Waiting Period Terminated Early for Noble-Patina Merger

Noble Energy reports that on February 4, 2005, the Antitrust Division of the Department of Justice and the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, applicable to the Company's proposed merger with Patina Oil & Gas Corporation (NYSE: POG). The closing of the transaction remains subject to other customary conditions, including the approval of both Noble Energy's and Patina's stockholders. The transaction is expected to close during the early second quarter of 2005.