Noble Energy Completes Asset Dispositions

Noble Energy, Inc. has completed its asset disposition program first announced in July 2003. The sales price for the five packages of properties, before closing adjustments, totaled approximately $130 million, exceeding the previous sales price target of $110 million.

Charles Davidson, Noble Energy's Chairman, President and CEO, said, "Noble Energy has made great strides in improving the performance of its domestic operations. An important element in that accomplishment has been the rationalization of our domestic assets. We manage our domestic assets through a process of continuous high grading. The properties sold were non-core assets that, at this stage of their productive lives, were better suited to be managed by other companies."