Noble Energy (NBL) 8-K/A Financial Statements and Exhibits

Exhibit 99.1

Schedule 6
Noble Energy, Inc.
Effect of Commodity Derivative Instruments
(in millions, unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Reclassification from Accumulated Other Comprehensive Loss (AOCL) to Revenue [1]
Crude Oil	$	—		$	(4	)	$	—		$	(9	)
Natural Gas		—			—			—			(1	)
Total Revenue Decrease	$	—		$	(4	)	$	—		$	(10	)
Gain (Loss) on Commodity Derivative Instruments
Crude oil
Realized	$	(22	)	$	(3	)	$	(32	)	$	(5	)
Unrealized		149			107			(125	)		110
Total crude oil	$	127		$	104		$	(157	)	$	105
Natural gas
Realized	$	23		$	36		$	49		$	37
Unrealized		(7	)		(44	)		(35	)		100
Total natural gas		16			(8	)		14			137
Total Gain (Loss) on Commodity Derivative Instruments	$	143		$	96		$	(143	)	$	242
Summary of Cash Settlements
Realized gain (loss) on commodity derivative instruments	$	1		$	33		$	17		$	32
Amounts reclassified from AOCL		—			(4	)		—			(10	)
Cash settlements received (paid)	$	1		$	29		$	17		$	22

[1] The amounts reclassified from AOCL represented deferred unrealized hedge gains and losses. All hedge gains or losses had been reclassified to revenues by December 31, 2010.