Noble Energy

This article is about the exploration company. For the offshore contract drilling company, see Noble Corporation.

Noble Energy, Inc.
FormerlyNoble Affiliates, Inc.
Company typePublic company
Nasdaq: NBL
IndustryPetroleum industry
Founded1932; 92 years ago (1932)
DefunctOctober 5, 2020; 4 years ago (2020-10-05)
FateAcquired by Chevron Corporation[1]
HeadquartersHouston, Texas, U.S.
Key people
David L. Stover, (CEO)
Kenneth M. Fisher, CFO
ProductsPetroleum
Natural gas
Natural gas liquids
Production output
346 thousand barrels of oil equivalent (2,120,000 GJ) per day
RevenueIncrease $4.986 billion (2018)
Increase -$0.066 billion (2018)
Total assetsDecrease $21.010 billion (2018)
Total equityDecrease $10.484 billion (2018)
Number of employees
2,282 (2019)
Websitenblenergy.com
Footnotes / references
[2]

Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.

The company was known as Noble Affiliates, Inc. until 2002.

As of December 31, 2018, the company had 1,929 million barrels of oil equivalent (1.180×1010 GJ) of proved reserves, of which 52% was in the United States, 43% was in Israel, and 5% was in Equatorial Guinea. Of the company's total proved reserves as of December 31, 2018, 62% was natural gas, 14% was natural gas liquids, and 24% was petroleum.[2]

In the United States, the company's primary holdings were in the Wattenberg Gas Field / Denver Basin in Colorado, the Delaware Basin, and the Eagle Ford Group.[2]

As of December 31, 2018, the company owned approximately 74,000 net developed acres and 111,000 net undeveloped acres between 10 and 90 miles offshore Israel in water depths ranging from 700 feet to 6,500 feet. Noble holds a 39.66% working interest in the Leviathan gas field, which it discovered in 2010 and a 25% working interest in the Tamar gas field. Through Dolphinus Holdings Limited, Noble sells any excess gas to Egypt after its natural gas obligations to Israel and Jordan have been met. The company owns a minority interest in and uses East Mediterranean Gas Company's Arab Gas Pipeline to transport the gas from Israel to Egypt. Exports to Jordan are facilitated by an existing low-capacity pipeline near the Dead Sea and a large capacity pipeline under construction in northern Israel and northern Jordan. Adjacent to the Israel acreage, the company owns a license covering approximately 33,000 net undeveloped acres in the Aphrodite gas field of Cyprus.[2]

The company also owned interests in oil fields offshore Equatorial Guinea, Cameroon, and Gabon.[2]

  1. ^ "Chevron completes $13B acquisition of Noble Energy". October 5, 2020. Retrieved October 5, 2020.
  2. ^ a b c d e "Noble Energy, Inc. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.