guidance. New wells are outperforming type curves.
- Revenues of $22.4 million and EBITDAX of $13.7 million. Capital expenditures were $6.9 million, aligned with cash flow. The company has $51 million in liquidity.
Company website presentation (a) february 2017AnteroResources
The document provides an overview of Antero Resources Corporation. Some key points:
- It contains forward-looking statements regarding estimates, plans, expectations and guidance that are subject to risks and uncertainties.
- As of February 2017, Antero has a market capitalization of $8.2 billion and net production of 1,875 MMcfe/d that is 26% liquids. It holds 624,000 net acres of land.
- In 2016, Antero grew its proved reserves by 16% to 15.4 Tcfe and its 3P reserves by 25% to 46.4 Tcfe through acquisitions and successful drilling, establishing an outstanding drilling inventory for long-term growth.
The document provides an overview of Antero Resources Corporation. It contains forward-looking statements regarding estimates, plans, strategies, objectives, anticipated financial and operating results, and risks. It also cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Key information includes updated production, acreage, and hedging data as of Q3 2015, highlighting the company's large production base, low development costs, substantial long-term hedge position, and strong liquidity.
The document provides an overview of forward-looking statements and guidance for Antero Midstream Partners LP. It summarizes that AM expects adjusted EBITDA of $180-190 million and distributable cash flow of $160-170 million for 2015. It also outlines AM's guidance for expansion of its low and high pressure pipelines and compression capacity additions. The guidance assumes a continued 28-30% annual distribution growth through 2017 driven by Antero Resources' 40%+ production growth target, establishing AM's business model is tied to Antero's strong production growth.
SandRidge Energy has built a portfolio focused on three oil-weighted project areas: NW STACK, North Park Niobrara, and Mississippian. In 2017, the company will continue developing these areas, turning company oil production positive in late 2017. SandRidge has $563 million in liquidity and a moderate capital program focused on high-grading existing positions.
Jp morgan hy conference presentation february 2016 v-fAnteroResources
The document discusses forward-looking statements regarding Antero Resources Corporation's expectations, beliefs, anticipations and projections. It notes that actual results could differ materially from what is presented due to assumptions, risks, and uncertainties. It also cautions that the forward-looking statements are subject to risks related to oil and gas exploration, development, production, and other operational risks that could affect actual future results.
The document discusses oil prices and activity in the Southern Midland Basin. It notes that AREX has 134,000 net acres in the basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential from the Wolfcamp shale. AREX has implemented water recycling facilities to reduce drilling and completion costs by $450,000 per well and lower operating expenses. At their current drilling and completion cost of $7 million per well, AREX wells in the Wolfcamp have a type curve estimated ultimate recovery of 510 thousand barrels of oil equivalent and an internal rate of return above 40% at $60 oil.
Scotia Howard Weil 43rd Annual Energy Conference PresentationApproachResources
The document discusses forward-looking statements and cautions that actual results may differ substantially from estimates. It provides an overview of Arena Energy, including its enterprise value, asset base in the Midland Basin with over 1 billion barrels of estimated resource potential, and capital program focused on flexibility and returns. Arena has a low-risk, oil-rich asset base and a strong financial and liquidity position to withstand commodity price volatility.
Company website presentation (b) september 2016AnteroResources
The document provides an overview of a company acquisition that will significantly increase the company's core drilling inventory. Specifically:
- The acquisition adds 66,500 net acres and over 5 trillion cubic feet of reserves for $546 million, increasing the company's core inventory by over 1,000 drilling locations.
- The new acreage provides opportunities for improved well economics and type curves above 2 billion cubic feet per 1,000 feet, with estimated returns of 51-77% at current strip prices.
- The acquisition significantly increases the company's dry gas and condensate inventory, adding over 225 dry gas locations and enhancing over 300 condensate locations.
This document provides an overview of Antero Resources Corporation. It begins with forward-looking statements and disclosures regarding the inherent risks and uncertainties in projections. The rest of the document then highlights Antero's large production base, declining costs, significant hedging position through 2021 protecting cash flows, and strategic transportation agreements allowing it to sell almost all production at favorable markets. It presents Antero as having a sustainable business model through the current price down cycle.
The document discusses the Greater Chickadee Crude Oil Gathering Project, which will involve building approximately 150 miles of pipelines and central tank batteries in the Permian Basin to gather and deliver crude oil from dedicated acreage. The project represents an expansion of the company's integrated crude oil platform in one of the top oil and gas producing regions. It is expected to begin partial service in late 2016 and full service in early 2017, supported by long-term agreements with major Permian producers for over 35,000 dedicated acres currently producing more than 10,000 barrels per day.
NYSE:DNR is an oil and gas company focused on CO2 enhanced oil recovery. It owns over 1,100 miles of CO2 pipelines and has significant CO2 reserves. Its core assets have long lives and large estimated original oil in place that could potentially be recovered through CO2 flooding. The company is reducing costs and debt in response to low oil prices while continuing to optimize its operations and preserve liquidity. It provided 2016 capital and production guidance focused on its low decline, oil-weighted assets.
This document provides an overview of Antero Midstream Partners LP and forward-looking statements. It summarizes Antero Resources' expected future growth, ability to meet its drilling and development plan, and commodity price assumptions. It also outlines risks associated with forward-looking statements including commodity price volatility, inflation, environmental risks, and drilling and completion risks.
AREX 2016 Wells Fargo West Coast Energy PresentationApproachResources
The document discusses AREX's operations in the Permian Basin, including its 167 million barrels of oil equivalent proved reserves, low cost structure, extensive drilling inventory, and significant resource potential from the Wolfcamp shale play. AREX has implemented enhanced completion designs that outperform type curves and reduced its lease operating expenses through the use of a centralized water recycling facility that lowers drilling and completion costs by reusing flowback and produced water.
The document provides an overview of a partnership between Antero Midstream Partners LP and MPLX. It discusses forward-looking statements and risks involved. It then summarizes Antero Midstream's profile, including its market cap, enterprise value, EBITDA, net debt ratio, and dedicated acres. It also describes the joint venture between Antero Midstream and MPLX to develop processing and fractionation infrastructure in Appalachia, including existing and potential future assets.
The document discusses a joint venture between Antero Midstream Partners LP and MPLX to invest in natural gas processing and fractionation infrastructure in the Marcellus and Utica Shales. The joint venture will construct up to 11 new processing plants and 3 fractionation facilities over the next four years at an estimated cost of $1.3 billion, with Antero Midstream's net investment of $650 million. The joint venture assets will be operated by MPLX and supported by long-term, fixed-fee agreements with Antero Resources and other producers.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The ability to make future distributions is substantially dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. The partnership cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. The ability to make future distributions is dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval by the board of directors.
This document provides an overview of Devon Energy Corporation and its strategy. It summarizes that Devon has over 30,000 potential locations focused on developing its STACK and Delaware assets, which it views as multi-decade growth platforms. Devon's 2020 vision is to further high-grade its asset portfolio through divestitures, expand per-unit margins, improve its balance sheet strength, and focus on financial returns.
The document provides an overview of Antero Resources Corporation. It notes that the presentation contains forward-looking statements subject to risks and uncertainties. It also highlights several changes made in the presentation since February 2017, including updated slides on Antero's reserve growth, liquids-rich resource base, and increasing NGL realizations. The document introduces Antero as the largest liquids-rich natural gas producer and consolidator in Appalachia.
EnerCom’s The Oil and Gas Conference 21 PresentationApproachResources
The document discusses forward-looking statements and provides cautionary statements regarding oil and gas quantities estimates. It then provides an overview of the company, noting it has an enterprise value of $588 million with 167 million barrels of oil equivalent of proved reserves, of which 63% are liquids. It also discusses the company's Permian Basin assets which include 139,000 gross acres and an estimated 1 billion barrels of oil equivalent of unrisked resource potential from 1,800 identified drilling locations.
Denbury Resources is an oil and gas company focused on CO2 enhanced oil recovery. It owns over 1,100 miles of CO2 pipelines and has access to large CO2 reserves. Denbury estimates there is potential to recover up to 16 billion gross barrels using CO2 EOR in its operating areas in the Gulf Coast and Rocky Mountain regions. The company is focusing on reducing costs and debt in response to low oil prices. It has significantly improved CO2 efficiency and reduced cash operating costs per barrel. Denbury has ample CO2 supply for several years with no major capital required.
The document summarizes Arex Energy's second quarter 2016 results. It discusses:
- Low operating costs of $4.56 per barrel of oil equivalent and record low drilling and completion costs of $3.7 million per well.
- Average production of 12.6 thousand barrels of oil equivalent per day, exceeding guidance. New wells are outperforming type curves.
- Revenues of $22.4 million and EBITDAX of $13.7 million. Capital expenditures were $6.9 million, aligned with cash flow. The company has $51 million in liquidity.
Company website presentation (a) february 2017AnteroResources
The document provides an overview of Antero Resources Corporation. Some key points:
- It contains forward-looking statements regarding estimates, plans, expectations and guidance that are subject to risks and uncertainties.
- As of February 2017, Antero has a market capitalization of $8.2 billion and net production of 1,875 MMcfe/d that is 26% liquids. It holds 624,000 net acres of land.
- In 2016, Antero grew its proved reserves by 16% to 15.4 Tcfe and its 3P reserves by 25% to 46.4 Tcfe through acquisitions and successful drilling, establishing an outstanding drilling inventory for long-term growth.
The document provides an overview of Antero Resources Corporation. It contains forward-looking statements regarding estimates, plans, strategies, objectives, anticipated financial and operating results, and risks. It also cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Key information includes updated production, acreage, and hedging data as of Q3 2015, highlighting the company's large production base, low development costs, substantial long-term hedge position, and strong liquidity.
The document provides an overview of forward-looking statements and guidance for Antero Midstream Partners LP. It summarizes that AM expects adjusted EBITDA of $180-190 million and distributable cash flow of $160-170 million for 2015. It also outlines AM's guidance for expansion of its low and high pressure pipelines and compression capacity additions. The guidance assumes a continued 28-30% annual distribution growth through 2017 driven by Antero Resources' 40%+ production growth target, establishing AM's business model is tied to Antero's strong production growth.
SandRidge Energy has built a portfolio focused on three oil-weighted project areas: NW STACK, North Park Niobrara, and Mississippian. In 2017, the company will continue developing these areas, turning company oil production positive in late 2017. SandRidge has $563 million in liquidity and a moderate capital program focused on high-grading existing positions.
Jp morgan hy conference presentation february 2016 v-fAnteroResources
The document discusses forward-looking statements regarding Antero Resources Corporation's expectations, beliefs, anticipations and projections. It notes that actual results could differ materially from what is presented due to assumptions, risks, and uncertainties. It also cautions that the forward-looking statements are subject to risks related to oil and gas exploration, development, production, and other operational risks that could affect actual future results.
The document discusses oil prices and activity in the Southern Midland Basin. It notes that AREX has 134,000 net acres in the basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential from the Wolfcamp shale. AREX has implemented water recycling facilities to reduce drilling and completion costs by $450,000 per well and lower operating expenses. At their current drilling and completion cost of $7 million per well, AREX wells in the Wolfcamp have a type curve estimated ultimate recovery of 510 thousand barrels of oil equivalent and an internal rate of return above 40% at $60 oil.
Scotia Howard Weil 43rd Annual Energy Conference PresentationApproachResources
The document discusses forward-looking statements and cautions that actual results may differ substantially from estimates. It provides an overview of Arena Energy, including its enterprise value, asset base in the Midland Basin with over 1 billion barrels of estimated resource potential, and capital program focused on flexibility and returns. Arena has a low-risk, oil-rich asset base and a strong financial and liquidity position to withstand commodity price volatility.
An updated copy of a PowerPoint presentation used by Eclipse to summarize and convey important information about the company's shale drilling operations in the Marcellus/Utica region.
This document discusses an energy conference presentation by AREX, an oil and gas company. Key points:
- AREX has 163,000 acres in the Permian Basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential from the Wolfcamp shale play.
- AREX is running 3 horizontal drilling rigs and plans to drill 70 wells in 2014 to develop the Wolfcamp shale, with a goal of 40% production growth.
- Well results have tracked or exceeded AREX's 450 Mboe type curve, with a recent Wolfcamp C well averaging 970 boe/d. Infrastructure investments aim to reduce costs and enable large-scale development.
- The document provides financial and operational highlights for Arex Energy's fourth quarter and full-year 2014 results.
- Key highlights include record revenues and net income for the full year, strong production and reserve growth, capital expenditures below budget, and a flexible capital program for 2015 focused on financial discipline and returns.
- Operational results demonstrated continued strong well performance and recoveries from the Wolfcamp shale play, Arex's core asset.
- The company has a high-quality asset base in the Permian Basin with over 115 million barrels of oil equivalent in proved reserves and over 1 billion barrels of oil equivalent in estimated resource potential from over 1,000 identified drilling locations.
- Production has grown significantly in recent years through horizontal drilling in the Wolfcamp shale, with a 19% increase in 2013 and a target of 40% growth in 2014.
- Oil reserves and production have increased substantially, with oil reserves up over 10 times since 2009 and oil production up nearly 50% in 2013 alone, driven by successful horizontal Wolfcamp development.
Progress energy resources corp. cibc new york mini conference no-appendixProgressEnergy
Daniel Topolinsky gave a presentation at the CIBC New York Mini-Conference on October 4, 2011. The presentation discussed Progress Energy's exploration and development activities, including its large land holdings in tight gas in northwest Alberta and an emerging Montney play. Progress has significant potential for growth from its inventory of gas and light oil opportunities in the Deep Basin and Montney formations, where it is pursuing strategic partnerships to accelerate development.
The document discusses AREX's 2014 development plan for its Wolfcamp shale oil resource play in the Permian Basin. Key points include:
- 2014 capital budget of $400 million, 95% directed to horizontal Wolfcamp drilling with 3 rigs
- Targeting the Wolfcamp A, B, and C zones with pad drilling and stacked laterals
- Expecting 45% production growth in 2014 to 4.95 MMBoe with a 70% liquids mix
- Horizontal Wolfcamp well costs estimated at $5.5 million
The plan focuses on developing AREX's large Wolfcamp shale oil resource potential through horizontal drilling and pad development while maintaining flexibility given commodity price uncertainty
This presentation discusses an oil and gas company's Wolfcamp shale resource play in the Permian Basin. Key points include:
- The company has 160,000 gross acres and estimates over 1 billion barrels of unrisked oil resource potential from the multi-bench Wolfcamp shale.
- The 2014 capital budget of $400 million will fund a 3-rig horizontal drilling program targeting the Wolfcamp A, B and C zones, with an aim to drill around 70 wells.
- The development plan focuses on pad drilling, stacked laterals, and infrastructure to reduce costs and drive projected 45% production growth in 2014 to nearly 5 million barrels of oil-equivalent.
The presentation discusses an investor presentation by an oil and gas company. It contains forward-looking statements about future plans and estimates. The company has 162,000 gross acres in the Permian Basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential. It plans to drill 70 wells in 2014 with a $400 million capital budget as part of developing its Wolfcamp shale oil resource play.
Rockdale Resources Corporation is an independent oil and gas exploration and production company traded on the OTCQB market under the ticker BBLS. The company owns a 623 acre lease in the Minerva-Rockdale oil field in Texas, with 11 producing oil wells currently producing around 50 barrels per day. The company sees potential to drill 4 additional wells on the lease and estimates 20-30 total new drilling locations. Management aims to grow production through its own drilling program and acquiring additional production assets and leases.
The Shell LNG Outlook, launched in London on February 20th, is an assessment of the global liquefied natural gas (LNG) market. It finds that China and India were two of the fastest growing buyers, with the number of LNG importers worldwide up to 35, from 10 at the start of the century.
Read the Shell LNG Outlook in full at http://www.shell.com/lngoutlook
The investor presentation issued by Magnum Hunter in September 2013. We believe this slide deck, or one very similar to this one, was used at the IPAA Oil & Gas Investment Symposium in San Francisco where MH CEO Gary Evans spoke. Slides #13-#27 are of interest to Marcellus Drilling News readers as they deal with MH's Marcellus and Utica Shale drilling operations and future plans. Some great charts, maps and pictures of operations in the Marcellus and Utica Shale!
Detour Gold Corporation presented information on its operations and outlook at the Laurentian Bank Securities Annual Institutional Investor Conference. Key points include:
- Detour Gold achieved 505,558 ounces of gold production in 2015 and expects production to grow to between 540,000-590,000 ounces in 2016, with estimated all-in sustaining costs of $840-$940 per ounce sold.
- A new life of mine plan extends the mine life at Detour Lake to 23 years with total gold production of over 16 million ounces, including production from the planned West Detour pit.
- The company is focused on optimizing operations, advancing permitting for West Detour, debt repayment, and regional exploration including drilling
August 2016 corporate_presentation_final Eclipse resourcesSteve Wittrig
Eclipse Resources is an oil and gas company focused on developing its 115,000 net acres in the core of the Utica Shale and 13,000 net acres in the Marcellus Shale. The presentation highlights Eclipse's strong operational performance, including increasing lateral lengths by 200% while decreasing drilling costs by 50% per foot. Eclipse plans to resume drilling activities in mid-2016 and grow production over 30% year-over-year in 2017 through completing DUCs and operating a one-rig program. The company also discusses its super-lateral drilling program aimed to significantly improve well returns through extending lateral lengths.
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
BMO Global Metals & Mining Conference - Hollywood, FLDetourGold
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
Victory Energy (VYEY) Investor PresentationDerek Gradwell
Victory Energy Corporation is a public oil and gas exploration company focused on development in the Permian Basin. The company owns interests in several producing properties in the basin. Victory plans to deploy $15 million in 2014 for drilling, completions, and acquisitions to increase production and proved reserves. The goal is to achieve over 30 million barrels of proved reserves by year-end and increase revenue to over $1 million. A key focus is the recently acquired 4,050 acre Fairway project, which Victory expects can generate a 60% internal rate of return over three years of planned drilling.
This document provides an overview of an energy conference presentation. It includes the following key points:
1) The presentation discusses strategic goals of reducing debt by $2-3 billion and achieving a net debt to EBITDA ratio of 2x. It also aims for free cash flow neutrality and margin enhancement.
2) Operational highlights from the first quarter of 2018 include a 16% increase in oil production and an 11% increase in total production compared to the same period last year.
3) The Powder River Basin is identified as a core asset with the potential to recover over 2.6 billion barrels of oil equivalent of resources from the Turner zone, where the company plans to increase drilling activity throughout 2018
This document provides recommendations for diving operators on risk prevention and mitigation procedures during the COVID-19 pandemic. It addresses measures for customer and staff safety including physical distancing, disinfection protocols, managing rental equipment, protective measures on boats, and safely conducting buddy checks, gas sharing, and cylinder refills. The 10 key recommendations cover reception areas, disinfection of surfaces and equipment, controlling rental gear, boat operations, buddy checks, and refilling cylinders. Frequent disinfection and physical distancing are emphasized.
This document provides information on ear equalization for scuba divers. It discusses how pressure changes from diving can cause ear injuries if divers do not properly equalize their ears. It describes the anatomy of the ear and equalization process. It then details six methods for equalizing ears, and provides 10 tips to make equalization easier. Finally, it discusses how to deal with other ear problems like barotrauma and vertigo that can occur from diving issues. The overall goal is to help divers understand ear equalization and protect their ears while scuba diving.
Solarus is an innovative renewable energy company that develops and markets the PowerCollector, a hybrid concentrated photovoltaic and thermal collector. The PowerCollector generates both electricity and heat from solar energy, with efficiencies up to four times greater than conventional solar panels. Solarus seeks to provide affordable, clean energy worldwide in order to alleviate energy poverty and promote sustainable development.
This document summarizes an annual general meeting presentation about LNG market outlook and floating storage and regasification units (FSRUs). The presentation discusses key LNG market figures from 2016, important facts about FSRUs, an industry overview of FSRUs including active projects worldwide, the regasification process used by FSRUs, and potential FSRU projects in the Eastern Mediterranean region including Israel, Egypt, Malta, and potentially Cyprus. The conclusion emphasizes that security of energy sources will require substantial investment, and that a combination of an FSRU and floating LNG facility could position Cyprus in the global LNG market as a producer and user.
The sponsorship opportunity for the COGA Annual General Meeting on May 25, 2017 costs 1000 Euros. Benefits include having promotional materials at the reception table, displaying banners in the conference room, and showing sponsor logos on screens before the AGM. Interested parties should contact Mr. Polis Peratikos, the Executive Secretary of the Cyprus Chamber of Commerce & Industry, for more information.
Cyprus Oil & Gas Association AGM agenda officialAndy Varoshiotis
The Annual General Meeting agenda included a members session from 5pm, followed by the official session at 6pm. The official session was to include a keynote speech by the Minister of Energy on the 3rd Licensing Round, addresses by the President of CCCI and President of COGA on LNG imports and an FRSU solution, and a cocktail reception was scheduled afterwards at 7pm.
This document provides information about solar photovoltaic (PV) energy systems and net metering from Harvest 4 Energy. It discusses the company's full-service installation process, how PV systems can lower energy costs and gain independence. The document then details the application process, installation requirements, licensing process, expenses, required documents, and financing options for a 3kW net metering PV system. Customers can have a PV system installed and pay it off in about 5 years once energy savings are factored in.
Power for all, Renewable Energy Declaration and statement Andy Varoshiotis
This document outlines the goals of the Power for All campaign to promote universal access to affordable and sustainable energy. It notes that over 1 billion people currently lack access to electricity, most living in rural areas. Providing energy access through centralized fossil fuel systems would be too costly, time-consuming, and environmentally damaging. However, decentralized renewable energy solutions could achieve universal access much more quickly and at lower cost while creating jobs. Therefore, the Power for All campaign urges governments and organizations to support decentralized renewable energy through policies, funding, education, and market development initiatives to accelerate access to energy for all.
Harvest 4 Energy Ltd is a Cyprus-based energy consulting firm that provides various oil and gas services including: 1) drilling, production, and reserves optimization as well as enhanced oil recovery techniques; 2) asset evaluation, management, and compliance services; 3) project management, technical consulting, and training. The company's services span upstream, midstream, and downstream oil and gas operations as well as related areas like geophysical surveying and pipeline inspection.
The document summarizes the work of the Nuclear Security Project (NSP), led by four former senior U.S. statesmen, which aims to reduce nuclear dangers and build support for a world without nuclear weapons. It provides an overview of the NSP's vision and steps outlined in Wall Street Journal op-eds beginning in 2007. It describes the impact and momentum generated, including endorsements from world leaders. It outlines the NSP's activities like conferences, research, and the documentary Nuclear Tipping Point to further the vision and address challenges.
Fidel Castro writes a letter to Nikita Khrushchev on October 28, 1962 regarding the Cuban Missile Crisis. Castro expresses gratitude to Khrushchev for defending Cuba from invasion and preventing nuclear war. However, Castro argues that they should take advantage of the current situation to further strengthen Cuba's independence and sovereignty. Castro believes they have accomplished preventing invasion and aggression, and should continue efforts to build a socialist society in Cuba.
DAN's Smart Guide to Safe Diving outlines 7 common mistakes divers make and how to avoid them: (1) neglecting health and fitness by not being medically cleared to dive or delaying diving when ill; (2) neglecting proper gear maintenance like cleaning equipment after each use and regular servicing; and (3) insufficient dive planning like not researching dive sites and conditions in advance. The document also discusses lack of buoyancy control, diving beyond training levels, running out of air, and not taking personal responsibility for dive safety.
This document discusses the importance of emergency first response training provided by I DIVE Tec Rec Centers Plc. It notes that over 2.4 million people die each year from cardiovascular disease and that survival rates decrease by 10% every minute without treatment. I DIVE Tec offers CPR, AED, and first aid courses that meet international standards and regulatory requirements. Their Emergency First Response program uses simplified learning approaches and positive reinforcement to build confidence in emergency care. I DIVE Tec can also train organizations' staff to become certified Emergency First Response instructors.
I Dive Tec Rec Centers Plc, Scuba Diving Protaras - Ayia Napa Andy Varoshiotis
Divers are connected to the ocean and can protect it through their actions while diving and in daily life. The document provides 10 tips for divers to protect the ocean, including being careful while diving to avoid damaging coral and wildlife, being a role model for new divers, taking only photos and leaving nothing behind, choosing sustainable seafood and destinations, reducing their carbon footprint, speaking out for conservation, and donating to ocean protection organizations.
Harvard University Preventing nuclear terrorism Andy Varoshiotis
This document discusses nuclear security and the threat of nuclear terrorism. It presents two potential scenarios for the state of nuclear security in 2030: a high-security scenario where significant progress has been made, or a low-security scenario where progress has declined. The document analyzes the evolving threat of nuclear terrorism, assesses progress made and remaining gaps, and discusses obstacles to further progress. It concludes by recommending actions needed to achieve continuous improvement in nuclear security to prevent dangerous decline.
This document provides a summary of a renewable energy roadmap developed for the Republic of Cyprus. Key components of the analysis were developed by the Swedish Royal Institute of Technology and Cyprus University of Technology. The roadmap examines electricity demand forecasts, electricity supply scenarios, the role of variable renewable energy (VRE), and technologies to provide grid support services from VRE. Scenarios analyze electricity generation pathways to 2030 under different policy assumptions. The roadmap finds that significant deployment of solar PV and wind can meet renewable targets in a cost-effective manner while reducing reliance on imported fossil fuels.
This document summarizes the state of the global oil market in early 2016, when oil prices had collapsed to their lowest levels in over a decade. It finds that despite low prices, oil production continues to grow due to ongoing investments. Major producing countries like Canada, Iran, Iraq, and others are still bringing new production capacity online or restoring existing fields. The only possibilities for a substantial price recovery seem to be unexpected geopolitical events disrupting supply or a formal agreement by producers like OPEC to cut output, though such an agreement would be difficult to implement. Overall, supply appears set to continue outpacing demand in 2016, keeping downward pressure on prices.
Harvard University The energy implications of a nuclear deal between the p51 ...Andy Varoshiotis
The document summarizes a workshop discussing the potential energy implications of a nuclear deal between the P5+1 and Iran. Key points of discussion included:
- Experts anticipated Iran could increase oil production by 800,000 barrels per day within a year of sanctions being lifted, though reaching higher levels would require overcoming obstacles in Iranian decision-making.
- There was debate around how much foreign investment Iran could attract and the challenges it may face re-entering energy markets during a time of low oil prices.
- Lifting sanctions may hasten competition as Iran and other producers increase output and see oil as having limited long-term value, which could impact geopolitics and relations in the region.
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The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
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We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
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INCLUDED FRAMEWORKS/MODELS:
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5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
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13. The Double Diamond
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15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
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Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
2. 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,” 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. These reports are also
available from Noble Energy’s offices or website, http://www.nobleenergyinc.com. 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.
This presentation also contains certain historical and forward-looking 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 also see Noble Energy’s website at http://www.nobleenergyinc.com under “Investors” for reconciliations of the
differences between any historical non-GAAP measures used in this presentation and the most directly comparable GAAP financial measures. The GAAP measures most
comparable to the forward-looking non-GAAP financial measures are not accessible on a forward-looking basis and reconciling information is not available without
unreasonable effort.
The Securities and Exchange Commission 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 “discovered unbooked resources”, “resources”, “risked resources”, “recoverable resources”, “unrisked resources”, “unrisked exploration prospectivity”
and “estimated ultimate recovery” (EUR). 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, http://www.nobleenergyinc.com.
2
4. Eastern Mediterranean
World-class discoveries with world-class opportunities
Approximately 40 Tcf Gross
Resources Discovered
Outstanding Operational Performance
from Tamar
Record Natural Gas Sales in 2013
Averaging 750 MMcf/d since Tamar startup
Growing Domestic and Regional Markets
Israel demand growth expectation increased to 17%
Multiple regional markets emerging
Continuing Exploration and
Appraisal Program
3 BBbl and 4 Tcf of remaining potential
Generating Strong Cash Flow
2
Supports next wave of exploration
and development projects
5. Discovered Resources
Continuing the track record of success
Leviathan 4 Appraisal Well
Increased mean resources to
19 Tcf gross
Karish Well
Discovered 1.8 Tcf gross resources
Gross Unrisked Mean Resources
(Tcfe)
40
7-10 Bbl/MMcf condensate yield
Cyprus A-2 Appraisal Well
Refined gross resource range to
3.6 - 6 Tcf (P75 - P25), mean 5 Tcf
Confirmed reservoir with high-quality
and continuity
5.00
18.90
30
20
Excellent deliverability, up to 250 MMcf/d
Tamar SW Discovery
3
Noble Operated Discoveries
Mean resources of 700 Bcf gross
10.00 0.50
10
0
0.04
0.87
0.10
1.20 0.04
1.80
0.70
6. Tamar Southwest Discovery
Capturing additional resources to meet growing demand
Tamar SW Well
New field discovery with 700 Bcf
gross mean resources
Tamar
Tamar SW
Strong reservoir deliverability,
250 MMcf/d potential per well
Tamar Platform
Supports Expansion Plans
8-mile tie-back to Tamar
infrastructure
Provides 85 MMcf/d additional
sales realized through downtime
mitigation and capacity increase
Anticipated First
Production in 2015
4
Mari-B Platform
7. Tamar Field
Servicing a growing domestic market
Outstanding Operational
Capacity and Sale Projection
Performance
Online within 2.5 years from sanction
Near 100% facility uptime
Current capacity deliverability up to 1 Bcf/d
Planned Further Expansion
+25%
1.6
Production avg. 750 MMcf/d since startup
Bcf/d
AOT Compression
+22%
1.2
Quality Investment
$0.90/Mcf F&D, $0.40/Mcf LOE
Average price realization $5.75/Mcf
0.8
200 MMcf/d Onshore Compression
Project Expansion Underway
Mid 2015 startup
Project underpinned by IEC expansion
option
Additional Expansion to 1.5 Bcf/d
Planned for 2016
5
0.4
$220 MM gross investment
Supported by identified / executed contracts
2014
2015
2016
0.0
Capacity
Expected Annual Avg. Sales
8. Israel Natural Gas Demand Growth
“The Fuel of Choice” supports expanding domestic markets
Contracted Customer
Potential IPPs
Israel Gas Infrastructure
Potential Cogens
Potential Coal Plant Conversion
Haifa
Northern Galil
Distribution Network
Total Number of Customers More
than Doubled in 2012 - 2013 to 15
Tiberias
Gas-fired Independent
Southern Galil
Distribution Network
Power Producers
Tel-Aviv
330 MMcf/d under contract
Expanding Local Distribution
Central Region
Distribution Network
Company Network
AOT
Jerusalem
Jerusalem Region
Distribution Network
EMG
Additional projects are expected to come
online in 2014 and 2015
Southern Region
Distribution Network
26 MMcf/d under contract
Conversion of Coal-fired Generation
Leads to Greater Base Load
Hadera conversion underway, online 4Q 2016,
consuming 250 MMcf/d
Additional conversions expected
Negev Distribution Network
Egypt
6
Dimona
9. Israel Natural Gas Demand Growth
17% CAGR for 2013 - 2018
Israel Natural Gas Consumption
MMcf/d, gross
Historic
2,000
Demand Forecast
1,500
Unmet Demand
Extra Fuel Oil Burned
1,000
500
0
2004
2006
Power
2008
Other
2010
Industry
2012
2014
Coal Conversion [Hadera]
2016
2018
2020
2022
Potential Coal Conversion
Source: Poten and Partners, Israel Electric Corporation, Ministry of Energy and Water Resources, Noble Energy
Additional Domestic Market Opportunities
New desalination plant
Conversion to electric railroad system
7
Compressed Natural Gas for transportation
Methanol production
10. Market Export Opportunities – Israel and Cyprus
Over 19 Tcf available for export
Government Export Decision
Upheld by Israel Supreme Court
Karish
Cyprus A
Tamar
Tanin
Approximately 40% of Israel
Discovered Resources Exportable
Leviathan export quota on the order of
9.5 Tcf
Dalit
Leviathan
Tamar is allowed to export 50% of remaining
uncontracted quantities ~ 2 Tcf
Tamar SW
Dolphin
Approximately 3 Tcf exportable
from smaller fields
19 Tcf is Reserved for Israel Sales
Export Volumes Include Regional
and LNG Markets
Tamar
Dalit
Leviathan
Dolphin
Tanin
Karish
Tamar SW
Cyprus
Total
Resource (Tcf) Export % Export Volume (Tcf)
10
50%
2.0*
0.5
75%**
0.4
18.9
50%
9.5
0.1
75%**
0.1
1.2
75%
0.9
1.8
75%
1.4
0.7
75%**
0.5
5
100%
5.0
38.2
19.8
* 50% of uncontracted volumes
** Up to 100% at discretion of MEWR
8
11. Leviathan Field
Increasing security and reliability of supply
Resource Estimate Increased to
19 Tcf Gross, 7.5 Tcf Net
High-quality Reservoir
Potential for wells to produce
250 - 350 MMcf/d
Condensate yield 1.8 - 2.0 Bbl/MMcf
Multiple phases of development
Multiple Planned Projects
Domestic and export options
being progressed
Sanction Driven by Market and
Regulatory Maturity
Focus on Partnering with
Governments and Customers
9
#3 Drilled
and Evaluated
#1 Drilled
and Evaluated
#4 Drilled
and Evaluated
12. Leviathan Development
Monetizing 19 Tcf of natural gas
Phased Development Approach
Diversifies supply to Israel
New regional and LNG markets
Development Options Progressing
800 MMcf/d fixed / floating facility
• 5 Tcf targeting domestic and regional markets
• $2.9 B gross investment
500 - 800 MMcf/d (3.2 - 4.8 MTPA)
floating LNG
• 5 Tcf export
• $1 B upstream gross investment
• Assumes third-party FLNG vessel
tolling arrangement
1,600 MMcf/d FPSO
• 9 Tcf expanding domestic and regional markets
• $4.6 B gross investment
Targeting Initial Production in 2017
10
Leviathan
FPSO
Leviathan
FLNG
Fixed
Platform
13. Regional Market Opportunities
Cost-effective pipeline export options
Regional Pipeline Exports
up to 2.5 Bcf/d
FPSO
LEBANON
11
Cyprus LNG plant approx. 500 MMcf/d
Turkey up to 1 Bcf/d market upside by 2020
Domestic Average Israel Price
ISRAEL
JORDAN
Existing LNG Facilities
Proposed Pipeline
Expecting Pricing Above
PA
EGYPT
Cyprus domestic market of 60 - 100 MMcf/d
Vasilikos
SEGAS
Egypt existing LNG facilities with 2.1 Bcf/d
demand capacity, only 25% utilized
SYRIA
CYPRUS
ELNG
Jordan power and industrial needs of
300 - 400 MMcf/d
TURKEY
14. Well-positioned for LNG Export Markets
EMED LNG cost competitive to US, West Africa and Trinidad
MMt/y
Total LNG Cost ($ / MMbtu)
Global LNG Demand & Supply
550
500
West Australia
450
East Africa
400
Remaining
market
opportunity
350
300
Oceania*
250
Others
200
Sabine Pass T5
Freeport
Cove Point
Cameron
Western Canada
Mozambique
Tangguh T3
Sakhalin II Expansion
Eastern Med
USEC* (via Suez Canal)
West Africa
USGC* (via Suez Canal)
E. Med. (via Suez Canal)
East Australia
150
West Canada
100
End 2012
demand
Existing
production
decline
*Oceania = Australia and PNG
Ramp-ups
of new
projects
Under
construction
Planned
Source: Poten and Partners
Planned
(less likely)
2022
demand
USEC (via Panama Canal)
USGC (via Panama Canal)
* USGC = US Gulf Coast
* USEC = US East Coast
0
2
4
6
8
10 12 14
Source: Poten and Partners
Demand for LNG Projected to Remain Strong Through end of the Decade
Markets Generally Expected to Yield Higher Netbacks to Eastern Mediterranean
Favorable Balance of CAPEX and Shipping Costs Position the Basin Competitively
for LNG Markets
12
15. Floating LNG
Integration of emerging technology
Floating LNG Continues to Mature
Technical challenges are better understood
and robust solutions being developed
Industry experience with complex FPSOs
reduces execution risk
Robust Economics Exist
Strong LNG markets with favorable
netback prices
Relatively small upstream investment
Leviathan FLNG
Pre-FEED studies confirmed technical and
commercial viability
Developed designs for 3.25 MTPA
and 4.8 MTPA capacity units
FEED tendering and evaluation process
progressing with strong market interest
Commercial Structure
Being Developed
Gas Marketing Commenced
13
16. Cyprus Development Options
Strategic location supports multiple development scenarios
TURKEY
Onshore LNG Facility at Vasilikos with Domestic
To Europe
Vasilikos
Supply Component
Requires additional discovered resources
ISRAEL
Pre-FEED completed as part of overall concepts selection study
Individual trains sized at 4 - 7 MTPA for maximum efficiency
4 years from FID to first gas
Site has capacity for up to three trains in facility
To Asia
EGYPT
TURKEY
Vasilikos
To Europe
Floating LNG
Discovered resources support 4 MTPA development
ISRAEL
To Asia
Target 3 - 4 years from FID to first gas
EGYPT
Vasilikos
Pipeline to Egypt Onshore LNG Facilities
Provides connection to under-utilized infrastructure
3 - 4 years from FID to first gas completion
ISRAEL
EGYPT
Domestic
Pipeline
Potential LNG
Plant
Potential Export
Route
14
Deepwater
Host
LNG Cargos
3rd Party LNG
Plant
17. Eastern Mediterranean
A decade of growth for NBL
NOW
Project
2012
2013
2014
2015
2016
2017
2018
2019
2020
AOT Compression
First Gas
Tamar SW
Drill & Complete
Planned Tamar SS Expansion
Leviathan Initial Phase
1,600 MMcf/d FPSO
FLNG
Cyprus LNG
Gross Production
Bcf/d, gross
5
Eastern Mediterranean Gas
4
Sales 10-year CAGR of 21%
Exports Grow Production
3
by >150% by Next Decade
2
Regional Pipelines May
1
0
2013
2015
Israel Domestic
15
2017
2019
2021
Israel and Cyprus Export
2023
Permit Accelerated Exports
18. Production and Capital Outlook
Reinvesting for long-term growth
Net Production
MMcf/d
$ MM
Operating Cash Flow and Capital
1,200
600
1,000
23% CAGR
800
400
600
400
200
200
0
2013
0
2014
Other
2015
Tamar
2016
Tamar SW
2017
2014
2018
Leviathan
(200)
2015
BT Operating Cash Flow*
Free Cash Flow*
16
* Term defined in appendix
2016
2017
2018
Organic Cash Capital*
19. Eastern Mediterranean Exploration
Multiple plays with significant potential
Mesozoic Oil Potential of 3 BBbl
Multiple opportunities in Israel and Cyprus
Cretaceous targets in structural and
stratigraphic traps
Ongoing maturation with 3D reprocessing
Strong evidence of a deeper, thermogenic
petroleum system
Miocene Gas Play in Cyprus
Recently acquired 3D seismic
Tcfe
Gross Unrisked Mean Resources
160
Natural Gas
120
Crude Oil
80
Cyprus Mesozoic Oil
Leads & Prospects;
1,496 MMBoe
40
Israel Mesozoic
Oil Leads & Prospects;
1,538 MMBoe
0
Noble Operated
Discoveries
17
Noble Operated
Prospects
Noble Operated
Prospects
* Source: USGS, includes gas, oil, and natural gas liquids
Remaining Levant
Basin Potential *
Prospective NBL Oil Resources
20. Woodside Leviathan Status
Realizing additional value
Closing Delayed Pending Resolution of Regulatory Issues
Export policy
Anti-trust
All Parties Engaged in Negotiations
Targeting Structure that Recognizes Increased Optionality
in the Region
18
21. Living Our Purpose
Bettering people’s lives where we live and work
Growing Local Workforce in Israel
and Cyprus
Investing in Projects to Promote
Education and Technology
Positive Social and Environmental
Impacts in Israel
Clean natural gas displacing costly imports
of coal and liquid fuels
19
$145 B in energy savings and government
revenue over the life of Tamar
Greenhouse gas emissions expected to be
reduced by 215 MM metric tons of CO2
versus fuel oil, equivalent to taking all the
cars off of the road in Israel for 16 years
22. Eastern Mediterranean
Monetizing resources for domestic and worldwide demand
Israel Natural Gas Demand Grows at 17%
CAGR 2013 - 2018
Exceeds 1.5 Bcf/d by 2018
Leviathan Multiple Development Options
Under Consideration
Domestic and regional export project with 800 MMcf/d
capacity targeted to commence for 2017
Over 19 Tcf Available for Export Markets
Regional opportunities exceed 2 Bcf/d
Gross Unrisked Exploration Prospectivity
of 3 BBbl of Oil and 4 Tcf Natural Gas
A Decade of Growth Ahead
20
Net production growing to 0.6 Bcf/d in 2018
and 1.1 Bcf/d in 2023
24. Price Assumptions
Period
Brent ($/Bbl)
Henry Hub ($/MMbtu)
2013
$90.00
$100.00
$3.50
2014
$95.00
$100.00
$3.75
2015
$90.00
$95.00
$4.25
2016
$90.00
$95.00
$4.50
2017
$90.00
$95.00
$4.75
2018 +
2
WTI ($/Bbl)
$90 through
2020 then
+ 2% / yr
$95 through
2020 then
+ 2% / yr
+ $0.25 / yr through
2023 then + 2% / yr
25. Defined Terms
Term
Definition
Balance Sheet-adjusted
Debt-adjusted per Share Calculations
Normalizes growth funded through debt by converting the change in debt into an equivalent amount of equity shares
using an average stock price. The equivalent shares are netted with total shares outstanding which impacts the per
share calculations of reserves, production and cash flow
Cash Flow at Risk (CFAR)
The difference between NBL's base plan Cash Flow from Operations and NBL's Cash Flow from Operations at the
95% worst case scenario based on a simulation of commodity prices using a mean reversion model
Discretionary Cash Flow
Cash Flow from Operations excluding working capital changes plus cash exploration expense
Free Cash Flow
Operating Cash Flow less Organic Cash Capital
Funds from Operations (FFO)
Cash Flow from Operations excluding working capital changes
Liquidity
Cash and unused revolver capacity
Net Risked Resources
Estimated gross resources multiplied by the probability of geologic success and NBL’s net revenue interest
Operating Cash Flow
Revenue less lease operating expenses, production taxes, transportation, and income taxes
Organic Cash Capital
Capital less capitalized interest, capital lease payments and acquisitions
Peers – Investment Grade
– Non-Investment Grade
APA, APC, DVN, EOG, MRO, MUR, PXD, SWN
CHK, CLR, COG, NFX, PXP, RRC
Return on Average Capital Employed
(ROACE)
Earnings before interest and tax (EBIT) plus asset impairments and unrealized mark to market derivatives divided by
average total assets plus impairments less current liabilities
Total Debt
3
The comparison of production or cash flow growth to enterprise value growth. The numerator is the result of dividing
the year-two underlying metric (production or cash flow) by the respective year-one value. The denominator is the yeartwo enterprise value divided by year-one enterprise value, both using the year-one stock price to eliminate distortion of
changing stock market prices
Long-term debt including current maturities, FPSO lease and JV installment payments