Last $57.43 USD
Change Today -1.05 / -1.80%
Volume 2.7M
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Noble Energy Way

Houston, TX 77070

United States

Phone: 281-872-3100

Fax:

12, the company had delivered approximately 420 billion cubic feet of natural gas, net, to Israeli customers. It began selling natural gas from Noa in June 2012 and Pinnacles in July 2012. Other Discoveries Offshore Israel: The company and its partners are working on a development plan for the Dalit field (36% operated working interest), a natural gas discovery. In addition, the company is reviewing alternatives for the development of the Dolphin (39.66% operated working interest) and Tanin 1 (47.06% operated working interest) natural gas discoveries. Cyprus: In 2011, the company made another natural gas discovery when it drilled the A-1 exploration well in Block 12, offshore Cyprus. It is planning to drill an appraisal well in 2013 and is working with the government of Cyprus on a domestic supply project, as well as a LNG project. OTHER INTERNATIONAL Falkland Islands: In 2012, the company entered into an agreement with Falkland Oil and Gas Limited (FOGL) to acquire an interest in FOGL's license areas, including approximately 10 million acres, gross, located south and east of the Falkland Islands. In 2013, the company assumed operatorship of the Northern Area License from FOGL. In January 2014, it assumed operatorship of the Southern Area License, pending governmental approval. Nicaragua: In 2013, the company drilled the Paraiso-1 exploratory well. China: The company has been engaged in exploration and development activities in China. It has a 57% non-operated working interest in the Cheng Dao Xi field, which is located in the shallow water of the southern Bohai Bay. North Sea: During 2013, the company sold substantially all of the non-operated working interest properties located in the U.K. and Netherlands sectors of the North Sea. In 2013, the company sold onshore U.S. crude oil and natural gas properties located in Kansas, Oklahoma, the Gulf Coast, New Mexico and Wyoming. Customers The company’s major customers include Shell Trading (US) Company and Shell International Trading and Shipping Limited, and Glencore Energy UK Ltd. Regulations Internationally, the company’s operations are subject to legal and regulatory oversight by energy-related ministries or other agencies of its host countries, each having certain relevant energy or hydrocarbons laws, including the Ministry of Mines, Industry and Energy which, under such laws as the hydrocarbons law enacted in 2006 by the government of Equatorial Guinea, regulates its exploration, development, and production activities offshore Equatorial Guinea; the Ministry of Energy and Water Resources, which regulates both its exploration and development activities offshore Israel and the Israeli electricity market into which the company sells its natural gas production; the Israeli Antitrust Commission, which reviews Israel's domestic natural gas sales and ownership in offshore blocks and leases; the Ministry of Commerce, Industry, and Tourism, which regulates its exploration and development activities offshore Cyprus; the Department of Energy and Climate Change, which regulates its exploration and development activities in the U.K. sector of the North Sea; various agencies in China, which under such laws as the Provisional Regulations on Administration and Management of the Abandonment of Offshore Oil and Gas Producing Facilities enacted in 2010, regulate its development and production activities offshore China; the Petroleum Directorate, which regulates its exploration activities offshore Sierra Leone; and the Department of Mineral Resources, which regulates its exploration activities offshore the Falkland Islands. The other laws affecting the company’s international operations are the Israeli Petroleum Profits Taxation Law, 2011, which imposes additional income tax on oil and gas production, and the UK Finance Bill 2011, which increased the rate of the Supplementary Charge levied on oil and gas income. Also affecting its operations in Israel is the Law for Change in the Tax Burden (Amendments to Legislation), 2011 (the 2011 Tax Act). The U.S. federal agencies with regulatory authority over the company’s exploration for, and production and

 

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NBL

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Valuation NBL Industry Range
Price/Earnings 29.5x
Price/Sales 3.9x
Price/Book 2.2x
Price/Cash Flow 8.2x
TEV/Sales 2.8x
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