Noble Energy Is High Bidder on Fifteen Deepwater Blocks in Central Gulf of Mexico Lease Sale 206

    HOUSTON, March 20 /CNW/ -- Noble Energy, Inc. (NYSE:   NBL) today announced
it was the apparent high bidder on 15 deepwater lease blocks in the Central
Gulf of Mexico Lease Sale 206, held March 19, 2008.  Of the high bids, Noble
Energy bid alone on 10 and joined with partners on the remaining five with an
average working interest of 43 percent.  In addition, if awarded and acquired,
Noble Energy has the option to acquire an interest in a third-party high bid
    Noble Energy's share of the lease bonuses on its apparent high bids
totaled approximately $167 million.  The 15 high bid blocks cover in excess of
70,000 net acres in water depths ranging from approximately 1,000 feet to
7,740 feet.  Currently, Noble Energy holds interest in 88 deepwater Gulf of
Mexico leases, representing approximately 265,000 net acres.
    Charles D. Davidson, the company's Chairman, President, and CEO, said,
"We are very pleased with the results of the lease sale yesterday.  As a
result of our high bids, we have increased our inventory of attractive
prospects focusing in the Mississippi Canyon, Green Canyon, Walker Ridge, and
Garden Banks areas, which we believe hold significant potential in the
deepwater Gulf of Mexico."
    All high bids are subject to approval by the Minerals Management Service
(MMS) of the U.S. Department of the Interior.
    Noble Energy is one of the nation's leading independent energy companies
and operates throughout major basins in the United States including Colorado's
Wattenberg field, Piceance basin the Mid-continent region of western Oklahoma
and the Texas Panhandle, the San Juan Basin in New Mexico, the Gulf Coast and
the deepwater Gulf of Mexico.  In addition, Noble Energy operates
internationally in Argentina, China, Ecuador, the Mediterranean Sea, the North
Sea, West Africa (Equatorial Guinea and Cameroon) and Suriname.  Visit Noble
Energy online at
    This news release may include projections and other "forward-looking
statements" within the meaning of the federal securities laws.  Any such
projections or statements reflect Noble Energy's current views about future
events and financial performance.  No assurances can be given that such events
or performance will occur as projected, and actual results may differ
materially from those projected.  Important factors that could cause the
actual results to differ materially from those projected include, without
limitation, the possibility that the proposed sale will not be consummated,
the volatility in commodity prices for oil and gas, the presence or
recoverability of estimated reserves, the ability to replace reserves,
environmental risks, drilling and operating risks, exploration and development
risks, competition, government regulation or other action, the ability of
management to execute its plans to meet its goals and other risks inherent in
Noble Energy's business that are detailed in its Securities and Exchange
Commission filings.  Investors are urged to consider closely the disclosures
and risk factors in our Forms 10-K and 10-Q, File No. 1-07964, available from
Noble Energy's offices or website,  These forms
can also be obtained from the SEC by calling 1-800-SEC-0330.

For further information:

For further information: David Larson, +1-281-872-3125,, or Brad Whitmarsh, +1-281-872-3187,, both of Noble Energy, Inc.; Web Site:

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