Clayton Williams Energy Acquisition (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Business Acquisitions, by Acquisition

The following table sets forth our preliminary purchase price allocation:



(millions, except per share amounts)
Fair Value of Common Stock Issued	$	1,876
Plus: Cash Consideration Paid to Clayton Williams Energy Stockholders	637
Total Purchase Price	$	2,513
Plus Liabilities Assumed by Noble Energy:
Accounts Payable	99
Other Current Liabilities	38
Long-Term Deferred Tax Liability	509
Long-Term Debt	595
Asset Retirement Obligations	63
Total Purchase Price Plus Liabilities Assumed	$	3,817

The fair values of Clayton Williams Energy's identifiable assets are as follows:



(millions)
Cash and Cash Equivalents	$	21
Other Current Assets	70
Oil and Gas Properties:
Proved Reserves	722
Undeveloped Leasehold Cost	1,571
Gathering and Processing Assets	48
Asset Retirement Costs	63
Other Property Plant and Equipment	12
Implied Goodwill	1,310
Total Asset Value	$	3,817

Business Acquisition, Pro Forma Information

The pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the Clayton Williams Energy Acquisition taken place on January 1, 2016; furthermore, the financial information is not intended to be a projection of future results.



	Year Ended December 31,
(millions, except per share amounts)	2017			2016
Revenues	$	4,304		$	3,651
Net Loss and Comprehensive Loss Attributable to Noble Energy	(678		)	(1,082		)

Net Loss Attributable to Noble Energy per Common Share
Basic and Diluted	$	(1.39	)	$	(2.23	)