Replies to post #10 on Noble Energy Inc. (NBL)

[OilStockReport]

Here is some DD.

Noble Energy (NBL) is estimated to grow earnings 34.6% next year. No simple feat for a company with a market cap over $16 billion. In the last five years, Noble discovered 2 billion barrels of oil equivalent. Its total net resources are:

Proved Reserves are 1092 MMBoe
Risked Resources are 4600 MMBoe
Unrisked Resources are 8400 MMBoe
Noble has 830,000 net acres in the D-J Basin. Noble has seven vertical and four horizontal rigs here. Noble is producing 55,000 Boe/d in the Niobrara. This area has a large inventory of vertical and horizontal well locations. Noble also operates in the deepwater Gulf of Mexico and averages 70% liquids production. Noble's Galapagos project is two-thirds oil. First production is expected at the end of this year. It is estimated, production of 7000 to 8000 Bbls/d. Noble has multiple areas in West Africa producing gas and condensate. Alba field has net volumes of 225 MMcf/d and 20 MBbls/d. Noble's eastern Mediterranean is a reliable, high margin location. It is the largest deepwater gas discovery in a decade. Noble is focused on two areas of business. The first is liquids production. Oil and NGLs have very good margins, and increasing demand. The second is international gas. Natural gas in the United States has seen supply outpacing demand. International gas is a different dynamic, and is seeing much better margins.

[OilStockReport]

This one is about to pop! Get ready!