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Noble Energy Inc
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June 2012 Investor Meetings
| David L. Stover | Page 18 of 11 |
May 02, 2024
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"June 2012 Investor Meetings"
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Impressive Extended-reach Lateral Results Dramatic improvement in returns and recoveries Wells Ranch AE29 ?68HNSpud to rig release in 17 days9,120 ft. lateral with 39-stage completionIncreased Returns with Improvement in F&D CostPlan 12 to 15 Extended-reach Laterals in 2012Well cost $7 ?8 MM per wellReserves of 500 ?750+ MBoe per wellTwo 9,000 ft. laterals wells spud in AprilNote: WTI $90 escalated, HH $3flat 0 200 400 600 800 1,000 1,200 050100150200Boe/d Days Gross Production WR 29-68 750 MBoe Type Curve 78% Liquids 100+% AT ROR 7Month Payout 18