Exhibit 99.1
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| | NEWS RELEASE |
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100 Glenborough Drive | | Contact: Greg Panagos: 281-872-3125 |
Suite 100 | | Investor_Relations@nobleenergyinc.com |
Houston, TX 77067 | | |
NOBLE ENERGY COMPLETES ACQUISITION OF UNITED STATES EXPLORATION, INC.
HOUSTON(March 30, 2006) — Noble Energy, Inc. (NYSE: NBL) today closed its previously announced purchase of United States Exploration, Inc., a privately held corporation located in Billings, Montana. Noble Energy is proceeding with the integration of United States Exploration’s assets into its current operations. The acquisition significantly expands Noble Energy’s operations in its core Wattenberg field located in Colorado.
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, the Mid-continent region of western Oklahoma and the Texas Panhandle, the San Juan Basin in New Mexico and the Gulf of Mexico. In addition, Noble Energy operates internationally in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea and the North Sea. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc. Visit Noble Energy online at http://www.nobleenergyinc.com.
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 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.
