In this part of the series, we’ll take a look at Noble Energy’s (NBL) cash flows. In 1Q17, Noble reported cash flow from operations (or CFO) of $536 million.
According to a presentation released by Noble Energy (NBL) in June 2017, it has maintained a liquidity position of ~$5 billion since 2014.
Since 1Q15, Noble Energy’s (NBL) total debt has risen significantly. However, it has fallen since the peaks it saw between 3Q15 and 1Q16.
Noble Energy’s (NBL) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) rose steadily between 1Q15 and 1Q16.
Noble Energy (NBL) generated $245 million from its first dropdown to Noble Midstream Partners (NBLX) earlier in June 2017.
On February 23, 2017, Noble Energy (NBL) sanctioned the first phase of its Leviathan natural gas project offshore Israel.
Let’s take a look at Noble Energy’s (NBL) average drilling costs per foot in the DJ and Delaware Basins and the Eagle Ford Shale.
Crude oil represented 31% of Noble Energy’s total production in 1Q17. Crude oil’s share as a percentage of its total production fell between 4Q15 and 2Q16, but since then, it’s mostly risen.
As we’ve learned, Noble Energy’s (NBL) total US onshore volumes are expected to rise 10% year-over-year in 2017 after adjusting for the impact of 2016 divestments.
Noble Energy (NBL) owns 35,000 net acres in the Eagle Ford Shale, with 360 gross drilling locations and 460 MMboe (million barrels of oil equivalent) net unrisked resources.
Noble Energy (NBL) holds the largest acreage position in the DJ Basin compared to its acreage positions in other plays in the US onshore space.
Noble Energy (NBL) owns 118,000 net acres and 4,225 gross drilling locations in the Delaware Basin.
Noble Energy’s (NBL) total US onshore volumes, after adjusting for its 2016 divestments, are expected to rise 10% in 2017 compared to 2016.
As we’ve learned, one of Noble Energy’s (NBL) key goals this year is to accelerate its liquids growth in the US onshore industry.
Since 2014, Noble Energy’s (NBL) focus has shifted to US onshore liquids plays and the Eastern Mediterranean. Let’s consider the changes in NBL’s capital allocation.
The first step Noble Energy took toward its objective of increased liquids focus in 2017 was its $2.7 billion acquisition of Clayton Williams Energy, which it announced in January this year.
Noble Energy has been increasing its US onshore liquids focus. It holds acreage positions in premiere US shale plays such as the DJ Basin, the Delaware Basin, and the Eagle Ford Shale.
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In this article, we’ll discuss how Amazon’s latest bid to acquire Whole Foods Market has affected the drugstore sector and what it means for the industry going forward.