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Noble Energy Inc
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Long Term Energy Outlook Presentation
| Dave Stover; Gary Willingham | Page 33 of 11 |
November 21, 2024
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"Long Term Energy Outlook Presentation"
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NBL DJ Basin Type Curves 33 Significant improvement in per well recovery Well economics based on 100% WI, 80% NRI. Well costs and economics fully burdened with upstream capital and midstream costs. *Other includes 14,000 lower tier East Pony acreage. 3-Stream EUR (MBoe) Lateral Length (ft.) Commodity Mix % (Oil / NGL / Gas) Well Costs ($MM) BTAX Rate of Return Gross Locations Net Acreage Base Upside Wells Ranch 1,000 9,500 40 / 30 / 30 5.9 40% 60% 540 78,000 East Pony 570 7,500 75 / 10 / 15 5.4 45% 70% 160 30,000* Mustang 975 9,500 40 / 30 / 30 6.2 30% 45% 910 75,000 Bronco 900 7,500 20 / 30 / 50 5 15% 25% 640 36,000 Greeley Crescent 900 9,500 30 / 30 / 40 5.9 20% 35% 510 32,500 Other* 480 9,500 65 / 15 / 20 5.6 20% 35% 460 100,500 Wells Ranch Type Curve Raised to 1 MMBoe for 9,500 ft Lateral Base Well Design Includes 1,400 lbs/ft Proppant and Slickwater Enhanced Completions Delivering Longer Plateau Production Approximately 75% of Locations Generate at Least a 10% BTAX Rate of Return at $40/Bbl or Below 20% Wells Ranch East Pony Mustang EUR Increase per Lateral Foot from 2013 Analyst Day Near Term Focus 15% 20%