Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A - NOBLE ENERGY INC | h83872e8vkza.htm |
Exhibit 99.1
Schedule 6
Noble Energy, Inc.
Effect of Commodity Derivative Instruments
(in millions, unaudited)
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. |