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Operations

Permian Basin: Progressing Development and Unlocking Value

PermianBasin

Noble Energy established a significant presence in the oil-rich Permian Basin of West Texas in 2015 with the merger of Rosetta Resources Inc. into a subsidiary of Noble Energy. We further expanded this position with the acquisition of Clayton Williams Energy, Inc. (CWEI) on April 25, 2017. These transactions strengthen our onshore portfolio and increase our exposure to the high-margin liquids production. We now hold the second largest position in the Southern Delaware Basin.

Our current activity is focused in the heart of the Delaware Basin primarily in Reeves County, where multiple layers of oil-rich shale and sands lie stacked one above another. We apply our expertise to optimize the field, reduce our footprint by drilling long lateral wells and increase the efficiency of our operations. With the close of the CWEI acquisition, we doubled our Delaware Basin net unrisked resources to 2 billion barrels of oil equivalent and hold a combined 118,000 net acres. We currently have five rigs running on the combined acreage. 

The CWEI acquisition also brought more than 300 miles of oil, natural gas and produced watering gathering pipelines which present operational and financial benefits since the majority of acreage was previously undedicated to third parties for midstream services.

 

For the latest financial information on our Permian Basin operations, please see our latest presentation.
For information on employment with Noble Energy in Texas, click here.

OPERATIONAL FACTS: Delaware Basin (3Q 2017)
Net acreage  118,000
Rigs  5
Total sales volumes 27 MBoe/d
Net unrisked resources   2 BBoe

Conserving the Pecos Watershed Through Innovative Partnerships 

The development of oil and natural gas goes hand in hand with protecting wildlife and improving the quality of life for our communities. That is why we’ve partnered with five other West Texas operators and the National Fish and Wildlife Foundation (NFWF) to form the Pecos Watershed Conservation Initiative. Our joint commitment of $3.5 million over three years will fund on-the-ground conservation projects to enhance and restore the natural resources and wildlife habitat in the region.

The Pecos Watershed Conservation Initiative is a new way for those who care about wildlife and those seeking to tap the vast Permian Basin oil reserves to work together. All of the partners believe that we will be able to achieve long-term conservation benefits for species and for local communities,” said Jeff Trandahl, executive director and CEO of NFWF.

Hear more about our commitments in West Texas:

D.A.R.E to Make a Difference

In Pecos, Texas, the D.A.R.E. program helps students develop good decision-making skills through awareness and education programs in the local schools. This mission aligns directly with our commitment to support the educational needs of the communities where we operate. Our work with the Pecos program supports the development of K-12 educational resources that prevent drug and alcohol use by developing core skills needed to make safe and responsible choices.  

DARE

A Look Inside

Exceeding Expectations With Excellent Operations