-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ma+X7M3hGWhtZ7hHdkwR4WHQtl4t6lA4YxbxNxJ6i9xIWZAjwt7s2ZdfsVDyRZM7 Ykgq2gBcrkYeAvExk831IA== 0001140361-10-030762.txt : 20100729 0001140361-10-030762.hdr.sgml : 20100729 20100729162829 ACCESSION NUMBER: 0001140361-10-030762 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20100630 FILED AS OF DATE: 20100729 DATE AS OF CHANGE: 20100729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOBLE ENERGY INC CENTRAL INDEX KEY: 0000072207 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 730785597 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07964 FILM NUMBER: 10978213 BUSINESS ADDRESS: STREET 1: 100 GLENBOROUGH STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77067 BUSINESS PHONE: 2818723100 MAIL ADDRESS: STREET 1: 100 GLENBOROUGH STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77067 FORMER COMPANY: FORMER CONFORMED NAME: NOBLE AFFILIATES INC DATE OF NAME CHANGE: 20020426 FORMER COMPANY: FORMER CONFORMED NAME: NOBLE AFFILIATES INC DATE OF NAME CHANGE: 19920703 10-Q 1 form10q.htm NOBLE ENERGY 10-Q 6-30-2010 form10q.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 10-Q

x
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
   
   
OF THE SECURITIES EXCHANGE ACT OF 1934
   

For the quarterly period ended June 30, 2010

OR

o
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
   
   
OF THE SECURITIES EXCHANGE ACT OF 1934
   

For the transition period from _____to_____

Commission file number: 001-07964
 
NOBLE ENERGY, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
 
73-0785597
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. employer identification number)
100 Glenborough Drive, Suite 100
   
Houston, Texas
 
77067
(Address of principal executive offices)
 
(Zip Code)
(281) 872-3100
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     
Yes x    No o
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes x    No o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer x
Accelerated filer o
Non-accelerated filer o
Smaller reporting company o
 
(Do not check if a smaller reporting company)
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes o    No x
 
As of July 15, 2010, there were 174,800,348 shares of the registrant’s common stock,
par value $3.33 1/3 per share, outstanding.
 


 
 

 

   
TABLE OF CONTENTS
   
       
Page
   
PART I
   
Item 1.
 
Financial Statements
   
     
3
     
4
     
5
     
6
     
7
         
Item 2.
   
22
         
Item 3.
   
40
         
Item 4.
   
41
         
   
PART II
   
Item 1.
   
41
         
Item 1A.
   
41
         
Item 2.
   
43
         
Item 3.
   
43
         
Item 4.
   
43
         
Item 5.
   
43
         
Item 6.
   
43


Part I. Financial Information
Item 1. Financial Statements

Noble Energy, Inc. and Subsidiaries
Consolidated Statements of Operations
(millions, except per share amounts)
(unaudited)

   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
Revenues
                       
Oil, Gas and NGL Sales
  $ 710     $ 460     $ 1,398     $ 866  
Income from Equity Method Investees
    24       16       50       27  
Other Revenues
    17       15       36       39  
Total
    751       491       1,484       932  
Costs and Expenses
                               
Production Expense
    150       129       289       260  
Exploration Expense
    52       33       132       75  
Depreciation, Depletion and Amortization
    215       196       431       396  
General and Administrative
    63       60       129       119  
Asset Impairments
    -       -       -       437  
Other Operating (Income) Expense, Net
    41       (3 )     55       (11 )
Total
    521       415       1,036       1,276  
Operating Income (Loss)
    230       76       448       (344 )
Other (Income) Expense
                               
(Gain) Loss on Commodity Derivative Instruments
    (96 )     139       (242 )     66  
Interest, Net of Amount Capitalized
    19       23       39       41  
Other Non-Operating (Income) Expense, Net
    (13 )     4       (13 )     12  
Total
    (90 )     166       (216 )     119  
Income (Loss) Before Income Taxes
    320       (90 )     664       (463 )
Income Tax Provision (Benefit)
    116       (33 )     223       (218 )
Net Income (Loss)
  $ 204     $ (57 )   $ 441     $ (245 )
                                 
Earnings (Loss) Per Share, Basic
  $ 1.17     $ (0.33 )   $ 2.53     $ (1.42 )
Earnings (Loss) Per Share, Diluted
    1.10       (0.33 )     2.44       (1.42 )
                                 
Weighted Average Number of Shares Outstanding, Basic
    175       173       175       173  
Weighted Average Number of Shares Outstanding, Diluted
    178       173       178       173  

The accompanying notes are an integral part of these financial statements.


Noble Energy, Inc.
Consolidated Balance Sheets
(millions)

   
(unaudited) June 30,
   
December 31,
 
   
2010
   
2009
 
ASSETS
 
Current Assets
           
Cash and Cash Equivalents
  $ 1,017     $ 1,014  
Accounts Receivable, Net
    538       465  
Assets Held for Sale
    375       -  
Other Current Assets
    257       199  
Total Assets, Current
    2,187       1,678  
Property, Plant and Equipment
               
Oil and Gas Properties (Successful Efforts Method of Accounting)
    13,381       12,584  
Property, Plant and Equipment, Other
    252       240  
Total Property, Plant and Equipment, Gross
    13,633       12,824  
Accumulated Depreciation, Depletion and Amortization
    (4,067 )     (3,908 )
Total Property, Plant and Equipment, Net
    9,566       8,916  
Goodwill
    757       758  
Other Noncurrent Assets
    503       455  
Total Assets
  $ 13,013     $ 11,807  
                 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
Current Liabilities
               
Accounts Payable - Trade
  $ 751     $ 548  
Other Current Liabilities
    464       442  
Total Liabilities, Current
    1,215       990  
Long-Term Debt
    2,584       2,037  
Deferred Income Taxes, Noncurrent
    2,162       2,076  
Other Noncurrent Liabilities
    511       547  
Total Liabilities
    6,472       5,650  
                 
Commitments and Contingencies
               
                 
Shareholders’ Equity
               
Preferred Stock - Par Value $1.00 per share; 4 Million Shares Authorized, None Issued
    -       -  
Common Stock - Par Value $3.33 1/3 per share; 250 Million Shares Authorized; 195 Million and 194 Million Shares Issued, Respectively
    649       645  
Additional Paid in Capital
    2,327       2,260  
Accumulated Other Comprehensive Loss
    (128 )     (75 )
Treasury Stock, at Cost; 19 Million Shares
    (627 )     (615 )
Retained Earnings
    4,320       3,942  
Total Shareholders’ Equity
    6,541       6,157  
Total Liabilities and Shareholders’ Equity
  $ 13,013     $ 11,807  

The accompanying notes are an integral part of these financial statements.


Noble Energy, Inc.
Consolidated Statements of Cash Flows
(millions)
(unaudited)

   
Six Months Ended June 30,
 
   
2010
   
2009
 
Cash Flows From Operating Activities
           
Net Income (Loss)
  $ 441     $ (245 )
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities
               
Depreciation, Depletion and Amortization
    431       396  
Dry Hole Cost
    54       9  
Asset Impairments
    -       437  
Deferred Income Taxes
    85       (359 )
Income from Equity Method Investees
    (50 )     (27 )
Dividends from Equity Method Investees
    48       5  
Unrealized (Gain) Loss on Commodity Derivative Instruments
    (210 )     358  
Gain on Asset Sale
    -       (24 )
Other Adjustments for Noncash Items Included in Income
    24       (1 )
Changes in Operating Assets and Liabilities
               
(Increase) Decrease in Accounts Receivable
    (73 )     7  
Decrease in Other Current Assets
    28       17  
Increase in Accounts Payable
    102       10  
Decrease in Other Current Liabilities
    (3 )     (47 )
Other Operating Assets and Liabilities, Net
    (33 )     (38 )
Net Cash Provided by Operating Activities
    844       498  
                 
Cash Flows From Investing Activities
               
Additions to Property, Plant and Equipment
    (782 )     (777 )
DJ Basin Asset Acquisition
    (466 )     -  
Net Cash Used in Investing Activities
    (1,248 )     (777 )
                 
Cash Flows From Financing Activities
               
Exercise of Stock Options
    28       13  
Excess Tax Benefits from Stock-Based Awards
    16       3  
Dividends Paid, Common Stock
    (63 )     (63 )
Purchase of Treasury Stock
    (12 )     (1 )
Proceeds from Credit Facilities
    1,165       340  
Repayment of Credit Facilities
    (727 )     (1,161 )
Proceeds from Issuance of Senior Long-Term Debt
    -       989  
Repayment of Installment Note
    -       (25 )
Net Cash Provided by Financing Activities
    407       95  
Increase (Decrease) in Cash and Cash Equivalents
    3       (184 )
Cash and Cash Equivalents at Beginning of Period
    1,014       1,140  
Cash and Cash Equivalents at End of Period
  $ 1,017     $ 956  

The accompanying notes are an integral part of these financial statements.


Noble Energy, Inc.
Consolidated Statements of Shareholders' Equity
(millions)
(unaudited)

   
Common Stock
   
Additional Paid in Capital
   
Acumulated Other Comprehensive Loss
   
Treasury Stock at Cost
   
Retained Earnings
   
Total Shareholder's Equity
 
December 31, 2009
  $ 645     $ 2,260     $ (75 )   $ (615 )   $ 3,942     $ 6,157  
Net Income
    -       -       -       -       441       441  
Stock-based Compensation
    -       27       -       -       -       27  
Exercise of Stock Options
    2       26       -       -       -       28  
Tax Benefits Related to Exercise of Stock Options
    -       16       -       -       -       16  
Restricted Stock Awards, Net
    2       (2 )     -       -       -       -  
Dividends (36 cents per share)
    -       -       -       -       (63 )     (63 )
Changes in Treasury Stock, Net
    -       -       -       (12 )     -       (12 )
Oil and Gas Cash Flow Hedges                                                
Realized Amounts Reclassified Into Earnings
    -       -       6       -       -       6  
Interest Rate Cash Flow Hedges                                                
Unrealized Change in Fair Value
    -       -       (61 )     -       -       (61 )
Net Change in Other
    -       -       2       -       -       2  
June 30, 2010
  $ 649     $ 2,327     $ (128 )   $ (627 )   $ 4,320     $ 6,541  
                                                 
December 31, 2008
  $ 641     $ 2,193     $ (110 )   $ (614 )   $ 4,199     $ 6,309  
Net Loss
    -       -       -       -       (245 )     (245 )
Stock-based Compensation
    -       24       -       -       -       24  
Exercise of Stock Options
    2       11       -       -       -       13  
Tax Benefits Related to Exercise of Stock Options
    -       3       -       -       -       3  
Restricted Stock Awards, Net
    2       (2 )     -       -       -       -  
Dividends (36 cents per share)
    -       -       -       -       (63 )     (63 )
Changes in Treasury Stock, Net
    -       -       -       (1 )     -       (1 )
Oil and Gas Cash Flow Hedges                                                
Realized Amounts Reclassified Into Earnings
    -       -       20       -       -       20  
Net Change in Other
    -       -       (1 )     -       -       (1 )
June 30, 2009
  $ 645     $ 2,229     $ (91 )   $ (615 )   $ 3,891     $ 6,059  

The accompanying notes are an integral part of these financial statements.


Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

 
Note 1.  Organization and Nature of Operations
Noble Energy, Inc. (Noble Energy, we or us) is an independent energy company engaged in global crude oil, natural gas and NGL exploration and production. We operate primarily in the Rocky Mountains, Mid-Continent, and deepwater Gulf of Mexico areas in the US, with core international operations offshore Israel and West Africa.
 
Note 2.  Basis of Presentation
Presentation   Our consolidated accounts include our accounts and the accounts of our wholly-owned subsidiaries. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US generally accepted accounting principles (GAAP) for complete financial statements. The accompanying consolidated financial statements at June 30, 2010 and December 31, 2009 and for the three and six months ended June 30, 2010 and 2009 contain all normally recurring adjustments considered necessary for a fair presentation of our fi nancial position, results of operations and cash flows for such periods. Operating results for the three and six months ended June 30, 2010 are not necessarily indicative of the results that may be expected for the year ended December 31, 2010. Certain reclassifications of amounts previously reported have been made to conform to current year presentations. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our annual report on Form 10-K for the year ended December 31, 2009.
 
Estimates   The preparation of consolidated financial statements in conformity with GAAP requires us to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.
 
Statements of Operations Information   Other statements of operations information is as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Other Revenues
                       
Electricity Sales (1)
  $ 16     $ 11     $ 35     $ 32  
Other
    1       4       1       7  
Total
  $ 17     $ 15     $ 36     $ 39  
Production Expense
                               
Lease Operating Expense
  $ 100     $ 93     $ 188     $ 193  
Production and Ad Valorem Taxes
    34       23       67       42  
Transportation Expense
    16       13       34       25  
Total
  $ 150     $ 129     $ 289     $ 260  
Other Operating (Income) Expense, Net
                               
Rig Contract Termination Expense (2)
  $ 26     $ -     $ 26     $ -  
Gain on Asset Sale (3)
    -       (24 )     -       (24 )
Electricity Generation Expense (1)
    7       11       17       (19 )
Other, Net
    8       10       12       32  
Total
  $ 41     $ (3 )   $ 55     $ (11 )
Other Non-Operating (Income) Expense, Net
                               
Deferred Compensation (4)
  $ (13 )   $ 5     $ (11 )   $ 10  
Interest Income
    (2 )     (1 )     (4 )     (1 )
Other (Income) Expense, Net
    2       -       2       3  
Total
  $ (13 )   $ 4     $ (13 )   $ 12  
 
(1)
Includes amounts related to our 100%-owned Ecuador integrated power project. The project includes the Amistad natural gas field, offshore Ecuador, which supplies natural gas to fuel the Machala power plant located in Machala, Ecuador. Electricity generation expense includes all operating and non-operating expenses associated with the plant, including depreciation, depletion and amortization expense (DD&A) and changes in the allowance for doubtful accounts. Electricity generation expense for the first six months of 2009 includes a reduction in the allowance for doubtful accounts of $46 million received in accordance with the terms of a settlement with entities purchasing electricity in Ecuador.
 
(2)
See Note 3. Impact of Federal Deepwater Moratorium.
 
(3)
In February 2008, effective July 1, 2007, we sold our interest in Argentina. The gain on sale was deferred until second quarter 2009 when the Argentine government approved the sale.
 
(4)
Amount represents increases (decreases) in the fair value of our common stock held in a rabbi trust.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Balance Sheet Information   Other balance sheet information is as follows:
 
   
June 30,
   
December 31,
 
   
2010
   
2009
 
(millions)
           
Accounts Receivable, Net
           
Commodity Sales
  $ 254     $ 205  
Joint Interest Billings
    282       140  
Refund of Deepwater Gulf of Mexico Royalties (1)
    -       97  
Other
    30       54  
Allowance for Doubtful Accounts
    (28 )     (31 )
Total
  $ 538     $ 465  
Other Current Assets
               
Inventories, Current
  $ 99     $ 89  
Commodity Derivative Assets, Current
    71       13  
Prepaid Expenses and Other Assets, Current
    26       65  
Deferred Income Taxes, Net, Current
    61       32  
Total
  $ 257     $ 199  
Other Noncurrent Assets
               
Equity Method Investments
  $ 305     $ 303  
Mutual Fund Investments
    103       108  
Commodity Derivative Assets, Noncurrent
    51       1  
Other Assets, Noncurrent
    44       43  
Total
  $ 503     $ 455  
Accounts Payable - Trade
               
Capital Costs
  $ 441     $ 277  
Royalties Payable
    86       65  
Lease Operating Expense
    40       27  
Rig Contract Termination Expense (2)
    26       -  
Other
    158       179  
Total
  $ 751     $ 548  
Other Current Liabilities
               
Production and Ad Valorem Taxes
  $ 102     $ 103  
Commodity Derivative Liabilities, Current
    4       100  
Interest Rate Derivative Liability, Current
    94       -  
Income Taxes Payable
    77       60  
Asset Retirement Obligations, Current
    63       51  
Interest Payable
    37       37  
Other
    87       91  
Total
  $ 464     $ 442  
Other Noncurrent Liabilities
               
Deferred Compensation Liabilities, Noncurrent
  $ 200     $ 213  
Asset Retirement Obligations, Noncurrent
    187       181  
Accrued Benefit Costs, Noncurrent
    80       76  
Commodity Derivative Liabilities, Noncurrent
    1       17  
Other
    43       60  
Total
  $ 511     $ 547  
 
(1)
During 2010, we received a refund, including interest thereon, attributable to royalties that we previously paid on crude oil and natural gas produced in the deepwater Gulf of Mexico from January 1, 2003 through July 31, 2009.
 
(2)
See Note 3. Impact of Federal Deepwater Moratorium.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Recently Adopted Accounting Standards    In February 2010, the Financial Accounting Standards Board (FASB) amended its guidance on subsequent events to remove the requirement for SEC filers to disclose the date through which an entity has evaluated subsequent events. The guidance was effective upon issuance. We adopted this guidance effective first quarter 2010.
 
The FASB also issued new guidance requiring additional disclosures about fair value measurements, adding a new requirement to disclose transfers in and out of Levels 1 and 2 measurements and gross presentation of activity within a Level 3 roll forward. The guidance also clarified existing disclosure requirements regarding the level of disaggregation of fair value measurements and disclosures regarding inputs and valuation techniques. We adopted this guidance effective first quarter 2010. Adoption had no impact on our financial position or results of operations. See Note 7. Fair Value Measurements and Disclosures.
 
Note 3.  Impact of Federal Deepwater Moratorium
During second quarter 2010, a six-month moratorium on drilling in the deepwater Gulf of Mexico (Federal Deepwater Moratorium or Moratorium) was enacted in response to an apparent blowout and fire on a deepwater drilling rig, Deepwater Horizon, which was engaged in drilling operations for another operator (the Deepwater Horizon Incident or the Incident). The Incident resulted in the loss of life and a significant oil spill. As a result, all deepwater drilling activities in progress at the time the Moratorium was announced were suspended.
 
As a result of the Moratorium, we entered into an agreement to terminate our contract for the Noble Clyde Boudreaux drilling rig and recognized rig contract termination expense of $26 million during second quarter 2010, in accordance with GAAP for contract termination costs. The amount is included in other operating (income) expense, net in our consolidated statements of operations. The US reporting unit recorded a related $26 million liability at June 30, 2010.
 
Note 4.  Acquisitions and Divestitures
DJ Basin Asset Acquisition   On March 1, 2010, we acquired substantially all of the US Rocky Mountain assets of Petro-Canada Resources (USA) Inc. and Suncor Energy (Natural Gas) America Inc. The acquisition included properties located in the Greater Denver-Julesberg (DJ) Basin, one of our core onshore US operating areas. We funded the acquisition using our existing credit facility.
 
The total purchase price and allocation of the total purchase price are as follows:
 
   
June 30, 2010
 
(millions)
     
Total Purchase Price
     
Cash Paid
  $ 466  
Net Liabilities Assumed
    43  
Total
  $ 509  
         
Allocation of Total Purchase Price
       
Proved Oil and Gas Properties
  $ 363  
Unproved Oil and Gas Properties
    146  
Total
  $ 509  
 
The difference between the total purchase price and the fair values of the assets acquired was de minimis.
 
To estimate the fair values of the properties, we used an income approach as comparable market data was not available. We utilized a discounted cash flow model which took into account the following inputs to arrive at estimates of future net cash flows:
 
 
·
estimated quantities of crude oil and natural gas prepared by our qualified petroleum engineers;
 
·
estimated future commodity prices based on NYMEX crude oil and natural gas futures prices as of the acquisition date and adjusted for estimated location and quality differentials;
 
·
estimated future production rates based on our experience with similar DJ Basin properties which we operate; and
 
·
estimated timing and amounts of future operating and development costs based on our experience with similar DJ Basin properties which we operate.
 
To estimate the fair value of proved properties, we discounted the future net cash flows using a market-based weighted average cost of capital rate determined appropriate at the acquisition date. To compensate for the inherent risk of estimating and valuing unproved properties, we reduced the discounted future net cash flows of probable and possible reserves by additional risk-weighting factors. The fair values of the proved and unproved oil and gas properties are considered Level 3 fair value measurements.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Certain data necessary to complete the final purchase price allocation is not yet available, and includes, but is not limited to, final appraisals of assets acquired and liabilities assumed. We expect to complete the final purchase price allocation during the 12-month period following the acquisition date, during which time the preliminary allocation may be revised.
 
Related transaction costs were expensed. We have not presented pro forma information for the acquired business as the impact of the acquisition was not material to our consolidated balance sheet as of June 30, 2010, or our consolidated results of operations for the three and six months ended June 30, 2010.
 
Sale of Onshore US Assets   We have entered into an agreement to divest certain non-core properties in the Mid-Continent and Illinois Basin areas for a sales price of approximately $550 million. We expect the sale, which will be effective as of April 1, 2010, to close in third quarter 2010. Information regarding assets and liabilities of the disposal group held for sale is as follows:
 
   
June 30,
 
   
2010
 
(millions)
     
Property, Plant and Equipment Held for Sale (Net Book Value)
  $ 375  
Goodwill Allocated to Properties Held for Sale
    65  
Asset Retirement Obligations Associated with Properties Held for Sale
    (12 )

Note 5.   Debt
Our debt consists of the following:
   
June 30,
   
December 31,
 
   
2010
   
2009
 
   
Debt
   
Interest Rate
   
Debt
   
Interest Rate
 
(millions, except percentages)
                       
Credit Facility (1)
  $ 820       0.66 %   $ 382       0.54 %
5¼% Senior Notes, due April 15, 2014
    200       5.25 %     200       5.25 %
8¼% Senior Notes, due March 1, 2019
    1,000       8.25 %     1,000       8.25 %
7¼% Notes, due October 15, 2023
    100       7.25 %     100       7.25 %
8% Senior Notes, due April 1, 2027
    250       8.00 %     250       8.00 %
7¼% Senior Debentures, due August 1, 2097
    84       7.25 %     84       7.25 %
FPSO Lease Obligation (2)
    137       -       29       -  
Total
    2,591               2,045          
Unamortized Discount
    (7 )             (8 )        
Total Debt, Net of Discount
  $ 2,584             $ 2,037          
 
(1)
The increase in the credit facility balance from December 31, 2009 represents amounts drawn to fund the DJ Basin asset acquisition and other capital expenditures. See Note 4. Acquisitions and Divestitures.
 
(2)
Amount reported is based on percentage of floating production, storage and offloading vessel (FPSO) construction activities completed as of June 30, 2010, and therefore does not reflect future minimum lease obligations. The increase in the FPSO lease obligation is a non-cash financing activity.
 
Note 6.  Derivative Instruments and Hedging Activities
Objectives and Strategies for Using Derivative Instruments   In order to reduce commodity price uncertainty and enhance the predictability of cash flows relating to the marketing of our crude oil and natural gas, we enter into crude oil and natural gas price hedging arrangements with respect to a portion of our expected production. The derivative instruments we use include variable to fixed price commodity swaps, collars and basis swaps. While these instruments mitigate the cash flow risk of future reductions in commodity prices they may also curtail benefits from future increases in commodity prices.
 
We may also use derivative instruments to manage interest rate risk by entering into forward contracts or swap agreements to minimize the impact of interest rate fluctuations associated with fixed or floating rate borrowings. We designate these as cash flow hedges.
 
All derivative instruments are reflected as either assets or liabilities at fair value in our consolidated balance sheets. See Note 7. Fair Value Measurements and Disclosures for a discussion of methods and assumptions used to estimate the fair values of derivative instruments and gross amounts of derivative assets and liabilities.
 
Counterparty Credit Risk   Derivative instruments expose us to counterparty credit risk. Our commodity derivative instruments are currently with a diversified group of financial institutions.  We generally execute commodity derivative instruments under master agreements which allow us, in the event of default, to elect early termination of all contracts with the defaulting counterparty.  If we choose to elect early termination, all asset and liability positions with the defaulting counterparty would be net cash settled at the time of election.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

We monitor the creditworthiness of our counterparties. However, we are not able to predict sudden changes in counterparties’ creditworthiness. In addition, even if such changes are not sudden, we may be limited in our ability to mitigate an increase in counterparty credit risk. Possible actions would be to transfer our position to another counterparty or request a voluntary termination of the derivative contracts resulting in a cash settlement. Should one of these financial counterparties not perform, we may not realize the benefit of some of our derivative instruments under lower commodity prices as well as incur a loss.  We include a measure of counterparty credit risk in our estimates of the fair values of derivative instruments in an asset position.
 
Accounting for Commodity Derivative Instruments   We recognize all gains and losses on commodity derivative instruments in earnings during the period in which they occur.  Prior to January 1, 2008, we elected to designate certain of our commodity derivative instruments as cash flow hedges. Net derivative gains and losses that were deferred in accumulated other comprehensive loss (AOCL) as of January 1, 2008, as a result of previous cash flow hedge accounting, are reclassified to earnings in future periods as the original hedged transactions occur.  See Derivative Instruments in Cash Flow Hedging Relationships table below.
 
Accounting for Interest Rate Derivative Instruments    Changes in fair value of interest rate swaps or interest rate “locks” used as cash flow hedges are reported in AOCL, to the extent the hedge is effective, until the forecasted transaction occurs, at which time they are recorded as adjustments to interest expense over the term of the related notes. In January 2010, in anticipation of a long-term debt issuance, we entered into an interest rate forward starting swap to effectively fix the cash flows related to interest payments on the anticipated debt issuance. We are accounting for the instrument as a cash flow hedge against the variability of interest payments attributable to changes in interest rates on the forecasted issuance of fixed-rate debt. The swap is in the notional amount of $500 million and is based on a 30-year LIBOR swap rate.
 
Unsettled Derivative Instruments   As of June 30, 2010, we had entered into the following crude oil derivative instruments:  
 
   
Variable to Fixed Price Swaps
 
Two Way Collars
 
Period
 
Index
   
Bbls Per Day
   
Weighted Average Fixed Price
 
Index
 
Bbls Per Day
   
Weighted Average Floor Price
       Weighted Average Ceiling Price  
                                       
3rd Qtr - 4th Qtr 2010
 
NYMEX WTI
      3,000     $ 83.36  
NYMEX WTI
    14,500     $ 61.48     $ 75.63  
3rd Qtr - 4th Qtr 2010
 
Dated Brent
      1,000       80.05  
Dated Brent
    7,000       64.00       73.96  
2010 Average
          4,000       82.53         21,500       62.30       75.09  
                                                 
2011
    -       -       -  
NYMEX WTI
    13,000       80.15       94.63  
                                                   
2012
 
NYMEX WTI
      5,000       91.84  
 -
    -       -       -  

   
Three Way Collars (1)
 
Period
 
Index
 
Bbls Per Day
   
Weighted Average Short Put Price
   
Weighted Average Floor Price
   
Weighted Average Ceiling Price
 
                             
2011
 
NYMEX WTI
    5,000     $ 56.00     $ 76.00     $ 101.46  

(1)
A three-way collar consists of a collar contract combined with a put option contract sold by us with a price below the floor price of the collar.
 
Between July 1 and July 15, 2010, we entered into additional Dated Brent swaps covering 5,000 Bbls per day for calendar year 2012 with a weighted average fixed price of $83.09.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)
 
As of June 30, 2010, we had entered into the following natural gas derivative instruments:
 
   
Variable to Fixed Price Swaps
 
Two Way Collars
 
Period
 
Index
   
MMBtu Per Day
   
Weighted Average Fixed Price
 
Index
 
MMBtu Per Day
   
Weighted Average Floor Price
   
Weighted Average Ceiling Price
 
                                       
3rd Qtr - 4th Qtr 2010
 
NYMEX HH
      40,000     $ 6.10  
NYMEX HH (1)
    210,000     $ 5.90     $ 6.73  
3rd Qtr - 4th Qtr 2010
    -       -       -  
IFERC CIG (2)
    15,000       6.25       8.10  
2010 Average
            40,000       6.10         225,000       5.93       6.82  
                                                   
2011
 
NYMEX HH
      25,000       6.41  
 NYMEX HH
    140,000       5.95       6.82  

   
Three Way Collars
 
Period
 
Index
 
MMBtu Per Day
   
Weighted Average Short Put Price
   
Weighted Average Floor Price
   
Weighted Average Ceiling Price
 
                             
2011
 
 NYMEX HH
    50,000     $ 4.00     $ 5.00     $ 6.70  
                                     
2012
 
 NYMEX HH
    50,000     $ 4.75     $ 5.50     $ 7.92  
 
(1)
Henry Hub
(2)
Colorado Interstate Gas - Northern System
 
As of June 30, 2010, we had entered into the following natural gas basis swaps:
 
   
Basis Swaps
 
Period
 
Index
 
Index Less Differential
 
MMBtu Per Day
 
Weighted Average Differential
 
3rd Qtr - 4th Qtr 2010
 
IFERC CIG
 
 NYMEX HH
    110,000     $ (1.49 )
2011
 
IFERC CIG
 
 NYMEX HH
    120,000       (0.73 )
2012
 
IFERC CIG
 
 NYMEX HH
    40,000       (0.52 )
 
Between July 1 and July 15, 2010, we entered into an additional basis swap covering 10,000 MMBtus per day for calendar year 2012 with a NYMEX HH to IFERC CIG differential of $(0.54).
 
Fair Value Amounts and Gains and Losses on Derivative Instruments   The fair values of derivative instruments in our consolidated balance sheets were as follows:
 
Fair Value of Derivative Instruments
 
   
Asset Derivative Instruments
 
Liability Derivative Instruments
 
   
June 30,
 
December 31,
 
June 30,
 
December 31,
 
   
2010
 
2009
 
2010
 
2009
 
   
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
 
(millions)
                                 
Commodity Derivative Instruments (Not Designated as Hedging Instruments)
 
Current Assets
  $ 71  
Current Assets
  $ 13  
Current Liabilities
  $ 4  
Current Liabilities
  $ 100  
   
Noncurrent Assets
    51  
Noncurrent Assets
    1  
Noncurrent Liabilities
    1  
Noncurrent Liabilities
    17  
                                           
Interest Rate Derivative Instruments (Designated as Hedging Instruments)
 
Current Assets
    -  
Current Assets
    -  
Current Liabilities
    94  
Current Liabilities
    -  
Total
      $ 122       $ 14       $ 99       $ 117  


Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

The effect of derivative instruments on our consolidated statements of operations was as follows:
 
Commodity Derivative Instruments Not Designated as Hedging Instruments
 
   
Amount of (Gain) Loss on Derivative Instruments Recognized in Income
 
   
   
Three Months Ended June 30,
 
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Realized Mark-to-Market (Gain) Loss
  $ (33 )   $ (138 )   $ (32 )   $ (292 )
Unrealized Mark-to-Market (Gain) Loss
    (63 )     277       (210 )     358  
Total (Gain) Loss on Commodity Derivative Instruments
  $ (96 )   $ 139     $ (242 )   $ 66  

Derivative Instruments in Cash Flow Hedging Relationships
 
   
 
Amount of (Gain) Loss on Derivative Instruments Recognized in Other Comprehensive (Income) Loss
   
Amount of (Gain) Loss on Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                   
Three Months Ended June 30,
           
Commodity Derivative Instruments in Previously Designated Cash Flow Hedging Relationship (1)
                       
Crude Oil Derivative Instruments
  $ -     $ -     $ 4     $ 15  
                                 
Interest Rate Derivative Instruments in Cash Flow Hedging Relationships
    83       -       -       -  
Total
  $ 83       -     $ 4     $ 15  
Six Months Ended June 30,
               
Commodity Derivative Instruments in Previously Designated Cash Flow Hedging Relationships (1)
                               
Crude Oil Derivative Instruments
  $ -     $ -     $ 9     $ 32  
Natural Gas Derivative Instruments
    -       -       1       -  
                                 
Interest Rate Derivative Instruments in Cash Flow Hedging Relationships
    94       -       -       -  
Total
  $ 94       -     $ 10     $ 32  
 
(1)
Includes effect of commodity derivative instruments previously accounted for as cash flow hedges. Net derivative gains and losses that were deferred in AOCL as of January 1, 2008, as a result of previous cash flow hedge accounting, are reclassified to earnings in future periods as the original hedged transactions occur. 
 
AOCL   As of June 30, 2010, the balance in AOCL included deferred losses of $6 million related to the fair value of commodity derivative instruments previously accounted for as cash flow hedges. The deferred losses are net of deferred income tax benefits of $4 million. All remaining deferred losses will be reclassified to earnings during the period July 1 through December 31, 2010, as the forecasted transactions occur, and will be recorded as a reduction in oil and gas sales of approximately $10 million before tax.
 
AOCL also included deferred losses of $63 million, net of tax, related to interest rate derivative instruments. Of this amount, $2 million, net of tax, is currently being reclassified into earnings as adjustments to interest expense over the term of our 5¼% Senior Notes due April 2014. Approximately $61 million will remain in AOCL until fixed-rate debt is issued, at which time we will begin amortizing it to interest expense over the life of the related debt issuance.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Note 7.  Fair Value Measurements and Disclosures
 
Assets and Liabilities Measured at Fair Value on a Recurring Basis
 
Certain assets and liabilities are measured at fair value on a recurring basis in our consolidated balance sheets.  The following methods and assumptions were used to estimate the fair values:
 
Cash, Cash Equivalents, Accounts Receivable and Accounts Payable   The carrying amounts approximate fair value due to the short-term nature or maturity of the instruments.
 
Mutual Fund Investments   Our mutual fund investments, which primarily include assets held in a rabbi trust, consist of various publicly-traded mutual funds that include investments ranging from equities to money market instruments. The fair values are based on quoted market prices for identical assets.
 
Commodity Derivative Instruments   Our commodity derivative instruments consist of variable to fixed price commodity swaps, collars and basis swaps. We estimate the fair values of these instruments based on published forward commodity price curves for the underlying commodities as of the date of the estimate. The discount rate used in the discounted cash flow projections is based on published LIBOR rates, Eurodollar futures rates and interest swap rates. The fair values of commodity derivative instruments in an asset position include a measure of counterparty credit risk, and the fair values of commodity derivative instruments in a liability position include a measure of our own nonperformance risk, each based on the current published credit default swap rates. In add ition, for collars, we estimate the option value of the contract floors and ceilings using an option pricing model which takes into account market volatility, market prices and contract terms. See Note 6. Derivative Instruments and Hedging Activities.
 
Interest Rate Derivative Instrument   We estimate the fair value of our forward starting swap based on published interest rate yield curves as of the date of the estimate. The fair values of interest rate derivative instruments in an asset position include a measure of counterparty credit risk, and the fair values of interest rate derivative instruments in a liability position include a measure of our own nonperformance risk, each based on the current published credit default swap rates.
 
Deferred Compensation Liability   A portion of our deferred compensation liability is measured at fair value, which is dependant upon the fair values of mutual fund investments and shares of our common stock held in a rabbi trust. See Mutual Fund Investments above.
 
Measurement information for assets and liabilities that are measured at fair value on a recurring basis was as follows:
 
   
Fair Value Measurements Using
             
   
Quoted Prices in Active Markets (Level 1) (1)
 
Significant Other Observable Inputs (Level 2) (2)
 
Significant Unobservable Inputs (Level 3) (3)
   
Adjustment (4)
   
Fair Value Measurement
 
(millions)
                             
June 30, 2010
                             
Financial Assets
                             
Mutual Fund Investments
  $ 103     $ -     $ -     $ -     $ 103  
Commodity Derivative Instruments
    -       172       -       (50 )     122  
Financial Liabilities
                                       
Commodity Derivative Instruments
    -       (55 )     -       50       (5 )
Interest Rate Derivative Instrument
    -       (94 )     -       -       (94 )
Portion of Deferred Compensation
                                       
Liability Measured at Fair Value
    (151 )     -       -       -       (151 )
December 31, 2009
                     
Financial Assets
                                       
Mutual Fund Investments
  $ 108     $ -     $ -     $ -     $ 108  
Commodity Derivative Instruments
    -       42       -       (28 )     14  
Financial Liabilities
                                       
Commodity Derivative Instruments
    -       (145 )     -       28       (117 )
Portion of Deferred Compensation Liability
                                       
Measured at Fair Value
    (168 )     -       -       -       (168 )
 
(1)
Level 1 measurements are fair value measurements which use quoted market prices (unadjusted) in active markets for identical assets or liabilities. We use Level 1 inputs when available as Level 1 inputs generally provide the most reliable evidence of fair value.
 
(2)
Level 2 measurements are fair value measurements which use inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly.
 
(3)
Level 3 measurements are fair value measurements which use unobservable inputs.
 
(4)
Amount represents the impact of master netting agreements that allow us to net cash settle asset and liability positions with the same counterparty.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)
 
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
 
Certain assets and liabilities are measured at fair value on a nonrecurring basis in our consolidated balance sheets.  The following methods and assumptions were used to estimate the fair values:
 
DJ Basin Asset Acquisition   See Note 4. Acquisitions and Divestitures.
 
Asset Impairments (2009)   We determined that the carrying amount of Granite Wash, an onshore US area where we have significantly reduced investments beginning in 2007, was not recoverable from future cash flows and, therefore, was impaired.  We also impaired our Gulf of Mexico Main Pass asset which had been reclassified from held-for-sale to held-and-used.  The assets were reduced to their estimated fair values. Information about the impaired assets is as follows:
 
               
Fair Value Measurements Using
       
Description
 
Net Book Value
   
Fair Value Measurement
   
Quoted Prices in Active Markets (Level 1)
   
Significant Other Observable Inputs (Level 2)
   
Significant Unobservable Inputs (Level 3)
   
Total Pre-tax (Non-cash) Impairment Loss
 
(millions)
                                   
June 30, 2009
                                   
Impaired US Oil and Gas Properties
  $ 753     $ 316     $ -     $ -     $ 316     $ 437  
 
The fair values of the properties were determined as of the date of the assessment using a discounted cash flow method, as comparable market data was not available. The discounted cash flows were based on management’s expectations for the future. Inputs included estimates of future oil and gas production, commodity prices based on published forward commodity price curves as of the date of the estimate, operating and development costs, and a risk-adjusted discount rate.
 
Additional Fair Value Disclosures
 
Debt   The fair value of fixed-rate debt is estimated based on the published market prices for the same or similar issues.  The carrying amounts of floating-rate debt approximates fair value because the interest rates paid on such debt are set for periods of three months or less. See Note 5. Debt.
 
Fair value information regarding our debt is as follows:
   
June 30,
   
December 31,
 
   
2010
   
2009
 
   
Carrying Amount
   
Fair Value
   
Carrying Amount
   
Fair Value
 
(millions)
                       
Long-Term Debt, Net of Unamortized Discount (1)
  $ 2,447     $ 2,715     $ 2,008     $ 2,279  
 
(1)
Excludes obligation under FPSO lease.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)
 
Note 8.  Capitalized Exploratory Well Costs
Changes in capitalized exploratory well costs are as follows and exclude amounts that were capitalized and subsequently expensed in the same period:
   
Six Months Ended June 30, 2010
 
(millions)
     
Capitalized Exploratory Well Costs, Beginning of Period
  $ 432  
Additions to Capitalized Exploratory Well Costs Pending Determination of Proved Reserves
    65  
Reclassified to Proved Oil and Gas Properties Based on Determination of Proved Reserves
    (11 )
Capitalized Exploratory Well Costs Charged to Expense
    (3 )
Capitalized Exploratory Well Costs, End of Period
  $ 483  

The following table provides an aging of capitalized exploratory well costs (suspended well costs) based on the date the drilling was completed and the number of projects for which exploratory well costs have been capitalized for a period greater than one year since the completion of drilling:
   
June 30,
   
December 31,
 
   
2010
   
2009
 
(millions)
           
Exploratory Well Costs Capitalized for a Period of One Year or Less
  $ 100     $ 158  
Exploratory Well Costs Capitalized for a Period Greater Than One Year After Completion of Drilling
    383       274  
Balance at End of Period
  $ 483     $ 432  
Number of Projects with Exploratory Well Costs That Have Been Capitalized for a Period Greater Than One Year After Completion of Drilling
    9       5  

The following table provides a further aging of those exploratory well costs that have been capitalized for a period greater than one year since the completion of drilling as of June 30, 2010:
 
         
Suspended Since
 
   
Total
   
2009
   
2008
   
2007 & Prior
 
(millions)
                       
Project
                       
Blocks O and I (West Africa)
  $ 190     $ 9     $ 71     $ 110  
Tamar and Dalit (Israel)
    89       63       26       -  
Gunflint (Deepwater Gulf of Mexico)
    49       -       49       -  
Redrock (Deepwater Gulf of Mexico)
    17       -       -       17  
Flyndre (North Sea)
    13       -       -       13  
Selkirk (North Sea)
    20       -       -       20  
Other
    5       1       4       -  
Total Exploratory Well Costs Capitalized for a Period Greater Than One Year After Completion of Drilling
  $ 383     $ 73     $ 150     $ 160  
 
West Africa   The West Africa project includes Blocks O and I offshore Equatorial Guinea and the YoYo concession and Tilapia production sharing contract offshore Cameroon. We have evaluated the potential for additional liquids and gas projects, and determined that the next development after Aseng will be at the Alen (formerly known as Belinda) field, offshore Equatorial Guinea. We are also evaluating future oil projects at Diega and Carmen, offshore Equatorial Guinea. In Cameroon, we recently completed a 3-D seismic acquisition, and results are being processed for future drilling potential.
 
Israel   The Israel project includes the Tamar and Dalit prospects, both significant 2009 natural gas discoveries located offshore Israel. We are moving forward with Tamar development plans, and are targeting project sanction in 2010, with first production projected for 2012. We have also signed letters of intent to sell natural gas from the Tamar field.
 
Gunflint (Deepwater Gulf of Mexico)   Gunflint (Mississippi Canyon Block 948) is our largest deepwater Gulf of Mexico discovery to date. We had planned to drill one or two appraisal wells in 2010. These plans have been delayed until at least November 2010 by the Federal Deepwater Moratorium. We are currently reviewing host platform options. If we are able to connect to an existing third-party host, the project could have an accelerated completion schedule, thereby absorbing time lost to the drilling delay.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Redrock (Deepwater Gulf of Mexico)   Redrock (Mississippi Canyon Block 204) was a 2006 natural gas/condensate discovery and is currently considered a co-development candidate with Raton South (Mississippi Canyon Block 292). The anticipated development plan consists of tying Raton South back to a host platform at Viosca Knoll Block 900 for processing and then connecting Redrock into this gathering system. Tie-back of Redrock is anticipated to occur following the development of Raton South.
 
Flyndre (North Sea)   The Flyndre project is located in the UK sector of the North Sea and we successfully completed an exploratory appraisal well in 2007.  We are currently working with the project operator and other partners to finalize the field development plan and relevant operating agreements.
 
Selkirk (North Sea)   The Selkirk project is also located in the UK sector of the North Sea. Capitalized costs to date primarily consist of the cost of drilling an exploratory well. We are currently working with our partners on a cost-effective development plan, including selection of a host facility.
 
Other   Other projects consist of three onshore US wells which continue to be evaluated by various means including additional seismic work, drilling additional wells and evaluating the potential of the exploration well.
 
Note 9.  Asset Retirement Obligations
Asset retirement obligations consist primarily of estimated costs of dismantlement, removal, site reclamation and similar activities associated with our oil and gas properties. Changes in asset retirement obligations were as follows:
   
Six Months Ended June 30,
 
   
2010
   
2009
 
(millions)
           
Asset Retirement Obligations, Beginning of Period
  $ 232     $ 211  
Liabilities Incurred in Current Period
    14       4  
Liabilities Settled in Current Period
    (9 )     (8 )
Revisions
    4       17  
Accretion Expense
    9       7  
Asset Retirement Obligations, End of Period
  $ 250     $ 231  
 
Liabilities incurred in 2010 were due to the DJ Basin asset acquisition.  Accretion expense is included in DD&A expense in the consolidated statements of operations.
 
Note 10.   Employee Benefit Plans
We have a noncontributory, tax-qualified defined benefit pension plan covering employees who were hired prior to May 1, 2006. We also have an unfunded, nonqualified restoration plan that provides the pension plan formula benefits that cannot be provided by the qualified pension plan because of pay deferrals and the compensation and benefit limitations imposed on the pension plan by the Internal Revenue Code of 1986, as amended. Net periodic benefit cost related to the retirement and restoration plans was as follows:
 
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Service Cost
  $ 4     $ 3     $ 7     $ 6  
Interest Cost
    3       3       7       6  
Expected Return on Plan Assets
    (3 )     (3 )     (7 )     (7 )
Other
    1       -       3       1  
Net Periodic Benefit Cost
  $ 5     $ 3     $ 10     $ 6  
 
During the six months ended June 30, 2010, we made cash contributions of $4 million to the pension plan.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Note 11.   Stock-Based Compensation
We recognized stock-based compensation expense as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Stock-Based Compensation Expense
  $ 13     $ 12     $ 27     $ 24  
Tax Benefit Recognized
    (5 )     (4 )     (9 )     (8 )

During the six months ended June 30, 2010, we granted stock options and awarded shares of restricted stock, subject to service conditions, as follows:
   
Number Granted/Awarded
   
Weighted Average Fair Value
 
Stock Options
    1,023,858     $ 25.07  
Shares of Restricted Stock
    419,496       75.11  
 
Note 12.  Basic and Diluted Earnings (Loss) Per Share
Basic earnings (loss) per share of common stock is computed using the weighted average number of shares of common stock outstanding during each period. The diluted earnings (loss) per share of common stock may include the effect of our shares held in a rabbi trust, outstanding stock options or shares of restricted stock, except in periods in which there is a net loss. The following table summarizes the calculation of basic and diluted earnings (loss) per share:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions, except per share amounts)
                       
Net Income (Loss)
  $ 204     $ (57 )   $ 441     $ (245 )
Earnings Adjustment from Assumed Conversion of
                               
Dilutive Shares of Common Stock in Rabbi Trust (1)
    (9 )     -       (7 )     -  
Net Income (Loss) Used for Diluted Earnings Per Share Calculation
  $ 195     $ (57 )   $ 434     $ (245 )
                                 
Weighted Average Number of Shares Outstanding, Basic
    175       173       175       173  
Incremental Shares from Assumed Conversion of
                               
Dilutive Options, Restricted Stock and Shares of Common Stock in Rabbi Trust
    3       -       3       -  
Weighted Average Number of Shares Outstanding, Diluted
    178       173       178       173  
Earnings (Loss) Per Share, Basic
  $ 1.17     $ (0.33 )   $ 2.53     $ (1.42 )
Earnings (Loss) Per Share, Diluted
    1.10       (0.33 )     2.44       (1.42 )
 
(1)
The diluted earnings per share calculation for the three and six months ended June 30, 2010 includes decreases to net income of $9 million and $7 million (net of tax), respectively, related to a deferred compensation gain from Noble Energy shares held in a rabbi trust. When dilutive, the deferred compensation gain or loss (net of tax) is excluded from net income while the Noble Energy shares held in the rabbi trust are included in the diluted share count.
 
Additional information is as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
Antidilutive stock options, shares of restricted stock and common shares held in a rabbi trust excluded from calculation above
    2       4       2       4  
                                 
Incremental stock options and shares of restricted stock excluded from calculation of diluted earnings in loss period
    -       2       -       2  


Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Note 13.  Income Taxes
The income tax provision (benefit) consists of the following:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Current
  $ 59     $ 25     $ 138     $ 141  
Deferred
    57       (58 )     85       (359 )
Total Income Tax Provision (Benefit)
  $ 116     $ (33 )   $ 223     $ (218 )
Effective Tax Rate
    36 %     37 %     34 %     47 %
 
Our effective tax rate decreased for the first six months of 2010 as compared with the first six months of 2009. For 2010, the effective rate is lower than the federal statutory rate because our income from equity method investees results in a favorable permanent difference in the effective rate, which has the impact of decreasing the statutory rate when we have pre-tax income.
 
The 2009 rate was the result of a tax benefit divided by a pre-tax loss.  In the case of a loss, our favorable permanent differences, such as income from equity method investees, have the effect of increasing the tax benefit which, in turn, increases the effective rate. The deferred tax benefit for the six months ended June 30, 2009 was due primarily to the realization in 2009 of a significant amount of unrealized mark-to-market gain originally recorded in 2008, resulting in the reversal of most of the associated deferred tax liability recorded in 2008. In addition, we recorded a deferred tax asset with respect to impairment losses on our US oil and gas properties.
 
During first quarter 2009, we repatriated $180 million of accumulated earnings of foreign subsidiaries and used the proceeds for debt repayment and general corporate purposes. The repatriation increased US tax expense by $13 million of which $9 million was recorded in 2008.  Repatriation of additional earnings in the future could result in a decrease in our net income and cash flows.
 
Unrecognized Tax Positions   We do not have significant unrecognized tax benefits as of June 30, 2010. Our policy is to recognize any interest and penalties related to unrecognized tax benefits in income tax expense. We did not accrue interest or penalties at June 30, 2010, because the jurisdiction in which we have unrecognized tax benefits does not currently impose interest on underpayments of tax, and we believe that we are below the minimum statutory threshold for imposition of penalties.
 
In our major tax jurisdictions, the earliest years remaining open to examination are as follows: US – 2006, Equatorial Guinea – 2007, China – 2006, Israel – 2008, UK – 2007 and the Netherlands – 2005.
 
Note 14.  Comprehensive Income (Loss)
Comprehensive income (loss) includes net income (loss) and certain items recorded directly to shareholders’ equity and classified as AOCL. Comprehensive income (loss) was calculated as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Net Income (Loss)
  $ 204     $ (57 )   $ 441     $ (245 )
Other Items of Comprehensive Income (Loss)
                               
Oil and Gas Cash Flow Hedges
                               
Realized Losses Reclassified Into Earnings
    4       15       10       32  
Less Tax Provision
    (1 )     (6 )     (4 )     (12 )
Interest Rate Cash Flow Hedges
                               
Unrealized Change in Fair Value
    (83 )     -       (94 )     -  
Less Tax Provision
    29       -       33       -  
Net Change in Other
    1       -       2       (1 )
Other Comprehensive Income (Loss)
    (50 )     9       (53 )     19  
Comprehensive Income (Loss)
  $ 154     $ (48 )   $ 388     $ (226 )


Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)

Note 15.  Segment Information
We have operations throughout the world and manage our operations by country. The following information is grouped into five components that are all primarily in the business of crude oil and natural gas exploration and production:  the United States; West Africa (Equatorial Guinea and Cameroon); Eastern Mediterranean (Israel and Cyprus); the North Sea (UK and the Netherlands); and Other International (China and Ecuador) and Corporate. The following data was prepared on the same basis as our consolidated financial statements and excludes the effects of income taxes.
 
   
Consolidated
   
United States
   
West Africa
   
Eastern Mediterranean
   
North Sea
   
Other Int'l and Corporate
 
(millions)
                                   
Three Months Ended June 30, 2010
                                   
Revenues from Third Parties
  $ 731     $ 459     $ 118     $ 48     $ 62     $ 44  
Reclassification from AOCL (1)
    (4 )     (4 )     -       -       -       -  
Income from Equity Method Investees
    24       -       24       -       -       -  
Total Revenues
    751       455       142       48       62       44  
DD&A
    215       177       11       7       11       9  
Gain on Commodity Derivative Instruments
    (96 )     (81 )     (15 )     -       -       -  
Income (Loss) Before Income Taxes
    320       181       127       33       36       (57 )
Three Months Ended June 30, 2009
                                               
Revenues from Third Parties
  $ 490     $ 311     $ 85     $ 24     $ 35     $ 35  
Reclassification from AOCL (1)
    (15 )     (8 )     (7 )     -       -       -  
Income from Equity Method Investees
    16       -       16       -       -       -  
Total Revenues
    491       303       94       24       35       35  
DD&A
    196       164       9       5       9       9  
Loss on Commodity Derivative Instruments
    139       109       30       -       -       -  
Income (Loss) Before Income Taxes
    (90 )     (72 )     40       14       13       (85 )
Six Months Ended June 30, 2010
                                               
Revenues from Third Parties
  $ 1,444     $ 968     $ 179     $ 81     $ 128     $ 88  
Reclassification from AOCL (1)
    (10 )     (10 )     -       -       -       -  
Income from Equity Method Investees
    50       -       50       -       -       -  
Total Revenues
    1,484       958       229       81       128       88  
DD&A
    431       358       19       11       26       17  
Gain on Commodity Derivative Instruments
    (242 )     (227 )     (15 )     -       -       -  
Income (Loss) Before Income Taxes
    664       470       194       59       73       (132 )
Six Months Ended June 30, 2009
                                               
Revenues from Third Parties
  $ 937     $ 599     $ 144     $ 52     $ 69     $ 73  
Reclassification from AOCL (1)
    (32 )     (16 )     (16 )     -       -       -  
Income from Equity Method Investees
    27       -       27       -       -       -  
Total Revenues
    932       583       155       52       69       73  
DD&A
    396       333       18       10       18       17  
Asset Impairments
    437       437       -       -       -       -  
Loss on Commodity Derivative Instruments
    66       42       24       -       -       -  
Income (Loss) Before Income Taxes
    (463 )     (481 )     82       35       24       (123 )
June 30, 2010
                                               
Goodwill
  $ 757     $ 757     $ -     $ -     $ -     $ -  
Total Assets
    13,013       9,390       2,004       651       689       279  
December 31, 2009
                                               
Goodwill
    758       758       -       -       -       -  
Total Assets
    11,807       8,669       1,731       486       635       286  
 
(1)
Revenues include decreases resulting from hedging activities. The decreases resulted from hedge gains and losses that were deferred in AOCL, as a result of previous cash flow hedge accounting, and subsequently reclassified to revenues.
 

Noble Energy, Inc.
Notes to Consolidated Financial Statements
(unaudited)
 
Note 16.  Commitments and Contingencies
Legal Proceedings  We are involved in various legal proceedings in the ordinary course of business.  These proceedings are subject to the uncertainties inherent in any litigation.  We are defending ourselves vigorously in all such matters and we believe that the ultimate disposition of such proceedings will not have a material adverse effect on our financial position, results of operations or cash flows.
 

Item 2.  Management’s Discussion and Analysis of Financial Condition
and Results of Operations

EXECUTIVE OVERVIEW
 
We are an independent energy company engaged in global crude oil, natural gas and NGL exploration and production. Our strategy is to achieve growth in earnings and cash flows through the continued expansion of a high quality portfolio of producing assets that is diversified among US and international projects, crude oil and natural gas, and near, medium and long-term opportunities.
 
Our accompanying consolidated financial statements, including the notes thereto, contain detailed information that should be referred to in conjunction with the following discussion.
 
Our financial results for second quarter 2010 included:
 
 
·
net income of $204 million, as compared with a net loss of $57 million for second quarter 2009;
 
·
rig contract termination expense of $26 million due to the Federal Deepwater Moratorium;
 
·
gain on commodity derivative instruments of $96 million (including unrealized mark-to-market gain of $63 million) as compared with a loss on commodity derivative instruments of $139 million (including unrealized mark-to-market loss of $277 million) for second quarter 2009;
 
·
diluted earnings per share of $1.10, as compared with diluted loss per share of $0.33 for second quarter 2009;
 
·
cash flow provided by operating activities of $256 million, as compared with $313 million for second quarter 2009;
 
·
capital spending (excluding impact of the FPSO accrual) of $519 million as compared with $323 million in 2009;
 
·
net increase of $546 million principal amount of debt, including FPSO lease accrual, from December 31, 2009;
 
·
ending cash and cash equivalents balance of $1 billion at both June 30, 2010 and December 31, 2009;
 
·
total liquidity of $2.3 billion at June 30, 2010, consisting of ending cash balance plus funds available under credit facility, as compared with $2.7 billion at December 31, 2009; and
 
·
ratio of debt-to-book capital of 28% (including FPSO lease accrual) at June 30, 2010 as compared with 25% at December 31, 2009.

Significant operational highlights for second quarter 2010 included:
 
 
·
total sales volumes of 219 MBoepd, a 6% increase over second quarter of 2009;
 
·
Israel natural gas sales volumes up 27% from second quarter 2009;
 
·
agreement to sell certain non-core US onshore assets for a sales price of approximately $550 million;
 
·
addition of a second rig to horizontal Niobrara drilling program in Central DJ Basin; and
 
·
completion of maintenance project at the Alba field, offshore Equatorial Guinea, bringing the field back to full production.

Impact of Deepwater Horizon Incident and Federal Deepwater Moratorium
 
In April 2010, the deepwater Gulf of Mexico drilling rig Deepwater Horizon, engaged in drilling operations for another operator, sank after an apparent blowout and fire. The resulting leak from the damaged well caused the largest oil spill in US history. On May 27, 2010, in response to the Incident, the President of the United States announced a six-month moratorium on drilling in the deepwater Gulf of Mexico (Federal Deepwater Moratorium or the Moratorium), which followed a one-month suspension in activity announced in May, immediately following the spill. Under the Federal Deepwater Moratorium, no new drilling, including sidetracks and bypasses of wells, is allowed in water depths greater than 500 feet for six months, or until November 27, 2010. As a result, all deepwater drilling activities in progress at the time the Moratorium was an nounced were suspended.
 
At the time the Federal Deepwater Moratorium was announced, we were engaged in two deepwater Gulf of Mexico drilling operations at prospects for which we are the operator, including an exploration well at the Santiago prospect (Galapagos project) and a sidetrack to the exploration well at the Deep Blue prospect. We suspended operations and temporarily abandoned each location.
 
On June 22, 2010, a US district judge in New Orleans, Louisiana, granted a preliminary injunction against the enforcement of the Moratorium.  On June 23, 2010, the US administration asked the judge to delay the ruling and allow the drilling ban to stay in place during the appeals process. The motion was denied. On July 8, 2010, the US Court of Appeals for the Fifth Circuit also denied the US government’s request to reinstate the Moratorium during the process of appealing the lower court’s order that originally rejected the drilling ban.
 
On July 12, 2010, the Secretary of the Interior (the Secretary) announced a revised moratorium that will last through November 30, 2010 and focuses on drilling configurations and technologies rather than on water depth. The revised moratorium applies to most deepwater drilling operations, including those that use subsea blowout preventers, and some companies may be able to resume drilling sooner under certain conditions. To qualify, operators must certify that they have adequate plans in place to quickly shut down an out-of-control well, that the blowout preventers atop the wells it drills have passed rigorous new tests, and that sufficient cleanup resources are on hand in case of a spill. The Secretary directed federal regulators to come up with interim rules by the end of August 2010 that would clarify the steps that drilling rig operat ors would need to take to resume operations under the revised moratorium.
 

Resumption of deepwater Gulf of Mexico drilling and other activities suspended by the Federal Deepwater Moratorium is unlikely until the legal status of a return to business is evident, or the Moratorium is further refined, rescinded, or ends as scheduled in November 2010.  In addition, a presidential commission has been appointed to study the causes of the oil spill and to recommend improvements for offshore drilling.
 
Despite the Federal Deepwater Moratorium, our deepwater Gulf of Mexico production was robust for second quarter 2010, and we expect no material impact on our production for the remainder of the year. We also expect an increase in our liquidity due to the postponement of some of our Gulf of Mexico capital spending. See 2010 Budget below.
 
However, in the long run, we believe that the Deepwater Horizon Incident is likely to have a significant and lasting effect on the US offshore energy industry, and will likely result in a number of fundamental changes, including heightened regulatory scrutiny, more stringent operating and safety standards, changes in equipment requirements and the availability and cost of insurance, as well as increased politicization of the industry. There may be other impacts of which we are not aware at this time. See Item 1A. Our operations in the deepwater Gulf of Mexico could be adversely affected by changes in laws and regulations which are expected to occur as a result of the Deepwater Horizon Incident below.
 
Business Impact
 
The deepwater Gulf of Mexico is one of our core operating areas.  Although the full impact of the Deepwater Horizon Incident and the Federal Deepwater Moratorium remains unknown, we currently expect the following effects on our operations:
 
Near-term Impact   –   The deepwater Gulf of Mexico represented approximately 8% of our total consolidated sales volumes for second quarter 2010 and 4% of our global proved reserves at December 31, 2009. The Federal Deepwater Moratorium had no impact on our currently producing properties or on our production for second quarter 2010. It is our understanding that workover operations, operations necessary to sustain reservoir pressure, waterflood, gas injections, disposal wells, and plugging and abandonment operations are still allowed, to the extent they comply with applicable regulations and permits. Therefore, we do not expect production for the remainder of 2010 to be impacted.  Further, delays in capital spending resulting from the Mor atorium will have a positive impact on our near-term cash flows.
 
Mid-term Impact    A six-month moratorium would impact our deepwater Gulf of Mexico development program as follows:
 
 
·
Galapagos Project  –  At the time the Federal Deepwater Moratorium was announced, we were engaged in drilling the Santiago exploratory well, for which we are the operator. We suspended drilling operations, plugged and temporarily abandoned the well until we are allowed to return and complete drilling. The Galapagos project also includes the previously-drilled Santa Cruz and Isabela wells. These wells are waiting on completion, including connection to nearby infrastructure via subsea tiebacks. We currently believe we will be able to perform the completion work for these two wells in 2010 and obtained a permit in July 2010 to perform completion work on the Santa Cruz well. In the meantime, we are carrying out topside work at the host platform for the Galapagos project and working on pipeline installation. Even with a six-month suspension of drilling, we are working to keep the Galapagos Proj ect moving forward to meet our projected 2011 start-up date.
 
 
·
Gunflint Project  –  We are the operator of the Gunflint development and had planned to drill one or two appraisal wells in 2010. We are currently reviewing host platform options. If we are able to connect to an existing third-party host, the project could have an accelerated completion schedule as compared with our existing plans, thereby absorbing time lost to a drilling moratorium-related delay of up to a year and meeting the projected schedule for first production in 2015.
 
We are partners with BP Exploration & Production Inc. (BP) on these two projects. At Galapagos, the Santa Cruz and Isabela wells will be tied back to the Nakika production platform, which is partially owned and operated by BP. We are currently working with BP to effectively resource and deliver these projects. See Item 1A. Risk Factors. Our major projects at Galapagos and Gunflint in the deepwater Gulf of Mexico may be adversely affected by our partnership with BP Exploration & Production Inc., a wholly-owned subsidiary of BP America Inc.
 
We believe an increase in development costs or a six-month delay in drilling activities would not have a significant impact on the total cash flows we expect to derive from these deepwater Gulf of Mexico projects. However, a moratorium lasting six months or longer could have an impact on some of our oilfield service and equipment providers, which could result in delays of delivery of essential items or the performance of services after the moratorium is lifted.
 
Long-term Impact    The longer the delay and disruption continue, the greater the impact will be on our business in the deepwater Gulf of Mexico. Further delay in drilling and completion activities due to an extension of the Federal Deepwater Moratorium beyond six months, difficulty or delay in implementing legislative or regulatory changes, or unavailability of drilling rigs, support vessels and equipment, or other oilfield services when activities are resumed at the end of the Moratorium, could result in postponing the startup of our Galapagos and Gunflint projects, which we had expected to contribute to production growth and cash flows during 2011 and 2015, respectively.
 

Continued delay and disruption will also have a negative impact on our planned exploration program in the deepwater Gulf of Mexico. A significant delay or cancellation of planned exploratory activities will reduce our longer term ability to replace reserves, resulting in a negative impact on production over time. To the extent current exploration activities are significantly delayed, a gap could occur in our future production late in the decade with a negative impact on our operating results and cash flows.  Although exploration activities may be delayed, our large Gulf of Mexico exploration acreage position is not currently at risk of impairment.  A large portion of the acreage was acquired in 2008 - 2010 and the leases have significant minimum remaining terms. However, higher development and operating costs could ult imately impact the fair values of our properties in the deepwater Gulf of Mexico.
 
Another long-term impact which we currently expect on our business is longer development cycle time, which is the length of time it takes for a project to progress from first discovery to first production. Longer cycle times result from additional regulatory reviews, slower permitting processes and oversight and could result in lower rates of return on our investments.
 
It is also possible that other countries, including those in which we currently operate, will respond to the Incident with legislative or regulatory changes affecting offshore drilling activities under their control.
 
Finally, the potential for removal of the liability cap for claims of damages from oil spills, and/or the enactment of onerous rules and regulations regarding activities in the deepwater Gulf of Mexico could significantly alter our industry. Such rules could effectively limit which companies can operate in the deepwater Gulf of Mexico. Small and medium-sized oil and gas companies might not be able to obtain insurance coverage at economically appropriate levels or meet financial responsibility requirements and would have to exit the deepwater Gulf of Mexico. Potentially less attractive economics for exploration and development programs going forward will require companies remaining in the Gulf of Mexico to review their business models. We have drilled, and believe we can continue to drill, safely in the deepwater Gulf of Mexico. However, exploration and production companies will be able to continue doing business in the area only to the extent it remains economically viable. See Risk and Insurance Program Update below.
 
Mitigating Activities
 
We are currently engaged in the following activities designed to mitigate the impacts of the Deepwater Horizon Incident and Federal Deepwater Moratorium:
 
 
·
planning for resumption of our drilling operations when activity in the deepwater Gulf of Mexico recommences;
 
 
·
engaging in discussions with our rig contractors and service providers about the best way to mitigate the impact of the Moratorium, including options for moving equipment or capabilities elsewhere and to ensure there is adequate capacity when activity resumes;
 
 
·
considering a reallocation of near-term Gulf of Mexico drilling capital to other opportunities if disruption continues in order to ensure a delay in drilling will not create a gap in production growth going forward;
 
 
·
monitoring legislative and regulatory developments;
 
 
·
implementing new, more stringent operating and safety requirements to comply with new and anticipated regulations so that we are ready to move forward as soon as possible when activity resumes;
 
 
·
continuing to manage our risks and operations such that the likelihood of a significant accident or spill is remote;
 
 
·
working with BP to effectively resource and deliver projects on which they are a partner;
 
 
·
monitoring the impact on the insurance industry and re-evaluating our risk and insurance program; and
 
 
·
monitoring our credit exposure to companies involved in the Deepwater Horizon Incident and the impact of the Incident on their liquidity, credit ratings, availability of credit, and perhaps, depending on developments, solvency.
 
Delays and volatility are inherent in our business. We have maintained a capital structure approach which provides a strong liquidity position allowing us to manage during periods of uncertainty.  We feel we are well-positioned to respond to, and/or adjust our activities as events unfold in the deepwater Gulf of Mexico.
 
In addition, we have a deep and diverse international portfolio, and the Deepwater Gulf of Mexico represents only one of our four core operating areas. Our other core areas include the US onshore, West Africa and Eastern Mediterranean, and these areas have provided, and continue to provide, numerous opportunities for us to allocate capital in an optimal way going forward. The longer the delay and disruption in the deepwater Gulf of Mexico continue, and pending the outcome of legislative and regulatory activities, the more likely it would be that we would find it necessary to redeploy capital in onshore US or international areas in order to maintain our exploration momentum and production growth. See Liquidity and Capital Resources – Capital Structure/Financing Strategy below.
 

Expenses Related to Federal Deepwater Moratorium
 
At the time the Federal Deepwater Moratorium was announced, we were under contract for two deepwater Gulf of Mexico drilling rigs. We have taken a proactive and cooperative approach with our drilling contractors in order to avoid force majeure and to determine our options for managing the suspension, and eventual resumption, of drilling activities. The ENSCO 8501 rig remains under contract and will be used to perform activities currently allowed in the deepwater Gulf of Mexico, including completion activities at the Santa Cruz well for which we received a permit in July 2010.  We entered into an agreement to terminate the drilling contract for the Noble Clyde Boudreax rig for a fee of $26 million.  This rig was in the process of drilling a sidetrack to the explor ation well at the Deep Blue prospect. This rig contract termination expense is included in other operating (income) expense, net in our consolidated statements of operations. See Item 1. Financial Statements – Note 3. Impact of Federal Deepwater Moratorium.
 
US Onshore, West Africa and Eastern Mediterranean Update
 
DJ Basin Asset Acquisition   On March 1, 2010, we closed the acquisition of substantially all of the US Rockies upstream assets of Petro-Canada Resources (USA) Inc. and Suncor Energy (Natural Gas) America Inc. The transaction increases our presence in the Wattenberg field and further expands our opportunity in the DJ Basin. The acquisition added approximately 10 MBoepd to our daily production base and approximately 46 MMBoe of proved reserves. A majority of the reserves are within the Wattenberg field, where our largest onshore US asset is located.
 
Potential Sale of Onshore US Assets   We have entered into an agreement to divest certain non-core properties in the Mid-Continent and Illinois Basin areas for a sales price of approximately $550 million. We expect the sale, which will be effective as of April 1, 2010, to close in third quarter 2010. The properties represent approximately 5.7 MBoepd of production and 29 MMBoe of reserves.
 
Exploration Program    Continued investment in significant exploration remains a key component to our strategy.  We are in the process of integrating recently-acquired 3-D seismic information for our properties offshore Cameroon, reprocessing seismic information on Blocks O and I offshore Equatorial Guinea, in preparation for future drilling programs, and moving forward on our plans to drill an exploration well at the Leviathan prospect offshore Israel later this year.
 
Major Development Projects   During second quarter 2010, we continued to advance our major development projects at the Aseng oil field, offshore Equatorial Guinea, and the Tamar project, offshore Israel, toward first production on time and on budget.  We continued development drilling at Aseng with two drilling rigs working and well completions scheduled for the third quarter 2010, and conversion work is ongoing for the FPSO vessel that will be used in the Aseng development.  In addition, we are continuing FEED (front end engineering and design) work for the Alen project and recently submitted the Plan of Development to the government of Equatorial Guinea.  In Israel, we are in the process of finalizing a development plan for Tamar and ne gotiating additional natural gas sales contracts.
 
Sales Volumes
 
On a BOE basis, sales volumes were higher second quarter 2010 as compared with second quarter 2009. Production was higher in the onshore US areas due to record production in the Wattenberg field primarily due to the recent acquisition of producing properties. In Equatorial Guinea, crude oil sales volumes were higher due to the timing of liftings, despite the planned shut-in of the Alba field for scheduled facility maintenance and repair. In Israel, there was an increase in demand for natural gas to produce electricity and a higher percentage of the demand was met by production from our properties. Despite downtime related to equipment modifications at the Dumbarton FPSO, there was an increase in volumes lifted in the North Sea, which also contributed to the overall increase. These increases were partially offset by the expected decrease i n natural gas sales volumes in Equatorial Guinea due to the planned shut-in of the Alba field discussed above.
 
Commodity Price Changes and Hedging 
 
Second quarter 2010 average realized crude oil, natural gas and NGL prices have increased significantly from second quarter 2009 due to strengthening commodities markets which are showing benefit from the global economic recovery. During second quarter 2010 we expanded our hedging program with additional basis swaps. We have hedged approximately 43% of our expected world-wide crude oil production and 68% of our expected domestic natural gas production for the remainder of 2010.


OUTLOOK
 
Our expected crude oil, natural gas and NGL production for the remainder of 2010 may be impacted by several factors including:
 
 
·
overall level and timing of capital expenditures which, dependent upon our drilling success and notwithstanding the other factors listed below, are expected to maintain our near-term production volumes (See 2010 Budget discussion below);
 
·
impact of US onshore asset sale, expected to close third quarter 2010, which will reduce production by approximately 5.7 MBoepd;
 
·
natural field decline in the deepwater Gulf of Mexico, Gulf Coast and Mid-Continent areas of our US operations and in the North Sea;
 
·
impact of potential legislative and regulatory changes on deepwater Gulf of Mexico operating and safety standards due to the Deepwater Horizon Incident;
 
·
variations in sales volumes of natural gas from the Alba field in Equatorial Guinea related to potential downtime at the methanol, LPG and/or LNG plants;
 
·
Israeli demand for electricity which affects demand for natural gas as fuel for power generation, market growth and competing deliveries of natural gas from Egypt;
 
·
variations in North Sea sales volumes due to potential FPSO downtime and timing of liftings;
 
·
seasonal variations in rainfall in Ecuador that affect our natural gas-to-power project;
 
·
potential hurricane-related volume curtailments in the deepwater Gulf of Mexico and Gulf Coast areas;
 
·
potential winter storm-related volume curtailments in the Northern region of our US operations;
 
·
potential pipeline and processing facility capacity constraints in the Rocky Mountains and deepwater Gulf of Mexico;
 
·
potential volume curtailments in Ecuador due to unsettled economic and political environment;
 
·
impact of asset purchases;
 
·
timing of significant project completion and initial production; and
 
·
impact of sales of non-core operating assets.
 
2010 Budget   We have updated our business plan for the remainder of 2010 to take into account the impact of the Federal Deepwater Moratorium on our planned deepwater Gulf of Mexico activities. Some uncertainty remains, such as the length of time the Moratorium will continue and whether or not certain activities can be performed on deepwater wells during the Moratorium. Some of our planned activities are being delayed. However, in some cases,  we are able to continue with well completion work and non-drilling activities, such as topside work or pipeline installation, that allow us to keep our projects moving forward on schedule. The delay in spending caused by the Moratorium will have a positive effect on our short-term net cash flows.
 
Our total capital investment program for 2010 is now estimated at $2.2 billion, $300 million less than previously announced, with approximately 37% going toward major project investments, 17% for exploration and appraisal activities, and the remaining 46% for ongoing maintenance and near-term development opportunities. We have planned to spend about $832 million on major project investments, with the majority of capital directed toward the development of Galapagos in the deepwater Gulf of Mexico, Aseng offshore Equatorial Guinea and Tamar offshore Israel.  We expect to spend approximately $380 million for exploration activities.  The remainder of our budget is focused on liquid-rich and emerging opportunities onshore in the US, as well as near-term development projects in Israel, the North Sea and China.
 
Excluded from the budget discussed above is the $509 million total purchase price for the DJ Basin asset acquisition on March 1, 2010, as well as $251 million of non-cash capital expected to be accrued for the Aseng FPSO capital lease.
 
We have a diverse domestic and international portfolio as well as ample liquidity which allow us to engage in activities that mitigate the impact of the drilling moratorium. Numerous opportunities are available to us, and it is possible that we may reallocate capital to US onshore or international locations.  We will continue to review our options as the legislative and regulatory response to the Deepwater Horizon Incident unfolds.
 
We expect that the remaining 2010 budget will be funded primarily from cash flows from operations, cash on hand, and borrowings under our revolving credit facility and/or other financing. We will evaluate the level of capital spending throughout the year based on drilling results, commodity prices, cash flows from operations, the full impact of the Federal Deepwater Moratorium and legislative response, and property acquisitions and divestitures. Our capital spending is integrated with our goal of maintaining a strong balance sheet and ample liquidity. See Liquidity and Capital Resources – Capital Structure/Financing Strategy, below.
 
Risk and Insurance Program Update   In accordance with industry practices, we maintain insurance against many, but not all, potential perils confronting our operations and in coverage amounts and deductible levels that we believe to be economic.  Consistent with that profile, our insurance program is structured to provide us an economically appropriate level of financial protection from significant unfavorable losses resulting from damages to, or the loss of, physical assets or loss of human life, liability claims of third parties, and business interruption (loss of production) attributed to certain assets and including such occurrences as well blowouts and resulting oil spills.  We maintain insurance at levels that we believe are appropriate and consis tent with industry practice and we regularly review our risks of loss and the cost and availability of insurance and revise our insurance program accordingly.
 

We expect the future availability and cost of insurance to be impacted by the recent Deepwater Horizon Incident.  Impacts could include: tighter underwriting standards, limitations on scope and amount of coverage, and higher premiums, and will depend, in part, on future changes in laws and regulations regarding exploration and production activities in the Gulf of Mexico, including possible increases in liability caps for claims of damages from oil spills.
 
Recently, various Congressional committees have begun pursuing legislation to increase or remove liability caps for deepwater drilling. The current $75 million liability limit under the Oil Pollution Act is likely to be materially increased or lifted in its entirety.  Such a requirement would ultimately require a company to maintain either an insurance coverage minimum or a significant financial position. The insurance market will be unlikely to provide meaningful coverage enhancements to address any significant increases in liability caps going forward.  We anticipate that, at a minimum, less insurance coverage will be available and at a higher cost.  If the liability cap is lifted in its entirety, the industry could become relatively un-insurable.
 
Although the root cause, or causes, of the Deepwater Horizon Incident are unclear at this time, we believe there is a high likelihood of regulatory and/or legislative changes that will impact operations in the Gulf of Mexico. We will continue to monitor the expected regulatory and legislative response and its impact on the insurance market and our overall risk profile, and adjust our risk and insurance program to provide protection, at an economically appropriate level, against disruption to our operations and cash flows.
 
In accordance with industry practice, well owners generally indemnify drilling rig contractors against certain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills, or contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons. Most of our domestic and international drilling contracts contain such indemnification clauses. In addition, well owners typically assume all costs of well control in the event of an uncontrolled well. We currently carry insurance protection for our net share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident. This protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and $251 million of additional pollution cleanup and consequential damages coverage, which also covers third party personal injury and death.  Consequently if we were to experience an accident similar to the Deepwater Horizon, our total coverage for cleanup and consequential damages would be $501 million for our net share, subject to reduction for claims related to well control and third party damages.
 
Deepwater drilling entails inherent risks. We have a robust risk assessment program that analyzes safety and environmental hazards and establishes procedures, work practices, training programs and equipment requirements, including monitoring and maintenance rules, for continuous improvement. We have a strong safety performance record and strive to manage our risks such that the likelihood of a significant accident or spill is remote. However, if an event occurs that is not covered by insurance or not fully protected by insured limits, it could have a material adverse impact on our financial condition, results of operations and cash flows.
 
In addition to our insurance coverages related to operations in the Gulf of Mexico, in April 2010, we notified Oil Insurance Limited (OIL), a mutual insurance company of which we are a member, that we would elect to self insure our 2010 windstorm exposure. Due to recent reductions in windstorm coverage by OIL, we now believe it is commercially more reasonable to self insure against this particular risk.  Recent abandonment activities on the Gulf of Mexico Shelf have significantly reduced our windstorm exposure as our remaining Gulf of Mexico assets are primarily subsea operations. However, we are now responsible for substantially all windstorm-related damages to these assets.
 

RESULTS OF OPERATIONS
 
Revenues
 
Revenues were as follows:
                Increase (Decrease) from Prior Year  
   
2010
   
2009
     
(millions)
                 
Three Months Ended June 30,
             
Oil, Gas and NGL Sales
  $ 710     $ 460       54 %
Income from Equity Method Investees
    24       16       50 %
Other Revenues
    17       15       13 %
Total
  $ 751     $ 491       53 %
                         
Six Months Ended June 30,
                 
Oil, Gas and NGL Sales
  $ 1,398     $ 866       61 %
Income from Equity Method Investees
    50       27       85 %
Other Revenues
    36       39       (8 %)
Total
  $ 1,484     $ 932       59 %

Changes in revenues are discussed below.
 

Oil, Gas and NGL Sales Average daily sales volumes and average realized sales prices were as follows:
 
   
Sales Volumes
   
Average Realized Sales Prices
 
   
Crude Oil & Condensate
   
Natural Gas
   
NGLs
   
Total
   
Crude Oil & Condensate
   
Natural Gas
   
NGLs
 
   
(MBpd)
   
(MMcfpd)
   
(MBpd)
   
(MBoepd) (1)
   
(Per Bbl)
   
(Per Mcf)
   
(Per Bbl)
 
Three Months Ended June 30, 2010
                                     
United States (2)
    38       414       13       120     $ 75.00     $ 3.89     $ 39.37  
Equatorial Guinea (3) (4)
    16       224       -       54       76.10       0.27       -  
Israel
    -       121       -       20       -       4.33       -  
North Sea
    9       7       -       10       75.22       4.53       -  
Ecuador (5)
    -       27       -       4       -       -       -  
China
    4       -       -       4       76.05       -       -  
Total Consolidated Operations
    67       793       13       212       75.36       2.91       39.37  
Equity Investees (6)
    2       -       5       7       74.22       -       50.32  
Total Operations
    69       793       18       219     $ 75.33     $ 2.91     $ 42.52  
Three Months Ended June 30, 2009
                                                 
United States (2)
    37       394       10       112     $ 51.85     $ 3.09     $ 23.94  
Equatorial Guinea (3) (4)
    15       244       -       56       51.63       0.27       -  
Israel
    -       95       -       16       -       2.76       -  
North Sea
    6       5       -       7       56.57       5.20       -  
Ecuador (5)
    -       16       -       3       -       -       -  
China
    5       -       -       5       48.87       -       -  
Total Consolidated Operations
    63       754       10       199       52.05       2.13       23.94  
Equity Investees (6)
    2       -       6       7       56.12       -       30.12  
Total Operations
    65       754       16       206     $ 52.19     $ 2.13     $ 26.24  
Six Months Ended June 30, 2010
                                                       
United States (2)
    39       399       13       118     $ 74.39     $ 4.64     $ 42.12  
Equatorial Guinea (3) (4)
    12       209       -       47       75.16       0.27       -  
Israel
    -       104       -       17       -       4.28       -  
North Sea
    9       7       -       10       76.15       4.97       -  
Ecuador (5)
    -       28       -       5       -       -       -  
China
    4       -       -       4       74.24       -       -  
Total Consolidated Operations
    64       747       13       201       74.77       3.32       42.12  
Equity Investees (6)
    2       -       5       7       74.96       -       53.33  
Total Operations
    66       747       18       208     $ 74.77     $ 3.32     $ 45.11  
Six Months Ended June 30, 2009
                                                       
United States (2)
    36       403       10       113     $ 43.92     $ 3.52     $ 24.33  
Equatorial Guinea (3) (4)
    14       243       -       55       46.19       0.27       -  
Israel
    -       103       -       17       -       2.78       -  
North Sea
    7       5       -       8       50.81       6.72       -  
Ecuador (5)
    -       23       -       4       -       -       -  
China
    4       -       -       4       43.28       -       -  
Total Consolidated Operations
    61       777       10       201       45.17       2.39       24.33  
Equity Investees (6)
    2       -       6       7       50.38       -       28.38  
Total Operations
    63       777       16       208     $ 45.32     $ 2.39     $ 25.92  
 
(1)
Natural gas is converted on the basis of six Mcf of gas per one barrel of oil equivalent. This ratio reflects an energy content equivalency and not a price or revenue equivalency. Given recent commodity price differentials, the price for a barrel of oil equivalent for natural gas is less than the price for a barrel of oil.
 
(2)
Average realized crude oil and condensate prices reflect reductions of $1.35 per Bbl and $2.29 per Bbl for second quarter 2010 and 2009, respectively, and $1.34 per Bbl and $2.49 per Bbl for the first six months of 2010 and 2009, respectively, from hedging activities.
 
Average realized natural gas prices reflect an increase of $0.01 per Mcf for second quarter 2009 and a decrease of $0.01 per Mcf for the first six months of 2010, from hedging activities.  The price increase/reduction resulted from hedge gains/losses that were previously deferred in AOCL. The average realized natural gas prices for the second quarter of 2010 and first six months of 2009 were not impacted by hedging activities, as the net deferred gains reclassified from AOCL were de minimis.
 
(3)
Average realized crude oil and condensate prices reflect a reduction of $5.33 per Bbl for second quarter 2009 and $6.11 per Bbl for the first six months of 2009 from hedging activities.  The price reduction resulted from hedge losses that were previously deferred in AOCL. All hedge gains or losses relating to Equatorial Guinea production had been reclassified to revenues by December 31, 2009.
 
(4)
Natural gas from the Alba field in Equatorial Guinea is under contract for $0.25 per MMBtu to a methanol plant, an LPG plant and an LNG plant. The methanol and LPG plants are owned by affiliated entities accounted for under the equity method of accounting.
 
(5)
The natural gas-to-power project in Ecuador is 100% owned by our subsidiaries and intercompany natural gas sales are eliminated for accounting purposes. Electricity sales are included in other revenues. See Item 1. Financial Statements – Note 2. Basis of Presentation.
 
(6)
Volumes represent sales of condensate and LPG from the Alba plant in Equatorial Guinea. See Equity Method Investees below.
 

If the realized gains and losses on commodity derivative instruments, which are included in (gain) loss on commodity derivative instruments in our consolidated statements of operations, had been included in oil and gas revenues, the effect on average realized prices would have been as follows:
 
   
Commodity Price Increase (Decrease)
 
   
2010
   
2009
 
   
Crude Oil & Condensate
   
Natural Gas
   
Crude Oil & Condensate
   
Natural Gas
 
   
(Per Bbl)
   
(Per Mcf)
   
(Per Bbl)
   
(Per Mcf)
 
Three Months Ended June 30,
                       
United States
  $ 0.12     $ 0.96     $ 13.39     $ 2.00  
Equatorial Guinea
    (1.81 )     -       15.77       -  
Total Consolidated Operations
    (0.37 )     0.52       11.68       1.07  
Total Operations
    (0.36 )     0.52       11.29       1.07  
                                 
Six Months Ended June 30,
                               
United States
  $ (0.20 )   $ 0.51     $ 17.18     $ 1.79  
Equatorial Guinea
    (1.78 )     -       19.79       -  
Total Consolidated Operations
    (0.47 )     0.28       14.65       0.95  
Total Operations
    (0.46 )     0.28       14.23       0.95  
 
An analysis of revenues from sales of crude oil, natural gas and NGLs is as follows:
 
   
Sales Revenues
 
   
Crude Oil & Condensate
   
Natural Gas
   
NGLs
   
Total
 
(millions)
                       
Three Months Ended June 30, 2009
  $ 296     $ 143     $ 21     $ 460  
Changes due to
                               
Increase in Sales Volumes
    22       13       8       43  
Increase in Sales Prices Before Hedging
    131       46       19       196  
Change in Amounts Reclassified from AOCL
    11       -       -       11  
Three Months Ended June 30, 2010
  $ 460     $ 202     $ 48     $ 710  
                                 
Six Months Ended June 30, 2009
  $ 497     $ 326     $ 43     $ 866  
Changes due to
                               
Increase (Decrease) in Sales Volumes
    27       (1 )     14       40  
Increase in Sales Prices Before Hedging
    320       108       42       470  
Change in Amounts Reclassified from AOCL
    23       (1 )     -       22  
Six Months Ended June 30, 2010
  $ 867     $ 432     $ 99     $ 1,398  
 
Crude oil and condensate sales – Revenues from crude oil and condensate sales increased during the second quarter and first six months of 2010 as compared with 2009 due to the following:
 
 
·
an increase in total consolidated average realized prices due to increased demand resulting from the global economic recovery;
 
·
increased production from the Wattenberg field in the northern region of our US operations due to ongoing development activity;


 
·
additional production of approximately 3 MBpd for second quarter 2010 from the DJ Basin asset acquisition;
 
·
crude oil production from a sidetrack to a Swordfish natural gas well that commenced production first quarter 2010;
 
·
renewed production from Ticonderoga in the deepwater Gulf of Mexico which was off-line first quarter 2009 as a result of hurricane damage to third-party processing and pipeline facilities; and
 
·
an increase in North Sea volumes lifted;
partially offset by
 
·
a decrease in deepwater Gulf of Mexico volumes due to natural field decline and third party downstream facility constraints; and
 
 ·
a decrease in US onshore volumes due to natural field decline in the Mid-Continent and Gulf Coast areas.
 
In addition, timing of liftings in Equatorial Guinea resulted in an increase in sales volumes for the second quarter of 2010 as compared with the second quarter of 2009.  For the first six months of 2010 as compared with the first six months of 2009 sales volumes decreased due to the planned shut-in of the Alba field for scheduled facility maintenance and repair.
 
In the North Sea, equipment modifications at the Dumbarton FPSO required the field to be shut in for nearly two months during the second quarter 2010.  Despite the downtime, total North Sea production was up as compared with the second quarter 2009 as the related upgrades were completed in late May 2010, bringing existing production and a second development well at Lochranza online.
 
Revenues from crude oil and condensate sales included deferred losses of $4 million and $15 million for second quarter 2010 and 2009, respectively, and $9 million and $32 million for the first six months of 2010 and 2009, respectively, reclassified from AOCL and related to commodity derivative instruments previously accounted for as cash flow hedges.
 
Natural gas sales – Revenues from natural gas sales increased during the second quarter and first six months of 2010 as compared with 2009 due to the following:
 
 
·
an increase in US average realized prices due to increased demand resulting from the economic recovery;
 
·
an increase in Israel average realized prices which are tied to the global liquid markets;
 
·
ongoing development activities in the Wattenberg field area in the US;
 
·
additional production of approximately 36 MMcfpd for the second quarter 2010 from the DJ Basin asset acquisition; and
 
·
an increase in Israel sales volumes due to an increase in demand for our natural gas driven by increased electricity production due to warmer weather and lower levels of competitor natural gas imports from Egypt;
partially offset by
 
·
a decrease in Equatorial Guinea sales volumes due to the planned shut-down of the Alba field for facilities maintenance and repair;
 
·
a decrease in sales volumes due to the sidetrack of a Swordfish gas well into an oil zone after the gas zone began producing water; and
 
·
natural field decline in the deepwater Gulf of Mexico, Gulf Coast and Mid-Continent areas.
 
Revenues from natural gas sales included deferred losses of $1 million for the first six months of 2010 reclassified from AOCL and related to commodity derivative instruments previously accounted for as cash flow hedges. Revenues for the second quarters of 2010 and 2009 and the first six months of 2009 included de minimis amounts reclassified from AOCL.
 
NGL sales – Most of our US NGL production is from the Wattenberg field and deepwater Gulf of Mexico. NGL sales revenues increased during the second quarter and first six months of 2010 as compared with 2009 due to an increase in sales volumes from the Wattenberg field and an increase in consolidated average realized prices which benefitted from increased demand resulting from the global economic recovery.
 
Income from Equity Method Investees We have a 45% interest in Atlantic Methanol Production Company, LLC, which owns and operates a methanol plant and related facilities and a 28% interest in Alba Plant LLC, which owns and operates a liquefied petroleum gas processing plant. Both plants are located onshore in Equatorial Guinea.  Equity method investments are included in other noncurrent assets in our consolidated balance sheets, our share of earnings is reported as income from equity method investees in our consolidated statements of operations, and our share of dividends is reported within cash flows from operating activities in our consolidated statements of cash flows.
 
The increase in income from equity method investees for the second quarter and first six months of 2010 as compared with 2009 was due to an increase in average realized condensate, LPG and methanol prices from increased demand due to the global economic recovery. Condensate and LPG sales volumes and average realized prices are included in the average daily sales volumes and average realized sales prices table above. Methanol sales volumes and prices were as follows:
 
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
Methanol Sales Volumes in MMgal
    34       41       69       76  
Methanol Sales Prices
  $ 0.84     $ 0.49     $ 0.83     $ 0.47  
 
The increase in dividends from equity method investees to $48 million for the first six months of 2010 as compared with $5 million for the first six months of 2009 was due to their increased profitability.
 
Other Revenues   Other revenues include electricity sales and other revenues from operating activities. See Item 1. Financial Statements – Note 2.  Basis of Presentation.

Operating Costs and Expenses
 
Operating costs and expenses were as follows:
                Increase (Decrease) from  
   
2010
   
2009
   
Prior Year
 
(millions)
                 
Three Months Ended June 30,
             
Production Expense
  $ 150     $ 129       16 %
Exploration Expense
    52       33       58 %
Depreciation, Depletion and Amortization
    215       196       10 %
General and Administrative
    63       60       5 %
Other Operating (Income) Expense, Net
    41       (3 )     N/M  
Total
  $ 521     $ 415       26 %
Six Months Ended June 30,
                 
Production Expense
  $ 289     $ 260       11 %
Exploration Expense
    132       75       76 %
Depreciation, Depletion and Amortization
    431       396       9 %
General and Administrative
    129       119       8 %
Asset Impairments
    -       437       (100 %)
Other Operating (Income) Expense, Net
    55       (11 )     N/M  
Total
  $ 1,036     $ 1,276       (19 %)
 
(N/M) The percentage is so large that it is not meaningful.
 
 
Changes in operating costs and expenses are discussed below.

Production Expense   Components of production expense were as follows:
   
Total per BOE (1)
   
Total
   
United States
   
Equatorial Guinea
   
Israel
   
North Sea
   
Other Int'l, Corporate
 
(millions, except unit rate)
                                         
Three Months Ended June 30, 2010
                                         
Lease Operating Expense (2)
  $ 5.18     $ 100     $ 68     $ 13     $ 3     $ 11     $ 5  
Production and Ad Valorem Taxes
    1.75       34       28       -       -       -       6  
Transportation Expense
    0.87       16       15       -       -       1       -  
Total Production Expense
  $ 7.80     $ 150     $ 111     $ 13     $ 3     $ 12     $ 11  
Three Months Ended June 30, 2009
                                                       
Lease Operating Expense (2)
  $ 5.17     $ 93     $ 65     $ 11     $ 3     $ 9     $ 5  
Production and Ad Valorem Taxes
    1.29       23       20       -       -       -       3  
Transportation Expense
    0.73       13       11       -       -       1       1  
Total Production Expense
  $ 7.19     $ 129     $ 96     $ 11     $ 3     $ 10     $ 9  
Six Months Ended June, 2010
                                                       
Lease Operating Expense (2)
  $ 5.15     $ 188     $ 133     $ 20     $ 4     $ 22     $ 9  
Production and Ad Valorem Taxes
    1.84       67       57       -       -       -       10  
Transportation Expense
    0.93       34       30       -       -       3       1  
Total Production Expense
  $ 7.92     $ 289     $ 220     $ 20     $ 4     $ 25     $ 20  
Six Months Ended June, 2009
                                                       
Lease Operating Expense (2)
  $ 5.34     $ 193     $ 142     $ 20     $ 4     $ 19     $ 8  
Production and Ad Valorem Taxes
    1.14       42       38       -       -       -       4  
Transportation Expense
    0.68       25       21       -       -       2       2  
Total Production Expense
  $ 7.16     $ 260     $ 201     $ 20     $ 4     $ 21     $ 14  
 
(1)
Consolidated unit rates exclude sales volumes and expenses attributable to equity method investees.
 
(2)
Lease operating expense includes oil and gas operating costs (labor, fuel, repairs, replacements, saltwater disposal and other related lifting costs) and workover expense.
 
For the second quarter and first six months of 2010, total production expense increased as compared with 2009 due to the following:
 
 
·
an increase in production taxes in the US and China due to higher commodity prices;
 
·
an increase in transportation expense in the Wattenberg field due to increased crude oil and condensate production and the use of a new interstate crude oil transportation pipeline system to market production; and
 
·
an increase in North Sea lease operating expense due to higher sales volumes;
partially offset by
 
·
reductions in US lease operating expense due to the abandonment of our remaining Gulf of Mexico shelf properties at Main Pass, reductions in third-party costs and operating supplies and services, and reduced workover expense in the Mid-Continent area.


Oil and Gas Exploration Expense   Components of oil and gas exploration expense were as follows:
   
Total
   
United States
   
West Africa (1)
   
Eastern Mediter-ranean (2)
   
North Sea
   
Other Int'l, Corporate (3)
 
(millions)
                                   
Three Months Ended June 30, 2010
                                   
Dry Hole Cost
  $ 15     $ 15     $ -     $ -     $ -     $ -  
Seismic
    13       7       4       2       -       -  
Staff Expense
    19       5       1       1       -       12  
Other
    5       5       -       -       -       -  
Total Exploration Expense
  $ 52     $ 32     $ 5     $ 3     $ -     $ 12  
Three Months Ended June 30, 2009
                                               
Dry Hole Cost
  $ 7     $ 7     $ -     $ -     $ -     $ -  
Seismic
    7       5       -       2       -       -  
Staff Expense
    17       3       3       -       -       11  
Other
    2       2       -       -       -       -  
Total Exploration Expense
  $ 33     $ 17     $ 3     $ 2     $ -     $ 11  
Six Months Ended June 30, 2010
                                               
Dry Hole Cost
  $ 54     $ 51     $ 3     $ -     $ -     $ -  
Seismic
    35       29       4       2       -       -  
Staff Expense
    34       8       3       1       1       21  
Other
    9       9       -       -       -       -  
Total Exploration Expense
  $ 132     $ 97     $ 10     $ 3     $ 1     $ 21  
Six Months Ended June 30, 2009
                                               
Dry Hole Cost
  $ 9     $ 6     $ 4     $ -     $ -     $ (1 )
Seismic
    30       28       -       2       -       -  
Staff Expense
    32       6       6       -       1       19  
Other
    4       4       -       -       -       -  
Total Exploration Expense
  $ 75     $ 44     $ 10     $ 2     $ 1     $ 18  
 
(1)
West Africa includes Equatorial Guinea and Cameroon.
 
(2)
Eastern Mediterranean includes Israel and Cyprus.
 
(3)
Other International includes China, Ecuador and other amounts spent in support of various international new ventures.
 
Oil and gas exploration expense for the second quarter and first six months of 2010 increased as compared with 2009. US dry hole expense was associated with the Double Mountain exploration well in the deepwater Gulf of Mexico, which found noncommercial quantities of hydrocarbons. US seismic expense was incurred in support of Central Gulf of Mexico lease sales and West Africa seismic expenditures represented the acquisition of 3-D seismic information for Cameroon.
 

Depreciation, Depletion and Amortization   DD&A expense was as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions, except unit rate)
                       
DD&A Expense
  $ 210     $ 192     $ 422     $ 389  
Accretion of Discount on Asset Retirement Obligations
    5       4       9       7  
Total DD&A Expense
  $ 215     $ 196     $ 431     $ 396  
Unit Rate per BOE (1)
  $ 11.13     $ 10.88     $ 11.81     $ 10.95  

(1)
Consolidated unit rates exclude sales volumes and expenses attributable to equity method investees.
 
Total DD&A expense for the second quarter and first six months of 2010 increased as compared with 2009 due to the following:
 
 
·
higher production in the Wattenberg, Piceance and Western Oklahoma areas of our US operations, which have high DD&A rates relative to production from Equatorial Guinea and Israel which have lower DD&A rates;
 
·
ongoing capital spending in the Northern region of our US operations;
 
·
higher sales volumes in the North Sea; and
 
·
impact of lower year-end 2009 commodity prices on oil and gas reserves;
partially offset by
 
·
lower DD&A expense in the Mid-Continent area which has a reduced net book value resulting from an impairment recorded at the end of 2009; and
 
·
the cessation of DD&A associated with assets held for sale.
 
The unit rate per BOE increased for the second quarter and first six months of 2010 as compared with 2009 due to the change in mix of production, including decreases in lower-cost sales volumes from Equatorial Guinea and the impact of lower year-end 2009 commodity prices on oil and gas reserves, offset by a lower rate for the Mid-Continent area and the cessation of DD&A associated with assets held for sale.

General and Administrative Expense   General and administrative expense (G&A) was as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
G&A Expense (millions)
  $ 63     $ 60     $ 129     $ 119  
Unit Rate per BOE (1)
  $ 3.26     $ 3.35     $ 3.54     $ 3.29  
 
(1)
Consolidated unit rates exclude sales volumes and expenses attributable to equity method investees.
 
G&A expense for the second quarter and first six months of 2010 increased as compared with 2009 primarily due to additional expenses relating to personnel and office costs in support of our major projects.
 
Asset Impairments   Asset impairment expense for the first six months of 2009 was related to Granite Wash, an onshore US area where we have significantly reduced investments beginning in 2007, and our Gulf of Mexico Main Pass asset which had been reclassified from held-for-sale to held-and-used.
 
Other Operating (Income) Expense, Net    Other operating (income) expense, net includes rig contract termination expense related to the Federal Deepwater Moratorium, electricity generation expense and other items of operating income or expense. See Item 1. Financial Statements – Note 2.  Basis of Presentation and Note 3. Impact of Federal Deepwater Moratorium.


Other (Income) Expense
 
Other (income) expense was as follows:
                Increase (Decrease) from  
   
2010
   
2009
   
Prior Year
 
(millions)
                 
Three Months Ended June 30,
             
(Gain) Loss on Commodity Derivative Instruments
  (96 )   139       N/M  
Interest, Net of Amount Capitalized
    19       23       (17 %)
Other Non-Operating (Income) Expense, Net
    (13 )     4       N/M  
Total
  (90 )   166       N/M  
                         
Six Months Ended June 30,
                 
(Gain) Loss on Commodity Derivative Instruments
  (242 )   66       N/M  
Interest, Net of Amount Capitalized
    39       41       (5 %)
Other Non-Operating (Income) Expense, Net
    (13 )     12       N/M  
Total
  (216 )   119       N/M  
 
(N/M) The percentage is so large that it is not meaningful.
 
(Gain) Loss on Commodity Derivative Instruments     (Gain) loss on commodity derivative instruments is a result of mark-to-market accounting.   See Item 1. Financial Statements – Note 6.  Derivative Instruments and Hedging Activities and Note 7.  Fair Value Measurements and Disclosures.

Interest Expense and Capitalized Interest   Interest expense and capitalized interest were as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions, except unit rate)
                       
Interest Expense
  $ 35     $ 35     $ 70     $ 59  
Capitalized Interest
    (16 )     (12 )     (31 )     (18 )
Interest Expense, Net
  $ 19     $ 23     $ 39     $ 41  
Unit Rate, per BOE (1)
  $ 0.99     $ 1.29     $ 1.06     $ 1.13  
 
(1)
Consolidated unit rates exclude sales volumes and expenses attributable to equity method investees.
 
Interest expense increased for the first six months of 2010, as compared with 2009. The increase in interest expense primarily relates to our $1 billion 8¼% senior unsecured notes due March 1, 2019, which we issued on February 27, 2009. The higher rate on the senior unsecured notes replaced the substantially lower rate applicable to our revolving credit facility. See also Liquidity and Capital Resources Financing Activities below.
 
The increases in the amount of interest capitalized are due to higher work in progress amounts related to major long-term projects in West Africa, the deepwater Gulf of Mexico and Israel and the higher interest rate associated with our $1 billion 8¼% senior unsecured notes due March 1, 2019.
 
Other Non-operating (Income) Expense, Net   Other non-operating (income) expense, net includes deferred compensation (income) expense, interest income and other (income) expense. The decrease was due to a reduction in deferred compensation expense and increases in interest and other income. See Item 1. Financial Statements – Note 2.  Basis of Presentation.
 
Income Tax Provision (Benefit)
 
See Item 1. Financial Statements – Note 13.  Income Taxes for a discussion of the change in our effective tax rate during the first six months of 2010 as compared with 2009.


LIQUIDITY AND CAPITAL RESOURCES
 
Capital Structure/Financing Strategy
We strive to employ a capital structure, emphasizing a strong balance sheet, and financing strategy designed to provide ample liquidity throughout the commodity price cycle, sufficient to fund growth and major project development.  Specifically, we strive to retain the ability to fund long-cycle, capital intensive development projects while also maintaining the capability for financially attractive periodic mergers and acquisitions activity, such as the DJ Basin asset acquisition on March 1, 2010.  We endeavor to maintain an investment grade debt rating in support of these objectives.  We also utilize a commodity price hedging program to reduce commodity price uncertainty and enhance the predictability of cash flows along with a risk and insurance program to protect against disruption to our operations and ca sh flows. See Risk and Insurance Program Update, above.
 

We have planned to spend approximately $1 billion per year in 2010 and 2011 for major project development with funding provided by cash flows from operations, cash on hand and borrowings under our revolving credit facility and/or other financing. Cash may also be generated by occasional sales of non-strategic crude oil and natural gas properties.
 
As a result of the Federal Deepwater Moratorium, a portion of our spending related to exploratory and development activities in the deepwater Gulf of Mexico may be delayed. Additional delays in spending could occur, if, at the end of the Moratorium, drilling rigs, support vessels and equipment, or other oilfield services are in short supply.  A delay in spending will have a positive effect on our cash flows in the short term, to the extent we do not redeploy capital to US onshore or international areas. Once the Moratorium ends and we are re-engaged in our planned activities in the deepwater Gulf of Mexico, we may see a negative impact on cash flows due to higher drilling, operating and insurance costs.
 
Delays and price volatility are inherent in our business. Our capital structure approach has been to maintain a strong liquidity position which allows us to manage uncertainty by providing alternative courses of action. At June 30, 2010, we had over $1 billion in cash and significant remaining capacity under our credit facility for a total liquidity of $2.3 billion. This strong financial capacity will provide flexibility as we decide how best to manage the current situation in the deepwater Gulf of Mexico.
 
Information regarding cash and debt balances was as follows:
   
June 30,
   
December 31,
 
   
2010
   
2009
 
(millions, except percentages)
           
Cash and Cash Equivalents
  $ 1,017     $ 1,014  
Amount Available to be Borrowed Under Credit Facility
    1,280       1,718  
Total Liquidity
  $ 2,297     $ 2,732  
                 
Total Debt (Excluding Unamortized Discount)
  $ 2,591     $ 2,045  
Total Shareholders' Equity
    6,541       6,157  
Debt-to-Capital Ratio (1)
    28 %     25 %
 
(1)
We define our ratio of debt-to-book capital as total debt (which includes both long-term debt, excluding unamortized discount, and short-term borrowings) divided by the sum of total debt plus shareholders’ equity.
 
Cash and Cash Equivalents   We had $1 billion in cash and cash equivalents at June 30, 2010, primarily denominated in US dollars and invested in money market funds and short-term deposits with major financial institutions. A majority of this cash is attributable to our foreign subsidiaries and most would be subject to US income taxes if repatriated. We currently intend to use our international cash to fund international projects, including the planned developments in Equatorial Guinea and Israel.
 
Credit Facility   We have an unsecured revolving credit facility that matures December 9, 2012. The commitment is $2.1 billion until December 9, 2011 at which time the commitment reduces to $1.8 billion. We ended second quarter 2010 with $1.3 billion remaining available for borrowing.
 
Derivative Instruments   We use various derivative instruments in connection with anticipated crude oil and natural gas sales to minimize the impact of product price fluctuations and ensure cash flow for future capital needs. Such instruments include variable to fixed commodity price swaps, collars and basis swaps. Current period settlements on commodity derivative instruments impact our liquidity, since we are either paying cash to, or receiving cash from, our counterparties. If actual commodity prices are higher than the fixed or ceiling prices in our derivative instruments, our cash flows will be lower than if we had no derivative instruments. Conversely, if actual commodity prices are lower than the fixed or floor prices in our derivative instruments, our cash flows wi ll be higher than if we had no derivative instruments. Except for certain minor derivative contracts that we enter into from time to time in order to market third-party natural gas, none of our counterparty agreements contain margin requirements.  We also use derivative instruments to manage interest rate risk by entering into forward contracts or swap agreements to minimize the impact of interest rate fluctuations associated with fixed or floating rate borrowings.
 
Commodity derivative instruments are recorded at fair value in our consolidated balance sheets, and changes in fair value are recorded in earnings in the period in which the change occurs.  As of June 30, 2010 the fair value of our commodity derivative assets was $122 million and the fair value of our commodity derivative liabilities was $5 million (after consideration of netting agreements).  Interest rate derivative instruments, which are designated as cash flow hedges, are recorded at fair value in our consolidated balance sheets, and changes in fair value are reported in AOCL, to the extent the hedge is effective, until the forecasted transaction occurs, at which time they are recorded as adjustments to interest expense over the term of the related notes.  As of June 30, 2010 the fair value of our interes t rate derivative liability was $94 million.  See Item 1. Financial Statements – Note 6.  Derivative Instruments and Hedging Activities for a discussion of counterparty credit risk and Note 7.  Fair Value Measurements and Disclosures for a description of the methods we use to estimate the fair values of derivative instruments.
 

Cash Flows
Cash flow information is as follows:
   
Six Months Ended June 30,
 
   
2010
   
2009
 
(millions)
           
Total Cash Provided By (Used in)
           
Operating Activities
  $ 844     $ 498  
Investing Activities
    (1,248 )     (777 )
Financing Activities
    407       95  
Increase (Decrease) in Cash and Cash Equivalents
  $ 3     $ (184 )
 
Operating Activities   Net cash provided by operating activities for the first six months of 2010 increased as compared with the first six months of 2009 due primarily to increases in commodity prices, the refund of deepwater Gulf of Mexico royalties and an increase in dividends received from equity method investees.
 
Investing Activities   Our investing activities include capital spending on a cash basis for oil and gas properties, which may be offset by proceeds from property sales. Net cash used in investing activities increased by $471 million during the first six months of 2010 as compared with the first six months of 2009, primarily due to the DJ Basin asset acquisition. See Item 1. Financial Statements – Note 4. Acquisitions and Divestitures. See also Investing Activities – Acquisition, Capital and Exploration Expenditures below.
 
Financing Activities   Our financing activities include the issuance or repurchase of our common stock, payment of cash dividends on our common stock, the borrowing of cash and the repayment of borrowings. During the first six months of 2010, $438 million of funds were provided by net increases in borrowings under our revolving credit facility and used to fund the DJ Basin asset acquisition and other capital expenditures. Funds were also provided by cash proceeds from, and tax benefits related to, the exercise of stock options ($44 million). We used cash to pay dividends on our common stock ($63 million) and to repurchase shares of our common stock ($12 million).
 
In comparison, during the first six months of 2009, funds were provided by net proceeds from the issuance of our 8¼% senior notes ($989 million) and cash proceeds from, and tax benefits related to, the exercise of stock options ($16 million). We used cash for net repayments of amounts outstanding under our revolving credit facility ($821 million), to pay dividends on our common stock ($63 million), and to repurchase shares of our common stock ($1 million).
 
Investing Activities
Acquisition, Capital and Exploration Expenditures   Information for investing activities (on an accrual basis) is as follows:
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
 
(millions)
                       
Acquisition, Capital and Exploration Expenditures
                       
Unproved Property Acquisition
  $ 62     $ 46     $ 208     $ 62  
Proved Property Acquisition
    -       -       363       -  
Exploration
    56       50       171       145  
Development
    363       198       637       429  
Corporate and Other
    38       29       58       73  
Total
  $ 519     $ 323     $ 1,437     $ 709  
Increase in FPSO Lease Obligation
  $ 68     $ -     $ 108     $ -  
 
2010   Unproved property acquisition costs for the first six months of 2010 include $36 million of lease bonuses paid on deepwater Gulf of Mexico lease blocks and $146 million related to the DJ Basin asset acquisition and the remainder primarily for other onshore US lease acquisitions. Proved property acquisition costs are the result of the DJ Basin asset acquisition. See Item 1. Financial Statements Note 4. Acquisitions and Divestitures.
 
The obligation under FPSO lease represents the increase in estimated construction in progress to date on an FPSO to be used in the development of the Aseng field in Equatorial Guinea. See Item 1. Financial Statements Note 5. Debt.
 
2009   Unproved property acquisition costs include primarily lease bonuses on deepwater Gulf of Mexico lease blocks.
 

Financing Activities
Long-Term Debt   Our principal source of liquidity is an unsecured revolving credit facility that matures December 9, 2012. The commitment is $2.1 billion until December 9, 2011 at which time the commitment reduces to $1.8 billion. The credit facility (i) provides for credit facility fee rates that range from 5 basis points to 15 basis points per year depending upon our credit rating, (ii) makes available short-term loans up to an aggregate amount of $300 million and (iii) provides for interest rates that are based upon the Eurodollar rate plus a margin that ranges from 20 basis points to 70 basis points depending upon our credit rating and utilization of the credit facility. The credit facility is with certain commercial lending institutions and is available for gene ral corporate purposes.
 
At June 30, 2010, borrowings outstanding under the credit facility totaled $820 million, leaving approximately $1.3 billion available for use. The weighted average interest rate applicable to borrowings under the credit facility at June 30, 2010 was 0.66%.
 
Our outstanding fixed-rate debt totaled $1.6 billion at June 30, 2010. The weighted average interest rate on fixed-rate debt was 7.73%, with maturities ranging from 2014 to 2097.
 
Our ratio of debt-to-book capital was 28% at June 30, 2010 and 25% at December 31, 2009. We define our ratio of debt-to-book capital as total debt (which includes both long-term debt, excluding unamortized discount, and short-term borrowings) divided by the sum of total debt plus shareholders’ equity.
 
Short-Term Borrowings   Our committed credit facility may be supplemented by short-term borrowings under various uncommitted credit lines used for working capital purposes. Uncommitted credit lines may be offered by certain banks from time to time at rates negotiated at the time of borrowing. There were no amounts outstanding under uncommitted credit lines at June 30, 2010 or December 31, 2009. Depending upon future credit market conditions, these sources may or may not be available. However, we are not dependent on them to fund our day-to-day operations.
 
Dividends   We paid total cash dividends of 36 cents per share of our common stock during the first six months of each of 2010 and 2009. On July 27, 2010, our Board of Directors declared a quarterly cash dividend of 18 cents per common share, payable August 23, 2010 to shareholders of record on August 9, 2010. The amount of future dividends will be determined on a quarterly basis at the discretion of our Board of Directors and will depend on earnings, financial condition, capital requirements and other factors.
 
Exercise of Stock Options   We received cash proceeds of $28 million from the exercise of stock options during the first six months of 2010 as compared with $13 million during the first six months of 2009.
 
Common Stock Repurchases   We receive shares of common stock from employees for the payment of withholding taxes due on the vesting of restricted shares issued under stock-based compensation plans. We received 163,388 shares with a value of $12 million during the first six months of 2010 and 17,510 shares with a value of $1 million during the first six months of 2009. 
 

Item 3.  Quantitative and Qualitative Disclosures
About Market Risk
 
Commodity Price Risk
Derivative Instruments Held for Non-Trading Purposes   We are exposed to market risk in the normal course of business operations, and the uncertainty of crude oil and natural gas prices continues to impact the oil and gas industry. Due to the volatility of crude oil and natural gas prices, we continue to use derivative instruments as a means of managing our exposure to price changes.
 
At June 30, 2010, we had entered into variable to fixed price commodity swaps, collars and basis swaps related to crude oil and natural gas sales. Our open commodity derivative instruments were in a net receivable position with a fair value of $117 million. Based on the June 30, 2010 published commodity futures price strips for the underlying commodities, a hypothetical price increase of $1.00 per Bbl for crude oil would decrease the fair value of our net commodity derivative receivable by approximately $10 million. A hypothetical price increase of $0.10 per MMBtu for natural gas would decrease the fair value of our net commodity derivative receivable by approximately $11 million.  Our derivative instruments are executed under master agreements which allow us, in the event of default, to elect early termination of all contracts with the defaulting counterparty. If we choose to elect early termination, all asset and liability positions with the defaulting counterparty would be net cash settled at the time of election. See Item 1. Financial Statements Note 6. Derivative Instruments and Hedging Activities.
 
Interest Rate Risk
Changes in interest rates affect the amount of interest we pay on borrowings under our revolving credit facility and the amount of interest we earn on our short-term investments.
 
At June 30, 2010, we had $2.5 billion (excluding the FPSO lease and unamortized discount) of long-term debt outstanding. Of this amount, $1.6 billion was fixed-rate debt with a weighted average interest rate of 7.73%. Although near term changes in interest rates may affect the fair value of our fixed-rate debt, they do not expose us to the risk of earnings or cash flow loss.
 
The remainder of our long-term debt, $820 million at June 30, 2010, was variable-rate debt drawn under our credit facility.  Variable-rate debt exposes us to the risk of earnings or cash flow loss due to increases in market interest rates. We estimate that a hypothetical 25 basis point change in the floating interest rates applicable to the June 30, 2010 balance of our variable-rate debt would result in a change in annual interest expense of approximately $2 million.
 
We occasionally enter into interest rate derivative instruments such as forward contracts or swap agreements to hedge exposure to interest rate risk. Changes in fair value of interest rate derivative instruments used as cash flow hedges are reported in AOCL, to the extent the hedge is effective, until the forecasted transaction occurs, at which time they are recorded as adjustments to interest expense. At June 30, 2010, AOCL included $63 million, net of tax, related to interest rate derivative instruments. Of this amount, $2 million, net of tax, is currently being reclassified into earnings as adjustments to interest expense over the term of our 5¼% Senior Notes due April 2014. The remainder ($61 million, net of tax) is related to the change in fair value of an interest rate forward starting swap. Based on the notional amount subject to the interest rate forward starting swap at June 30, 2010, a hypothetical 10% increase in the implied 30-year forward starting swap rate would decrease the fair value of the interest rate derivative liability by approximately $33 million.
 
See Item 8. Financial Statements and Supplementary Data – Note 6. Derivative Instruments and Hedging Activities.
 
We are also exposed to interest rate risk related to our interest-bearing cash and cash equivalents balances. As of June 30, 2010, our cash and cash equivalents totaled $1 billion, approximately 72% of which was invested in money market funds and short-term investments with major financial institutions. A hypothetical 25 basis point change in the floating interest rates applicable to the amount invested as of June 30, 2010 would result in a change in annual interest income of approximately $2 million.
 
Foreign Currency Risk
The US dollar is considered the functional currency for each of our international operations. Substantially all of our international crude oil, natural gas and NGL production is sold pursuant to US dollar denominated contracts. Transactions, such as operating costs and administrative expenses that are paid in a foreign currency, are remeasured into US dollars and recorded in the financial statements at prevailing currency exchange rates. Certain monetary assets and liabilities, such as foreign deferred tax liabilities in certain foreign tax jurisdictions, are denominated in a foreign currency. An increase in exchange rates between the US dollar and the currency of the foreign tax jurisdiction in which these liabilities are located could result in the use of additional cash to settle these liabilities. Transaction gains or losses were not material in any of the periods presented and are included in other (income) expense, net in the consolidated statements of operations.
 
In the UK sector of our North Sea operations, significant future capital commitments and certain operating expenses are expected to be denominated in British pounds. Therefore, our cash flows could be impacted by future changes in the exchange rate between the US dollar and the British pound. We currently have no foreign currency derivative instruments outstanding. However, we may enter into foreign currency derivative instruments (such as forward contracts, costless collars or swap agreements) in the future if we determined that it is necessary to invest in such instruments in order to mitigate our foreign currency exchange risk.
 

Disclosure Regarding Forward-Looking Statements
 
This quarterly report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements give our current expectations or forecasts of future events. These forward-looking statements include, among others, the following:
 
 
·
our growth strategies;
 
·
our ability to successfully and economically explore for and develop crude oil and natural gas resources;
 
·
anticipated trends in our business;
 
·
our future results of operations;
 
·
our liquidity and ability to finance our exploration and development activities;
 
·
market conditions in the oil and gas industry;
 
·
our ability to make and integrate acquisitions; and
 
·
the impact of governmental regulation.
 
Forward-looking statements are typically identified by use of terms such as “may,” “will,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements may be expressed differently. These forward-looking statements are made based upon our current plans, expectations, estimates, assumptions and beliefs concerning future events impacting us and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. You should consider carefully the statements under Item 1A. Risk Factors included herein, if any, and included in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, and our Annual Report on Form 10-K for the year ended December 31, 2009, which describe factors that could cause our actual results to differ from those set forth in the forward-looking statements.  Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, and our Annual Report on Form 10-K for the year ended December 31, 2009 are available on our website at www.nobleenergyinc.com.

Item 4.  Controls and Procedures
 
Based on the evaluation of our disclosure controls and procedures by our principal executive officer and our principal financial officer, as of the end of the period covered by this quarterly report, each of them has concluded that our disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended, are effective. There were no changes in internal control over financial reporting that occurred during the quarter covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
Part II. Other Information
 
Item 1.  Legal Proceedings
 
See Item I. Financial Statements Note 16. Commitments and Contingencies.

Item 1A.  Risk Factors
 
There have been no material changes from the risk factors disclosed in Item 1A. Risk Factors of our quarterly report on Form 10-Q for the quarter ended March 31, 2010 or our annual report on Form 10-K for the year ended December 31, 2009, other than the following:
 
Our operations in the deepwater Gulf of Mexico, as well as in U.S. onshore and international locations, could be adversely affected by changes in laws and regulations which are expected to occur as a result of the Deepwater Horizon Incident.
 
In April 2010, the deepwater Gulf of Mexico drilling rig Deepwater Horizon was engaged in drilling operations for another operator and sank after an apparent blowout and fire.  The accident resulted in the loss of life and a significant oil spill.  On May 27, 2010, in response to the Incident, the President of the United States announced a six-month moratorium on drilling in the deepwater Gulf of Mexico and imposed new restrictions on permitting activities on the Outer Continental Shelf.  In conjunction therewith, the Department of the Interior issued a directive calling for additional safety and performance standards as well as rigorous monitoring and testing requirements.  More recently, various Congressional committees have begun pursuing legislation to regulate drilling activities and increase l iability. The legislature and regulatory response may not be limited to the U.S.; other countries could respond to the Incident as well.
 
We are monitoring legislative and regulatory developments; however, the full legislative and regulatory response to the Incident is not yet known.  An expansion of safety and performance regulations or an increase in liability for drilling activities may have one or more of the following impacts on our business:
 

·
increase the costs of drilling exploratory and development wells;
 
·
cause delays in, or preclude, the development of our projects in the deepwater Gulf of Mexico or other locations;
 
·
result in higher operating costs;
 
·
increase or remove liability caps for claims of damages from oil spills;
 
·
limit our ability to obtain additional insurance coverage on commercially reasonable terms to protect against any increase in liability.
 
Any of the above factors may result in a reduction of our cash flows, profitability, and the fair value of our properties.
 
Our major projects at Galapagos and Gunflint in the deepwater Gulf of Mexico may be adversely affected by our partnership with BP Exploration & Production Inc., a wholly-owned subsidiary of BP America Inc.
 
We are partners with BP at two major development projects in the deepwater Gulf Mexico, Galapagos and Gunflint.   At Galapagos, we are the operator for the Santa Cruz and Santiago wells, and BP is the operator for the Isabela well.  At Gunflint, we are the operator. Each project requires significant capital investments.
 
As a result of BP’s involvement in the Deepwater Horizon Incident, its ability to participate effectively as a partner in the Galapagos and Gunflint projects may be negatively impacted. For example, manpower and material resources have been diverted to addressing the Incident and resultant cleanup. Further, BP’s credit rating has recently been downgraded. In addition, its assets could be encumbered by governmental agencies, and/or its operating and development activities could be subject to heightened regulatory review or a reduction in scope. BP may have to sell assets or reduce capital expenditures in order to  satisfy its oil-spill claims. These actions could limit BP’s liquidity and financial flexibility and leave it unable to fund its share of project costs on a timely basis. As a result, these projects could b ecome subject to increased costs and/or delays which could decrease our cash flows and profitability.
 
Derivatives regulation included in current financial reform legislation could impede our ability to manage business and financial risks by restricting our use of derivative instruments as hedges against fluctuating commodity prices and interest rates.
 
In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) was passed by Congress and signed into law.  The Act contains significant derivatives regulation, including a requirement that certain transactions be cleared on exchanges and a requirement to post cash collateral (commonly referred to as “margin”) for such transactions. The Act provides for a potential exception from these clearing and cash collateral requirements for commercial end-users and it includes a number of defined terms that will be used in determining how this exception applies to particular derivative transactions and the parties to those transactions.  The Act requires the Commodities Futures and Trading Commission (the CFTC) to promulgate rules to define these terms, but we do not know the definitions that the CFTC will actually promulgate nor how these definitions will apply to us.
 
We use crude oil and natural gas derivative instruments with respect to a portion of our expected production in order to reduce commodity price uncertainty and enhance the predictability of cash flows relating to the marketing of our crude oil and natural gas. We also use interest rate derivative instruments to minimize the impact of interest rate fluctuations associated with anticipated debt issuances. As commodity prices increase or interest rates decrease, our derivative liability positions increase; however, none of our current derivative contracts require the posting of margin or similar cash collateral when there are changes in the underlying commodity prices or interest rates that are referred to in these contracts.
 
Depending on the rules and definitions adopted by the CFTC, we could be required to post collateral with our dealer counterparties for our commodities and interest rate derivative transactions.  Such a requirement could have a significant impact on our business by reducing our ability to execute derivative transactions to reduce commodity price and interest rate uncertainty and to protect cash flows.  Requirements to post collateral would cause significant liquidity issues by reducing our ability to use cash for investment or other corporate purposes, or would require us to increase our level of debt. In addition, a requirement for our counterparties to post collateral would likely result in additional costs being passed on to us, thereby decreasing the effectiveness of our hedges and our profitability.< /font>
 
Our operations may be adversely affected by changes in the fiscal regimes of the countries in which we operate.
 
We operate in the US and other countries whose tax and fiscal regimes may change over time. The application of fiscal regimes through laws and regulations governing royalty payments and/or income taxes results in an increase or decrease in the amount of revenues a government collects, and a corresponding decrease or increase in the revenues of an oil and gas company operating in that particular country.
 
Historically, royalty and income tax laws and regulations have changed in certain jurisdictions, and the implementation of new, or the modification of existing, laws or regulations could negatively impact our operations. For example, the UK Finance Act of 2006 increased the income tax rate on our UK operations effective January 1, 2006.  The China Petroleum Special Profits Tax, enacted in 2006, imposed an excise tax on crude oil produced in the country.
 

The proposed US federal budget for fiscal year 2011, as originally submitted, as well as other proposed legislation currently before Congress, included provisions which could effectively raise taxes for US oil and gas operations.
 
In Israel, the finance ministry recently announced the establishment of a committee to study Israel’s tax policy for the upstream oil and natural gas sector, as well as various options, including an increase in taxes and royalties.
 
Tax policy changes could result in increases in royalties or other taxes.  If these or similar proposals are enacted, our taxes will increase, which would have a negative impact on our net income and cash flows. This could also reduce our drilling activities. Since none of these proposals have yet to become law, we do not know the ultimate impact they may have on our financial condition, results of operations or cash flows.

Our operations require us to comply with a number of US and international laws and regulations, violations of which could result in substantial fines or sanctions and impair our ability to do business.

Our operations require us to comply with a number of US and international laws and regulations, including those involving anti-corruption. For example, the US Foreign Corrupt Practices Act (FCPA) and similar laws and regulations enacted or promulgated by countries pursuant to the 1997 Organization for Economic Co-operation and Development Anti-Bribery Convention generally prohibit improper payments to foreign officials for the purpose of obtaining or keeping business. The scope and enforcement of anti-corruption laws and regulations may vary. The recently-enacted UK Bribery Act of 2010, which becomes effective in 2011, is broader in scope than the FCPA and applies to public and private sector corruption and contains no facilitating payments exception. Violations of such laws or regulations could result in substantial civil or criminal fin es or sanctions, and actual or alleged violations could damage our reputation and impair our ability to do business.
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
 
Period
 
Total Number
of Shares
Purchased (1)
   
Average Price Paid Per Share
   
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
   
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
 
                     
(in thousands)
 
04/01/10 - 04/30/10
    1,271     $ 77.05       -       -  
05/01/10 - 05/31/10
    636       59.78       -       -  
06/01/10 - 06/30/10
    34       57.65       -       -  
Total
    1,941     $ 71.05       -       -  
 
(1)
Stock repurchases during the period related to stock received by us from employees for the payment of withholding taxes due on shares issued under stock-based compensation plans.
 
Item 3. Defaults Upon Senior Securities
 
None.

Item 4. (Removed and Reserved)
 
Item 5.  Other Information
 
None.

Item 6.  Exhibits
 
The information required by this Item 6 is set forth in the Index to Exhibits accompanying this quarterly report on Form 10-Q.
 

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
NOBLE ENERGY, INC.
 
(Registrant)


Date
 
July 29, 2010
 
/s/ Kenneth M. Fisher
       
Kenneth M. Fisher
       
Senior Vice President, Chief Financial Officer


Index to Exhibits

Exhibit Number
 
Exhibit
     
3.1
 
Certificate of Incorporation, as amended through May 16, 2005, of the Registrant (filed as Exhibit 3.1 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2008, and incorporated herein by reference).
     
3.2
 
By-Laws of Noble Energy, Inc. as amended through June 1, 2009 (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (Date of Event: February 17, 2009) filed February 19, 2009 and incorporated herein by reference).
     
 
Certification of the Company’s Chief Executive Officer Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 7241), filed herewith.
     
 
Certification of the Company’s Chief Financial Officer Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 7241), filed herewith.
     
 
Certification of the Company’s Chief Executive Officer Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), filed herewith.
     
 
Certification of the Company’s Chief Financial Officer Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), filed herewith.
     
101.INS
 
XBRL Instance Document
     
101.SCH
 
XBRL Schema Document
     
101.CAL
 
XBRL Calculation Linkbase Document
     
101.LAB
 
XBRL Label Linkbase Document
     
101.PRE
 
XBRL Presentation Linkbase Document
     
101.DEF
 
XBRL Definition Linkbase Document
 
 
45

EX-31.1 2 ex31_1.htm EXHIBIT 31.1 ex31_1.htm

Exhibit 31.1

Certification Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
(18 U.S.C. Section 7241)

I, Charles D. Davidson, certify that:

1.
I have reviewed this quarterly report on Form 10-Q of Noble Energy, Inc.;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:
 
July 29, 2010
 

/s/ Charles D. Davidson
 
Charles D. Davidson
 
Chief Executive Officer
 
 
 

EX-31.2 3 ex31_2.htm EXHIBIT 31.2 ex31_2.htm

Exhibit 31.2

Certification Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
(18 U.S.C. Section 7241)

I, Kenneth M. Fisher, certify that:

1. 
I have reviewed this quarterly report on Form 10-Q of Noble Energy, Inc.;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:
 
July 29, 2010
 

/s/ Kenneth M. Fisher
 
Kenneth M. Fisher
 
Chief Financial Officer
 
 
 

EX-32.1 4 ex32_1.htm EXHIBIT 32.1 ex32_1.htm

Exhibit 32.1

Certification Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
(18 U.S.C. Section 1350)

In connection with the accompanying Quarterly Report of Noble Energy, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2010 (the “Report”), I, Charles D. Davidson, Chief Executive Officer of the Company, hereby certify that to my knowledge:

 
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

 
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


Date:
 
July 29, 2010
 
/s/ Charles D. Davidson
       
Charles D. Davidson
       
Chief Executive Officer
 
 

EX-32.2 5 ex32_2.htm EXHIBIT 32.2 ex32_2.htm

Exhibit 32.2

Certification Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
(18 U.S.C. Section 1350)

In connection with the accompanying Quarterly Report of Noble Energy, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2010 (the “Report”), I, Kenneth M. Fisher, Chief Financial Officer of the Company, hereby certify that to my knowledge:

 
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

 
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


Date:
 
July 29, 2010
 
/s/ Kenneth M. Fisher
       
Kenneth M. Fisher
       
Chief Financial Officer
 
 

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Certain reclassifications of amounts previously reported have been made to conform to current year presentations. 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FONT-SIZE: 10pt">The fair values of the properties were determined as of the date of the assessment using a discounted cash flow method, as comparable market data was not available. The discounted cash flows were based on management&#8217;s expectations for the future. Inputs included estimates of future oil and gas production, commodity prices based on published forward commodity price curves as of the date of the estimate, operating and development costs, and a risk-adjusted discount rate.</font></div> 87000000 91000000 4000000 100000000 86000000 65000000 Large Accelerated Filer 174800348 0 0 16000000 3000000 0 0 0 0 0 0 16000000 3000000 -128000000 -75000000 2162000000 2076000000 2584000000 2037000000 1215000000 990000000 Includes amounts related to our 100%-owned Ecuador integrated power project. The project includes the Amistad natural gas field, offshore Ecuador, which supplies natural gas to fuel the Machala power plant located in Machala, Ecuador. Electricity generation expense includes all operating and non-operating expenses associated with the plant, including depreciation, depletion and amortization expense (DD&A) and changes in the allowance for doubtful accounts. Electricity generation expense for the first six months of 2009 includes a reduction in the allowance for doubtful accounts of $46 million received in accordance with the terms of a settlement with entities purchasing electricity in Ecuador. See Note 3. Impact of Federal Deepwater Moratorium. In February 2008, effective July 1, 2007, we sold our interest in Argentina. The gain on sale was deferred until second quarter 2009 when the Argentine government approved the sale. Amount represents increases (decreases) in the fair value of our common stock held in a rabbi trust. During 2010, we received a refund, including interest thereon, attributable to royalties that we previously paid on crude oil and natural gas produced in the deepwater Gulf of Mexico from January 1, 2003 through July 31, 2009. A three-way collar consists of a collar contract combined with a put option contract sold by us with a price below the floor price of the collar. Level 1 measurements are fair value measurements which use quoted market prices (unadjusted) in active markets for identical assets or liabilities. We use Level 1 inputs when available as Level 1 inputs generally provide the most reliable evidence of fair value. Level 2 measurements are fair value measurements which use inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly. Level 3 measurements are fair value measurements which use unobservable inputs. Amount represents the impact of master netting agreements that allow us to net cash settle asset and liability positions with the same counterparty. Excludes obligation under FPSO lease. Revenues include decreases resulting from hedging activities. The decreases resulted from hedge gains and losses that were deferred in AOCL, as a result of previous cash flow hedge accounting, and subsequently reclassified to revenues. The diluted earnings per share calculation for the three and six months ended June 30, 2010 includes decreases to net income of $9 million and $7 million (net of tax), respectively, related to a deferred compensation gain from Noble Energy shares held in a rabbi trust. When dilutive, the deferred compensation gain or loss (net of tax) is excluded from net income while the Noble Energy shares held in the rabbi trust are included in the diluted share count. The increase in the credit facility balance from December 31, 2009 represents amounts drawn to fund the DJ Basin asset acquisition and other capital expenditures. See Note 4. Acquisitions and Divestitures. Amount reported is based on percentage of floating production, storage and offloading vessel (FPSO) construction activities completed as of June 30, 2010, and therefore does not reflect future minimum lease obligations. The increase in the FPSO lease obligation is a non-cash financing activity. Includes effect of commodity derivative instruments previously accounted for as cash flow hedges. Net derivative gains and losses that were deferred in AOCL as of January 1, 2008, as a result of previous cash flow hedge accounting, are reclassified to earnings in future periods as the original hedged transactions occur. 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Accounts Payable Trade [Abstract] Accounts Payable - Trade Capital Costs Payable Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used for an entity's capital costs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Capital Costs Royalties Payable Marketing And Trading Payables Current Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's marketing and trading activities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Marketing and Trading Activities Lease Operating Expense Payable Carrying value as of the balance sheet date of lease operating expense incurred and payable to third parties related to properties used in oil and gas production. Lease Operating Expense Other Accounts Payable Other Current Other Current Liabilities Other Liabilities Current [Abstract] Production And Ad Valorem Tax Payable Current Carrying value as of the balance sheet date of production and ad valorem taxes incurred and payable related to properties used in oil and gas production. Production and Ad Valorem Taxes Production and Ad Valorem Taxes Commodity Derivative Liabilities Current Fair values as of the balance sheet date of all current liabilities resulting from contracts that meet the criteria of being accounted for as commodity derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Commodity Derivative Liabilities, Current Interest Rate Derivative Liabilities Current Fair values as of the balance sheet date of all current liabilities resulting from contracts that meet the criteria of being accounted for as interest rate derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Interest Rate Derivative Liability, Current Income Taxes Payable Asset Retirement Obligations, Current Interest Payable Other Other Accrued Liabilities Current Other Noncurrent Liabilities Other Liabilities Noncurrent [Abstract] Deferred Compensation Liabilities, Noncurrent Deferred Compensation Liability Classified Noncurrent Asset Retirement Obligations, Noncurrent Accrued Benefit Costs, Noncurrent Commodity Derivative Liabilities, Noncurrent Other Other Noncurrent Liabilities Accrued Royalties Refund Refund attributable to royalties that wer previously paid on produced crude oil and natural gas. Refund attributable to royalties that we previously paid on crude oil and natural gas produced in the deepwater Gulf of Mexico Accrued Interest Receivable Receipt Period The period of time over which the accrued interest is expected to be received. Number of months within which interest receivable is expected to be collected Nonoperating Working Interest In Exploration Well The proportionate share of interest (percent) in an oil and gas well Non-operated working interest Objectives and Strategies for using Derivative Instruments Unsettled Derivative Instruments Fair Value of Derivative Instruments Notional Amount of Interest Rate Cash Flow Hedge Derivative Reference Interest Rate Schedule of Derivative Instruments [Abstract] Unsettled Derivative Instruments Derivative Table Derivative, by Nature [Axis] Derivative, Name [Domain] Derivative By Risk [Axis] Information pertinent to an understanding of a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments, by such instrument or grouping. By contract risk type. Derivative By Risk [Domain] Crude Oil Commodity Contract [Member] Derivative instrument whose primary underlying risk is tied to crude oil commodity prices. Crude Oil Derivative Instruments Natural Gas Commodity Contract [Member] Derivative instrument whose primary underlying risk is tied to natural gas commodity prices. Natural Gas Derivative Instruments Variable To Fixed Price Swap 1 [Member] Attributes of the variable to fixed price swap entered into by the company. Variable to Fixed Price Swap 1 Variable To Fixed Price Swap 2 [Member] Attributes of the variable to fixed price swap entered into by the company. Variable to Fixed Price Swap 2 Variable To Fixed Price Swaps Current Year Average [Member] The current year total volume per day and weighted average fixed price of variable to fixed price swaps entered into by the company. Variable to Fixed Price Swaps 2010 Average Variable To Fixed Price Swap 3 [Member] Attributes of the variable to fixed price swap entered into by the company. Variable to Fixed Price Swap 3 Two Way Collar 1 [Member] Attributes of the two way collar entered into by the company. Two Way Collars 1 Two Way Collar 2 [Member] Attributes of the two way collar entered into by the company. Two Way Collars 2 Two Way Collars Current Year Average [Member] The current year total volume per day and weighted average floor and ceiling prices of two way collars entered into by the company. Two Way Collars 2010 Average Two Way Collar 3 [Member] Attributes of the two way collar entered into by the company. Two Way Collars 3 Three Way Collars 1 [Member] Attributes of the three way collar entered into by the company. Three Way Collars 1 Basis Swaps 1 [Member] Attributes of the basis swap entered into by the company. Basis swaps 1 Basis Swaps 2 [Member] Attributes of the basis swap entered into by the company. Basis swaps 2 Derivative [Line Items] Derivative Production Period Contract period of time relating to a derivative instrument. Production Period Index Index Less Differential Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). Volume Per Day Weighted Average Fixed Price Weighted Average Short Put Price Weighted Average Floor Price Weighted Average Ceiling Price Derivative Weighted Average Differential Weighted average price differential related to the Index Less Differential Weighted Average Differential Fair Value of Derivative Instruments Table Derivative Instruments In Statement Of Financial Position Fair Value [Abstract] Additional Variable To Fixed Price Swap [Member] Attributes of the variable to fixed price swap entered into by the company, subsequent to the date of the financial statements. Additional Variable to Fixed Price Swap Additional Three Way Collar [Member] Attributes of the three way collar entered into by the company, subsequent to the date of the financial statements. Additional Three Way Collar A Additional Three Way Collar B [Member] Attributes of the three way collar entered into by the company, subsequent to the date of the financial statements. Additional Three Way Collar B Additional Three Way Collar C [Member] Attributes of the three way collar entered into by the company, subsequent to the date of the financial statements. Additional Three Way Collar C Fair Value of Derivative Instruments Table Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] Derivatives, Fair Value, by Derivative Instrument Risk [Axis] Commodity derivative instruments Interest rate derivative instruments Derivatives, Fair Value, by Balance Sheet Location [Axis] Balance Sheet Location [Domain] Derivative Contract Type [Domain] Current Assets [Member] Line item in the statement of financial position in which the fair value amounts of the derivative instruments are included Current Assets Noncurrent Assets [Member] Line item in the statement of financial position in which the fair value amounts of the derivative instruments are included Noncurrent Assets Current Liabilities [Member] Line item in the statement of financial position in which the fair value amounts of the derivative instruments are included Current Liabilities Noncurrent Liabilities [Member] Line item in the statement of financial position in which the fair value amounts of the derivative instruments are included Noncurrent Liabilities Derivatives, Fair Value [Line Items] Derivative Asset Not Designated as Hedging Instrument, Fair Value Derivative Liability Not Designated as Hedging Instrument, Fair Value Derivative Asset Designated as Hedging Instrument, Fair Value Derivative Liability Designated as Hedging Instrument, Fair Value Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Abstract] Effect of derivative instruments on consolidated statement of operations Table Derivative Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location, by Derivative Instrument Risk [Table] Effect of derivative instruments on consolidated statement of operations Table Derivative Instruments, Gain (Loss) by Hedging Relationship [Axis] Hedging Relationship [Domain] Derivative Instruments Not Designated as Hedging Instruments Derivative Instruments in Cash Flow Hedging Relationships Derivative Instruments, Gain (Loss) by Derivative Instrument Risk [Axis] Derivative Instruments, Gain (Loss) by Income Statement Location [Axis] Income Statement and Other Comprehensive Income Location [Domain] Interest Expense Oil And Gas Sales [Member] Revenue from oil and gas sales. Oil and Gas Sales Derivative Instruments, Gain (Loss) [Line Items] Realized Mark-to-Market (Gain) Loss Amount of (Gain) Loss on Derivative Instruments Recognized in Other Comprehensive (Income) Loss Amount of (Gain) Loss on Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss [Abstract] Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Commodity Cash Flow Hedges Effect Net Of Tax Amount of Deferred Losses Related to the Fair Value of Commodity Derivative Instruments Previously Accounted for as Cash Flow Hedges Recorded in Accumulated Other Comprehensive Loss, Net of Tax Accumulated change, net of tax, in accumulated gains and losses from commodity derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Amount of Deferred Income Tax Benefits Related to the Fair Value of Commodity Derivative Instruments Previously Accounted for as Cash Flow Hedges Recorded in Accumulated Other Comprehensive Loss Other Comprehensive Income Estimated Reclassification Adjustment On Derivatives Included In Net Income Before Tax Estimate for the remainder of the current year, of the pre tax reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income. Amount of Deferred Losses Related to the Fair Value of Commodity Derivative Instruments Previously Accounted for as Cash Flow Hedges Recorded in Accumulated Other Comprehensive Loss, Gross Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Interest Rate Cash Flow Hedges Effect Net Of Tax Accumulated change, net of tax, in accumulated gains and losses from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges. Amount of Deferred Losses Related to Interest Rate Derivative Instruments Recorded in Accumulated Other Comprehensive Loss, net of tax Interest Rate Cash Flow Hedge Gain Loss Expected Reclassification To Earnings The amount of net gains (losses) on interest rate cash flow hedges expected to be reclassified over the term of the hedged item to earnings from accumulated other comprehensive income. Amount of Deferred Losses Related to Interest Rate Derivative Instruments Currently Being Reclassified Into Earnings 5.25% Senior Notes due April 2014 Accumulated Other Comprehensive Income Loss Remaining Cumulative Changes In Net Gain Loss From Interest Rate Cash Flow Hedges Effect Net Of Tax Accumulated change, net of tax, in accumulated gains and losses from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges, remaining in accumulated other comprehensive loss until fixed-rate debt is issued. Amount of Deferred Losses Related to Interest Rate Derivative Instruments to be Amortized to Interest Expense Over the Life of the Related Debt Issuance Fair Value Assets And Liabilities Measured On Recurring Basis [Text Block] Disclosure related to assets and liabilities, including financial instruments measured at fair value that are classified in stockholders' equity, if any, measured at fair value on a recurring basis. Includes reporting date measures by level in a fair value hierarchy in which the fair value measurements fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Assets and liabilities measured at fair value on a recurring basis Additional fair value disclosures Fair Value Assets And Liabilities Measured On Recurring Basis [Table] Summarization of information required and determined to be disclosed concerning assets and liabilities, including [financial] instruments that are classified in stockholders' equity, which are measured at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis Fair Value Assets And Liabilities Measured On Recurring Basis [Axis] Fair Value Assets And Liabilities Measured On Recurring Basis [Domain] Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] Quoted Prices in Active Markets ( Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Inputs Adjustment [Member] Amount represents the impact of master netting agreements that allow us to net cash settle asset and liability positions with the same counterparty Adjustment Financial Assets [Abstract] Financial Assets Mutual Fund Investments Fair Value Measured On Recurring Basis Investments Commodity Derivative Instruments Financial Liabilities [Abstract] Financial Liabilities Fair Value Liabilities Measured On Recurring Basis Commodity Derivative Financial Instruments Liabilities This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. Commodity Derivative Instruments Fair Value Liabilities Measured On Recurring Basis Interest Rate Derivative Financial Instruments Liabilities This element represents a certain statement of financial position liability caption which represents a interest rate derivative liability, measured at fair value on a recurring basis. Interest Rate Derivative Instruments Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Liability This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. Portion of Deferred Compensation Liability Measured at Fair Value Carrying Value Before Impairment Carrying value of asset before impairment. Fair Value Subsequent To Impairment Estimated fair value of asset subsequent to impairment. Pre Tax Impairment Amount of impairment Additional fair value disclosures Fair Value By Balance Sheet Grouping [Abstract] Fair Value, by Balance Sheet Grouping [Table] Fair Value, by Balance Sheet Grouping, Disclosure Item Amounts [Axis] Fair Value, Disclosure Item Amounts [Domain] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Carrying Amount [Member] Fair Value [Member] Fair Value Measurement Long Term Debt Net Of Unamortized Discount Fair Value Disclosure Long-Term Debt, Net of Unamortized Discount Element represents the portion of the balance sheet assertion at fair value whether such amount is presented as a separate caption or as a parenthetical disclosure. Element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Element may be used in both the balance sheet and disclosure in the same submission. Item represents long term debt, net of unamortized discount, and excluding FPSO lease obligations, as of the balance sheet date. Changes in Capitalized Exploratory Well Costs Aging of Capitalized Well Costs Aging of Exploratory Well Costs Changes in Capitalized Exploratory Well Costs Table Increase Decrease In Capitalized Exploratory Well Costs That Are Pending Determination Of Proved Reserves Roll Forward Capitalized Exploratory Well Costs, Beginning of Period Capitalized Exploratory Well Costs, End of Period Capitalized Exploratory Well Costs, End of Period Additions to Capitalized Exploratory Well Costs Pending Determination of Proved Reserves Reclassified to Proved Oil and Gas Properties Based on Determination of Proved Reserves Capitalized Exploratory Well Costs Charged to Expense Schedule Of Aging Of Capitalized Exploratory Well Costs [Abstract] Aging of Capitalized Well Costs Table Exploratory Well Costs Capitalized for a Period of One Year or Less Exploratory Well Costs Capitalized for a Period Greater Than One Year After Completion of Drilling Number of Projects with Exploratory Well Costs That Have Been Capitalized for a Period Greater Than One Year After Completion of Drilling Projects with Exploratory Well Costs Capitalized for More than One Year [Table] Projects with Exploratory Well Costs Capitalized for More than One Year by Project [Axis] Project with Exploratory Well Costs Capitalized for More than One Year, Name [Domain] Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items] Blocks O And I West Africa [Member] Block O and I (West Africa) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Blocks O and I (West Africa) Tamar And Dalit Israel [Member] Tamar and Dalit (Israel) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Tamar and Dalit (Israel) Gunflint Deepwater Gulf Of Mexico [Member] Gunflint (Deepwater Gulf of Mexico) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Gunflint (Deepwater Gulf of Mexico) Redrock Deepwater Gulf Of Mexico [Member] Redrock (Deepwater Gulf of Mexico) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Redrock (Deepwater Gulf of Mexico) Flyndre North Sea [Member] Flyndre (North Sea) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Flyndre (North Sea) Selkirk North Sea [Member] Selkirk (North Sea) projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Selkirk (North Sea) Other Projects [Member] Other previously not disclosed projects with exploratory well costs capitalized for more than one year. Presented by year of suspension and total at balance sheet date. Other Capitalized Exploratory Well Costs Capitalized More Than One Year Suspended Since Year 2007 And Prior The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling and suspended since year 2007 and prior Suspended since 2007 and Prior Capitalized Exploratory Well Costs Capitalized More Than One Year Suspended Since Year 2008 The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling and suspended since year 2008 Suspended since 2008 Capitalized Exploratory Well Costs Capitalized More Than One Year Suspended Since Year 2009 The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling and suspended since year 2009 Suspended since 2009 Number Of Onshore U S Wells Number of onshore US wells which continue to be evaluated by various means including additional seismic work, drilling additional wells and evaluating the potential of the exploration well. Other Projects Schedule Of Earnings Per Share Basic And Diluted By Common Class [Text Block] This element may be used to capture the complete disclosure pertaining to an entity's basic and diluted earnings per share. Calculation of Basic and Diluted Earnings (Loss) Per Share Schedule Of Earnings Per Share Basic And Diluted By Common Class [Abstract] Incremental Shares from Assumed Conversion of Dilutive Options, Restricted Stock and Shares of Common Stock in Rabbi Trust Antidilutive stock options, shares of restricted stock and common Incremental Common Shares Attributable To Options And Restricted Stock Incremental Options and Shares of Restricted Stock Excluded from Calculation of Diluted Earnings in Loss Period. Incremental stock options and shares of restricted stock excluded from calculation of diluted earnings in loss period Income Tax Expense Benefit Continuing Operations [Text Block] Disclosure of the components of income tax provision (benefit). Income Tax Provision (Benefit) Income Tax Provision (Benefit) Table Total Income Tax Provision (Benefit) Income Tax Provision (Benefit) Effective Tax Rate Foreign Earnings Repatriated The amount of foreign earnings repatriated. Repatriated Accumulated Earnings of Foreign Subsidiaries U S Income Tax Expense Foreign Earnings Repatriated Increase in US income tax expense due to repatriation of foreign earnings. Increase in US Income Tax Expense Due to Repatriation Income Tax Examination [Table] Income Tax Examination by Jurisdiction [Axis] Income Tax Authority [Domain] Income Tax Examination [Line Items] US [Member] Equatorial Guinea [Member] The designated tax department of Equatorial Guinea entitled to levy and collect income taxes from the entity outside its country of domicile. Equatorial Guinea China [Member] The designated tax department of China entitled to levy and collect income taxes from the entity outside its country of domicile. China Israel [Member] The designated tax department of Israel entitled to levy and collect income taxes from the entity outside its country of domicile. Israel UK [Member] The designated tax department of the UK entitled to levy and collect income taxes from the entity outside its country of domicile. UK Netherlands [Member] The designated tax department of the Netherlands entitled to levy and collect income taxes from the entity outside its country of domicile. Netherlands Income Tax Examination Earliest Year Under Examination The earliest tax year being audited in connection with the income tax examination. Earliest years remaining open to examinations Rig Contract Termination Expense Increase in US Income Tax Expense Due to Repatriation Recorded in 2008 Increase in US income tax expense due to repatriation of foreign earnings recorded in 2008. U S 2008 Income Tax Expense Foreign Earnings Repatriated Gain on Asset Sale Gain on Asset Sale Impact Of Federal Deep Water Moratorium [Text Block] Description containing incident(s) resulting in a moratorium or suspension in business activity. May include description of new legislation or injunction enforcing the moratorium and the expense recognized for termination, exit and disposal activities. Impact of Federal Deepwater Moratorium Accounting for Commodity Derivative Instruments Accounting for Interest Rate Derivative Instruments Fair Value Of Financial Instruments Measured Recurring Basis Policy Describes an entity's accounting policy for determining the fair value of its financial instruments, measured on a recurring basis. Fair Value of Financial Instruments, Measured on a Recurring Basis, Policy Fair Value Of Financial Instruments Measured Nonrecurring Basis Policy Describes an entity's accounting policy for determining the fair value of its financial instruments, measured on a Nonrecurring basis. Fair Value of Financial Instruments, Measured on a Nonrecurring Basis, Policy Business Exit Cost Liability Liability for the charge against earnings in the period, comprised of costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. Disclosure may include company reporting unit associated with the liability charge. US Reporting Unit Liability, Rig Contract Termination Expense Rig Contract Termination Expense Oil And Gas Assets Held Four Sale Expected Proceeds The approximate sales price expected as a result of the divestiture of certain non-core propeties. Estimated sales price Property, Plant and Equipment Held for Sale (Net Book Value) Goodwill To Be Written Off Related To Sale Of Business Unit Write-off of the carrying amount of goodwill expected as a result of the divestiture of certain non-core propeties. Goodwill Allocated to Properties Held for Sale Oil And Gas Reclamation Liability Assets Held Four Sale Adjustment The increase (decrease) in the asset retirement obligation associated with properties held for sale to be recorded upon completion of the asset sale. Asset Retirement Obligations Associated with Properties Held for Sale Variable To Fixed Price Swap 4 [Member] Attributes of the variable to fixed price swap entered into by the company. Variable to Fixed Price Swap 4 Three Way Collars 2 [Member] Attributes of the three way collar entered into by the company. Three Way Collars 2 Basis Swaps 3 [Member] Attributes of the basis swap entered into by the company. Basis swaps 3 Assets and liabilities measured at fair value on a nonrecurring basis Table Assets and liabilities measured at fair value on a nonrecurring basis Assets and liabilities measured at fair value on a nonrecurring basis Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Abstract] Assets and liabilities measured at fair value on a nonrecurring basis Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Disclosure Items [Axis] Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Disclosure Items [Domain] Net Book Value [Member] This element represents the net book value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined). Net Book Value Six Months [Abstract] June 30, 2009 Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Financial Statement Captions [Line Items] Share-Based Compensation Awards Share-based Arrangements to Obtain Goods and Services [Abstract] Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Award Type and Plan Name [Axis] Share-based Compensation Arrangements by Share-based Payment Award, Award Type and Plan Name [Domain] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Stock Options Restricted Stock Earning Adjustment Assumed Conversion Of Dilutive Shares Adjustment to earnings assuming the conversion of dilutive shares of Common Stock in a Rabbi Trust. Earnings Adjustment from Assumed Conversion of Dilutive Shares of Common Stock in Rabbi Trust Net Income (Loss) Used for Diluted Earnings Per Share Calculation Schedule Of Additional Information Of Basic And Diluted Earning Loss Per Share [Text Block] Additional Basic and Diluted Earnings per share information which can include antidulutive stock options and shares of restricted stock as well as incremental stock options and shares of of restricted stock excluded from the calculation of diluted earnings in period. Schedule of Additional Information for Basic and Diluted Earning (Loss) Per Share Additional Information [Abstract] Additional Information Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] Assets and liabilities measured at fair value on a recurring basis Income Tax Examinations [Abstract] Income Tax Examinations Electricity Generation Expense Share-Based Compensation Awards [Text Block] Share-Based Compensation Awards Schedule Of Total Purchase Price And Allocation Of Total Purchase Price [Text Block] Schedule including disclosures of total purchase price and allocation of total purchase price by grouped by type. Schedule of Total Purchase Price and Allocation of Total Purchase Price Total Purchase Price [Abstract] Total Purchase Price Allocation Of Total Purchase Price [Abstract] Allocation of Total Purchase Price Schedule Of Total Purchase Price And Allocation Of Total Purchase Price [Abstract] Schedule of Total Purchase Price and Allocation of Total Purchase Price Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Stock Options Additional Basis Swaps [Member] Additional Basis Swaps Schedule of the location and amount of gains and losses reported in the statement of financial performance (or when applicable, the statement of financial position, for example, gains and losses initially recognized in other comprehensive income) on derivative instruments designated and qualifying in fair value hedges and related hedged items designated and qualifying in fair value hedges. Schedule Of Derivative Instruments Gains Losses In Statement Of Financial Performance [Text Block] Effect of derivative instruments on consolidated statement of operations Business Acquisitions Cost Of Acquired Entity Liabilities Incurred Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination, and the acquirer therefore retains control of them; in that situation, the acquirer shall measure those liabilities at their carrying amounts immediately before the acquisition date. Net Liabilities Assumed Business Acquisitions Cost Of Acquired Entity Purchase Price The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Total Cash contributions to pension plan Interest Rate Cash Flow Hedges Oil And Gas Properties Held For Use Net Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. Impaired US Oil and Gas Properties Derivative Asset, Fair Value Derivative Liability, Fair Value The expense recorded to reduce the value of US oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. 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Additionally, for exploratory well costs that have been capitalized for periods greater than one year at the most recent balance sheet date, this block of text may be used to disclose an aging of those amounts by year, or by using a range of years, and the number of projects to which those costs relate. 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No authoritative reference available. false 42 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 83.36 83.36 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 67 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 7 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 70 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 71 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 72 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Dated Brent false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 74 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 1000 1000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 75 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 80.05 80.05 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 100 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 8 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swaps Current Year Average [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwapsCurrentYearAverageMember us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 103 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 104 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2010 Average false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 107 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 4000 4000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 108 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 82.53 82.53 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 133 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 9 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 3 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap3Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 136 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 137 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 140 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 141 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 166 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 10 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 4 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap4Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 169 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 170 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2012 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 171 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX WTI false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 173 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 5000 5000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 174 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 91.84 91.84 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 199 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 11 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 202 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 203 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 204 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX WTI false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 206 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 14500 14500 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 209 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 61.48 61.48 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 210 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 75.63 75.63 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 232 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 12 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 235 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 236 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 237 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Dated Brent false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 239 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 7000 7000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 242 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 64 64 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 243 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 73.96 73.96 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 265 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 13 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collars Current Year Average [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollarsCurrentYearAverageMember us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 268 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 269 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2010 Average false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 272 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 21500 21500 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 275 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 62.3 62.3 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 276 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 75.09 75.09 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 298 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 14 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 3 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar3Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 301 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 302 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 303 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX WTI false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 305 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 13000 13000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 308 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 80.15 80.15 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 309 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 94.63 94.63 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 331 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 15 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Three Way Collars 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_ThreeWayCollars1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 334 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 335 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 336 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX WTI false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 338 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 5000 5000 [1] false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 340 2 us-gaap_DerivativeAveragePriceRiskOptionStrikePrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 56 56 [1] false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average strike price on the group of price risk option contracts such as put options or call options. No authoritative reference available. false 341 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 76 76 [1] false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 342 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 101.46 101.46 [1] false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 364 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 16 USD true false false false Crude Oil Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_CrudeOilCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Additional Variable To Fixed Price Swap [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_AdditionalVariableToFixedPriceSwapMember us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 367 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 368 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2012 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 369 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Dated Brent false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 371 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 5000 5000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 372 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 83.09 83.09 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 397 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 17 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 400 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 401 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 402 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 404 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 40000 40000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 405 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.1 6.1 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 430 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 18 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 433 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 434 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 437 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 438 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 463 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 19 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swaps Current Year Average [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwapsCurrentYearAverageMember us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 466 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 467 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2010 Average false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 470 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 40000 40000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 471 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.1 6.1 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 496 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 20 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Variable To Fixed Price Swap 3 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_VariableToFixedPriceSwap3Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 499 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 500 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 501 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 503 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 25000 25000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 504 2 us-gaap_DerivativeSwapTypeAverageFixedPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.41 6.41 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Average fixed price related to the group of price risk swap derivatives. No authoritative reference available. false 529 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 21 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 532 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 533 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 534 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 536 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 210000 210000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 539 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 5.9 5.9 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 540 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.73 6.73 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 562 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 22 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 565 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 566 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 567 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 IFERC CIG false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 569 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 15000 15000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 572 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.25 6.25 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 573 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 8.1 8.1 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 595 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 23 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collars Current Year Average [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollarsCurrentYearAverageMember us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 598 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 599 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2010 Average false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 602 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 225000 225000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 605 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 5.93 5.93 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 606 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.82 6.82 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 628 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 24 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Two Way Collar 3 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_TwoWayCollar3Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 631 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 632 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 633 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 635 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 140000 140000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 638 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 5.95 5.95 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 639 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.82 6.82 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 661 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 25 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Three Way Collars 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_ThreeWayCollars1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 664 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 665 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 666 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 668 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 50000 50000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 670 2 us-gaap_DerivativeAveragePriceRiskOptionStrikePrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 4 4 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average strike price on the group of price risk option contracts such as put options or call options. No authoritative reference available. false 671 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 5 5 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 672 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 6.7 6.7 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 694 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 26 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Three Way Collars 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_ThreeWayCollars2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 697 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 698 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2012 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 699 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 701 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 50000 50000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 703 2 us-gaap_DerivativeAveragePriceRiskOptionStrikePrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 4.75 4.75 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average strike price on the group of price risk option contracts such as put options or call options. No authoritative reference available. false 704 2 us-gaap_DerivativeAverageFloorPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 5.5 5.5 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average floor rate on a group of price risk derivatives such as floors or collars. A payment (receipt) is triggered if the market rate falls below the floor rate on the contract. No authoritative reference available. false 705 2 us-gaap_DerivativeAverageCapPrice us-gaap true na instant No definition available. false false false false false false false false false false false false 1 false true false false 7.92 7.92 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal The average cap rate on a group of price risk derivatives such as caps or collars. A payment (receipt) is triggered if the market rate exceeds the cap rate on the contract. No authoritative reference available. false 727 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 27 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Basis Swaps 1 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_BasisSwaps1Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 730 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 731 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 3rd Qtr - 4th Qtr 2010 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 732 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 IFERC CIG false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 733 2 nbl_IndexLessDifferential nbl false na duration Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative... false false false false false false false false false false false label false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 734 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 110000 110000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 739 2 nbl_DerivativeWeightedAverageDifferential nbl false na instant Weighted average price differential related to the Index Less Differential false false false false false false false false false false false terselabel false 1 false true false false -1.49 -1.49 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Weighted average price differential related to the Index Less Differential No authoritative reference available. false 760 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 28 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Basis Swaps 2 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_BasisSwaps2Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 763 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 764 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2011 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 765 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 IFERC CIG false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 766 2 nbl_IndexLessDifferential nbl false na duration Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative... false false false false false false false false false false false label false 1 false false false false 0 0 NYMEX HH false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. false 767 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 120000 120000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. No authoritative reference available. false 772 2 nbl_DerivativeWeightedAverageDifferential nbl false na instant Weighted average price differential related to the Index Less Differential false false false false false false false false false false false terselabel false 1 false true false false -0.73 -0.73 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Weighted average price differential related to the Index Less Differential No authoritative reference available. false 793 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/derivativeinstrumentsandhedgingactivitiesdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false false 29 USD true false false false Natural Gas Commodity Contract [Member] nbl_DerivativeByRiskAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NaturalGasCommodityContractMember nbl_DerivativeByRiskAxis explicitMember false false Basis Swaps 3 [Member] us-gaap_DerivativeByNatureAxis xbrldi http://xbrl.org/2006/xbrldi nbl_BasisSwaps3Member us-gaap_DerivativeByNatureAxis explicitMember u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 796 2 us-gaap_DerivativeLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. false 797 2 nbl_DerivativeProductionPeriod nbl false na duration Contract period of time relating to a derivative instrument. false false false false false false false false false false false terselabel false 1 false false false false 0 0 2012 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Contract period of time relating to a derivative instrument. No authoritative reference available. false 798 2 us-gaap_DerivativeUnderlyingBasis us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 IFERC CIG false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:stringItemType string Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). 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No authoritative reference available. false 800 2 invest_DerivativeNonmonetaryNotionalAmount invest false na instant No definition available. false false false false false false false false false false false false 1 false true false false 40000 40000 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false 4 false false false false 0 0 false false false 5 false false false false 0 0 false false false xbrli:decimalItemType decimal Aggregate notional amount of derivative expressed in nonmonetary units. For example the number of barrels specified in a fuel oil forward purchase contract. 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Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased th ree years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. 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It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. 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No authoritative reference available. No authoritative reference available. The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. No authoritative reference available. No authoritative reference available. No authoritative reference available. Period, in months, during which the final purchase price allocation is expected to be complete. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Total amount of net periodic benefit cost for defined benefit plans for the period. 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No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Increase in US income tax expense due to repatriation of foreign earnings. No authoritative reference available. Write-off of the carrying amount of goodwill expected as a result of the divestiture of certain non-core propeties. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Fair values as of the balance sheet date of all current liabilities resulting from contracts that meet the criteria of being accounted for as interest rate derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Disclosure of the components of comprehensive income (loss). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Disclosure related to assets and liabilities, including financial instruments measured at fair value that are classified in stockholders' equity, if any, measured at fair value on a recurring basis. Includes reporting date measures by level in a fair value hierarchy in which the fair value measurements fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of foreign earnings repatriated. No authoritative reference available. No authoritative reference available. No authoritative reference available. Weighted average price differential related to the Index Less Differential No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Accumulated change, net of tax, in accumulated gains and losses from commodity derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Schedule of detailed components of other Revenues, Production Expense, Net Other Operating Expense, and Net Other Non-Operating Income and Expenses No authoritative reference available. Carrying value as of the balance sheet date of lease operating expense incurred and payable to third parties related to properties used in oil and gas production. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Schedule including disclosures of total purchase price and allocation of total purchase price by grouped by type. No authoritative reference available. Estimate for the remainder of the current year, of the pre tax reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Increase in US income tax expense due to repatriation of foreign earnings recorded in 2008. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Accumulated change, net of tax, in accumulated gains and losses from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges, remaining in accumulated other comprehensive loss until fixed-rate debt is issued. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Noncurrent investments in mutual funds. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Fair values as of the balance sheet date of all current liabilities resulting from contracts that meet the criteria of being accounted for as commodity derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. No authoritative reference available. The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling and suspended since year 2009 No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of acquisition cost of a business combination allocated to unproven oil and gas properties. No authoritative reference available. The approximate sales price expected as a result of the divestiture of certain non-core propeties. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Component of Other Non-operating (income) expense, No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Number of onshore US wells which continue to be evaluated by various means including additional seismic work, drilling additional wells and evaluating the potential of the exploration well. No authoritative reference available. Rollforward analysis of the changes in the asset retirement obligation balance. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Adjustment to earnings assuming the conversion of dilutive shares of Common Stock in a Rabbi Trust. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The expense recorded to reduce the value of US oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. No authoritative reference available. No authoritative reference available. No authoritative reference available. Liability for the charge against earnings in the period, comprised of costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. Disclosure may include company reporting unit associated with the liability charge. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. This element may be used to capture the complete disclosure pertaining to an entity's basic and diluted earnings per share. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Incremental Options and Shares of Restricted Stock Excluded from Calculation of Diluted Earnings in Loss Period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Description containing incident(s) resulting in a moratorium or suspension in business activity. May include description of new legislation or injunction enforcing the moratorium and the expense recognized for termination, exit and disposal activities. No authoritative reference available. No authoritative reference available. No authoritative reference available. Other changes to the entity's defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation as of the balance sheet date. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Net of tax effect change in accumulated gains and losses from other sources. May include foreign currency transaction and translation adjustment, defined benefit plans adjustments, and available-for-sale securities adjustment. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling and suspended since year 2007 and prior No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of net gains (losses) on interest rate cash flow hedges expected to be reclassified over the term of the hedged item to earnings from accumulated other comprehensive income. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The earliest tax year being audited in connection with the income tax examination. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Disclosure of the components of income tax provision (benefit). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Accumulated change, net of tax, in accumulated gains and losses from interest rate derivative instruments designated and qualifying as the effective portion of cash flow hedges. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used for an entity's capital costs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Refund attributable to royalties previously paid on deepwater Gulf of Mexico production of crude oil and natural gas that was produced from January 1, 2003 through September 30, 2009 No authoritative reference available. No authoritative reference available. No authoritative reference available. Carrying value as of the balance sheet date of production and ad valorem taxes incurred and payable related to properties used in oil and gas production. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The increase (decrease) in the asset retirement obligation associated with properties held for sale to be recorded upon completion of the asset sale. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Other noncurrent assets not otherwise specified in the taxonomy. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. This element may be used to capture the complete disclosure pertaining to an entity's basic and diluted earnings per share. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Schedule of detailed components of accounts receivable, net, other current assets, other noncurrent assets, accounts payable-trade, other current liabilities, and other noncurrent liabilities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination, and the acquirer therefore retains control of them; in that situation, the acquirer shall measure those liabilities at their carrying amounts immediately before the acquisition date. No authoritative reference available. Contract period of time relating to a derivative instrument. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Accounts receivable attributable to commodity sales. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Describes an entity's accounting policy for determining the fair value of its financial instruments, measured on a Nonrecurring basis. No authoritative reference available. Describes an entity's accounting policy for determining the fair value of its financial instruments, measured on a recurring basis. No authoritative reference available. No authoritative reference available. No authoritative reference available. This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including advalorem taxes and taxes assessed on oil and gas production. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The total amount of other operating expense items No authoritative reference available. No authoritative reference available. No authoritative reference available. Element represents the portion of the balance sheet assertion at fair value whether such amount is presented as a separate caption or as a parenthetical disclosure. Element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Element may be used in both the balance sheet and disclosure in the same submission. Item represents long term debt, net of unamortized discount, and excluding FPSO lease obligations, as of the balance sheet date. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Schedule of the location and amount of gains and losses reported in the statement of financial performance (or when applicable, the statement of financial position, for example, gains and losses initially recognized in other comprehensive income) on derivative instruments designated and qualifying in fair value hedges and related hedged items designated and qualifying in fair value hedges. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including production and ad valorem taxes, transportation expense and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of acquisition cost of a business combination allocated to proven oil and gas properties. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 10, 15 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28, 29, 30 true 25 1 us-gaap_EarningsPerShareBasic us-gaap true na duration No definition available. false false false false false false false false false false false true 1 true true false false 1.17 1.17 false false false 2 true true false false -0.33 -0.33 false false false 3 true true false false 2.53 2.53 false false false 4 true true false false -1.42 -1.42 false false false us-types:perShareItemType decimal The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 11, 12, 36 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9 false 27 1 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false true false false 175000000 175 false false false 2 false true false false 173000000 173 false false false 3 false true false false 175000000 175 false false false 4 false true false false 173000000 173 false false false xbrli:sharesItemType shares Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 8 false 4 26 false Millions Millions NoRounding false true XML 57 R2.xml IDEA: Consolidated Balance Sheets  2.2.0.7 false Consolidated Balance Sheets (USD $) 002000 - Statement - Consolidated Balance Sheets true false In Millions false false 1 USD false false u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 u002 Standard http://www.xbrl.org/2003/instance shares xbrli 0 u003 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 $ false 2 USD false false u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 u003 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 u002 Standard http://www.xbrl.org/2003/instance shares xbrli 0 u001 Standard http://www.xbrl.org/2003/instance pure xbrli 0 $ 4 2 us-gaap_AssetsCurrentAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 5 3 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 true true false false 1017000000 1017 false false false 2 true true false false 1014000000 1014 false false false xbrli:monetaryItemType monetary Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased th ree years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 false 6 3 us-gaap_AccountsReceivableNetCurrent us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false true false false 538000000 538 false false false 2 false true false false 465000000 465 false false false xbrli:monetaryItemType monetary Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3 -Subparagraph a(1) -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 4 -Article 5 false 7 3 us-gaap_OtherAssetsHeldForSaleCurrent us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false true false false 375000000 375 false false false 2 false true false false 0 0 false false false xbrli:monetaryItemType monetary The lower of the carrying value or fair value less cost to sell of current assets held for sale that are not elsewhere specified in the taxonomy. The carrying value of major classes of assets and liabilities of the disposal group are separately disclosed in the balance sheet in the specific concepts provided. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 34, 46 false 8 3 us-gaap_OtherAssetsCurrent us-gaap true debit instant No definition available. false false false false false false false false false false false label false 1 false true false false 257000000 257 false false false 2 false true false false 199000000 199 false false false xbrli:monetaryItemType monetary Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 8 -Article 5 false 9 3 us-gaap_AssetsCurrent us-gaap true debit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 2187000000 2187 false false false 2 false true false false 1678000000 1678 false false false xbrli:monetaryItemType monetary Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 9 -Article 5 true 10 2 us-gaap_PropertyPlantAndEquipmentNetAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 11 3 us-gaap_PropertySubjectToOrAvailableForOperatingLeaseGross us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false true false false 13381000000 13381 false false false 2 false true false false 12584000000 12584 false false false xbrli:monetaryItemType monetary The amount of lessor property subject to or available for lease, at cost adjusted for any previously recognized impairment charges, by major property class, as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(i) Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 19 -Subparagraph a false 12 3 us-gaap_PropertyPlantAndEquipmentOther us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false true false false 252000000 252 false false false 2 false true false false 240000000 240 false false false xbrli:monetaryItemType monetary This element represents capitalized assets classified as property, plant and equipment not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 false 13 3 us-gaap_PropertyPlantAndEquipmentGross us-gaap true debit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 13633000000 13633 false false false 2 false true false false 12824000000 12824 false false false xbrli:monetaryItemType monetary Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 true 14 3 us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment us-gaap true credit instant No definition available. false false false false false false false false false false true negated false 1 false true false false -4067000000 -4067 false false false 2 false true false false -3908000000 -3908 false false false xbrli:monetaryItemType monetary The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -Subparagraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 14 -Article 5 false 15 3 us-gaap_PropertyPlantAndEquipmentNet us-gaap true debit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 9566000000 9566 false false false 2 false true false false 8916000000 8916 false false false xbrli:monetaryItemType monetary Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 12 -Paragraph 5 -Subparagraph b, c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 7 true 16 2 us-gaap_Goodwill us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false true false false 757000000 757 false false false 2 false true false false 758000000 758 false false false xbrli:monetaryItemType monetary Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 43 false 17 2 us-gaap_OtherAssetsNoncurrent us-gaap true debit instant No definition available. false false false false false false false false false false false terselabel false 1 false true false false 503000000 503 false false false 2 false true false false 455000000 455 false false false xbrli:monetaryItemType monetary Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 17 -Article 5 false 18 2 us-gaap_Assets us-gaap true debit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 13013000000 13013 false false false 2 false true false false 11807000000 11807 false false false xbrli:monetaryItemType monetary Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 6 -Paragraph 25 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 true 20 2 us-gaap_LiabilitiesCurrentAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 21 3 us-gaap_AccountsPayable us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 751000000 751 false false false 2 false true false false 548000000 548 false false false xbrli:monetaryItemType monetary Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. For classified balance sheets, used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); for unclassified balance sheets, used to reflect the total liabilities (regardless of due date). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 false 22 3 us-gaap_OtherLiabilitiesCurrent us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 464000000 464 false false false 2 false true false false 442000000 442 false false false xbrli:monetaryItemType monetary Aggregate carrying amount, as of the balance sheet date, of current obligations not separately disclosed in the balance sheet due to materiality considerations. Current liabilities are expected to be paid within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 3 -Section A -Paragraph 8 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 6 -Paragraph 15 false 23 3 us-gaap_LiabilitiesCurrent us-gaap true credit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 1215000000 1215 false false false 2 false true false false 990000000 990 false false false xbrli:monetaryItemType monetary Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 21 -Article 5 true 24 2 us-gaap_LongTermDebtAndCapitalLeaseObligations us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 2584000000 2584 false false false 2 false true false false 2037000000 2037 false false false xbrli:monetaryItemType monetary Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section H false 25 2 us-gaap_DeferredTaxLiabilitiesNoncurrent us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 2162000000 2162 false false false 2 false true false false 2076000000 2076 false false false xbrli:monetaryItemType monetary Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 41, 42 false 26 2 us-gaap_OtherLiabilitiesNoncurrent us-gaap true credit instant No definition available. false false false false false false false false false false false terselabel false 1 false true false false 511000000 511 false false false 2 false true false false 547000000 547 false false false xbrli:monetaryItemType monetary Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 24 -Article 5 false 27 2 us-gaap_Liabilities us-gaap true credit instant No definition available. false false false false false false false false false false false totallabel false 1 false true false false 6472000000 6472 false false false 2 false true false false 5650000000 5650 false false false xbrli:monetaryItemType monetary Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No authoritative reference available. true 28 2 us-gaap_CommitmentsAndContingencies2009 us-gaap true na duration No definition available. false false false false false false false false false false false false 1 false false false false 0 0 &nbsp; &nbsp; false false false 2 false false false false 0 0 &nbsp; &nbsp; false false false xbrli:stringItemType string Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 25 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 17 -Article 9 false 29 2 us-gaap_StockholdersEquityAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 30 3 us-gaap_PreferredStockValue us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 0 0 false false false 2 false true false false 0 0 false false false xbrli:monetaryItemType monetary Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 false 31 3 us-gaap_CommonStockValue us-gaap true credit instant No definition available. false false false false false false false false false false false false 1 false true false false 649000000 649 false false false 2 false true false false 645000000 645 false false false xbrli:monetaryItemType monetary Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false 32 3 us-gaap_AdditionalPaidInCapital us-gaap true credit instant No definition available. false false false false false false false false false false false terselabel false 1 false true false false 2327000000 2327 false false false 2 false true false false 2260000000 2260 false false false xbrli:monetaryItemType monetary Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of APIC associated with common AND preferred stock. For APIC associated with only common stock, use the element Additional Paid In Capital, Common Stock. For APIC associated with only preferred stock, use the element Additional Paid In Capital, Preferred Stock. 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Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 24 -Article 5 true 1 Includes amounts related to our 100%-owned Ecuador integrated power project. The project includes the Amistad natural gas field, offshore Ecuador, which supplies natural gas to fuel the Machala power plant located in Machala, Ecuador. Electricity generation expense includes all operating and non-operating expenses associated with the plant, including depreciation, depletion and amortization expense (DD&amp;A) and changes in the allowance for doubtful accounts. Electricity generation expense for the first six months of 2009 includes a reduction in the allowance for doubtful accounts of $46 million received in accordance with the terms of a settlement with entities purchasing electricity in Ecuador. 2 See Note 3. Impact of Federal Deepwater Moratorium. 3 In February 2008, effective July 1, 2007, we sold our interest in Argentina. 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FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">See Note 3. Impact of Federal Deepwater Moratorium.</font></div></td></tr></table></div><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Recently Adopted Accounting Standards&#160;&#160;&#160;&#160;</font>In February 2010, the Financial Accounting Standards Board (FASB) amended its guidance on subsequent events to remove the requirement for SEC f ilers to disclose the date through which an entity has evaluated subsequent events. The guidance was effective upon issuance. We adopted this guidance effective first quarter 2010.</font></div><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The FASB also issued new guidance requiring additional disclosures about fair value measurements, adding a new requirement to disclose transfers in and out of Levels 1 and 2 measurements and gross presentation of activity within a Level 3 roll forward. The guidance also clarified existing disclosure requirements regarding the level of disaggregation of fair value measurements and disclosures regarding inputs and valuation techniques. We adopted this guidance effective first quarter 2010. Adoption had no impact on our financial position or results of operations. See Note 7. Fair Value Measurements and Disclosures.</font></div> Note 2.&#160;&#160;Basis of PresentationPresentation &#160;&#160;Our consolidated accounts include our accounts and the accounts of our wholly-owned false false false us-types:textBlockItemType textblock Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. 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No authoritative reference available. false 8 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability nbl false credit instant This element represents a certain statement of financial position liability caption which represents a deferred compensation... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false -151000000 -151 false false false 3 false true false false -168000000 -168 false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. false 9 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 11 2 nbl_ImpairedUsOilAndGasPropertiesTotalPreTaxNonCashImpairmentLoss nbl false debit duration The expense recorded to reduce the value of US oil and gas assets consisting of proved properties and unproved properties as... false false false false false false false false false false false terselabel false 1 false true false false 437000000 437 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary The expense recorded to reduce the value of US oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. No authoritative reference available. false 14 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 4 USD true false false false Net Book Value [Member] nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi nbl_NetBookValueMember nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 22 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 23 2 nbl_OilAndGasPropertiesHeldForUseNet nbl false debit instant Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. false false false false false false false false false false false terselabel false 1 false true false false 753000000 753 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. false 27 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 5 USD true false false false Fair Value [Member] nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_EstimateOfFairValueFairValueDisclosureMember nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 35 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 36 2 nbl_OilAndGasPropertiesHeldForUseNet nbl false debit instant Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. false false false false false false false false false false false terselabel false 1 false true false false 316000000 316 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. false 40 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 6 USD true false false false Quoted Prices in Active Markets ( Level 1) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel1Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 7 USD true false false false Quoted Prices in Active Markets ( Level 1) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel1Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 8 USD true false false false Quoted Prices in Active Markets ( Level 1) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel1Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 41 2 nbl_FinancialAssetsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 42 2 us-gaap_FairValueMeasuredOnRecurringBasisInvestments us-gaap true debit instant No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 103000000 103 [1] false false false 3 false true false false 108000000 108 [1] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a false 44 2 nbl_FinancialLiabilitiesAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 45 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisCommodityDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a commodity derivative... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [1] false false false 3 false true false false 0 0 [1] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 46 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisInterestRateDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a interest rate... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [1] false false false 3 false true false false 0 0 [1] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a interest rate derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 47 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability nbl false credit instant This element represents a certain statement of financial position liability caption which represents a deferred compensation... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false -151000000 -151 [1] false false false 3 false true false false -168000000 -168 [1] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. false 48 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 49 2 nbl_OilAndGasPropertiesHeldForUseNet nbl false debit instant Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. false false false false false false false false false false false terselabel false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. false 53 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 9 USD true false false false Significant Other Observable Inputs (Level 2) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel2Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 10 USD true false false false Significant Other Observable Inputs (Level 2) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel2Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 11 USD true false false false Significant Other Observable Inputs (Level 2) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel2Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 54 2 nbl_FinancialAssetsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 55 2 us-gaap_FairValueMeasuredOnRecurringBasisInvestments us-gaap true debit instant No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [2] false false false 3 false true false false 0 0 [2] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a false 57 2 nbl_FinancialLiabilitiesAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 58 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisCommodityDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a commodity derivative... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false -55000000 -55 [2] false false false 3 false true false false -145000000 -145 [2] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 59 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisInterestRateDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a interest rate... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false -94000000 -94 [2] false false false 3 false true false false 0 0 [2] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a interest rate derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 60 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability nbl false credit instant This element represents a certain statement of financial position liability caption which represents a deferred compensation... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [2] false false false 3 false true false false 0 0 [2] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. false 61 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 62 2 nbl_OilAndGasPropertiesHeldForUseNet nbl false debit instant Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. false false false false false false false false false false false terselabel false 1 false true false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. false 66 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 12 USD true false false false Significant Unobservable Inputs (Level 3) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel3Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 13 USD true false false false Significant Unobservable Inputs (Level 3) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel3Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 14 USD true false false false Significant Unobservable Inputs (Level 3) nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_FairValueInputsLevel3Member nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 67 2 nbl_FinancialAssetsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 68 2 us-gaap_FairValueMeasuredOnRecurringBasisInvestments us-gaap true debit instant No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [3] false false false 3 false true false false 0 0 [3] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. 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Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a false 70 2 nbl_FinancialLiabilitiesAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 71 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisCommodityDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a commodity derivative... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [3] false false false 3 false true false false 0 0 [3] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 72 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisInterestRateDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a interest rate... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [3] false false false 3 false true false false 0 0 [3] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a interest rate derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 73 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability nbl false credit instant This element represents a certain statement of financial position liability caption which represents a deferred compensation... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [3] false false false 3 false true false false 0 0 [3] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. false 74 2 nbl_SixMonthsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 75 2 nbl_OilAndGasPropertiesHeldForUseNet nbl false debit instant Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. false false false false false false false false false false false terselabel false 1 false true false false 316000000 316 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:monetaryItemType monetary Oil and gas assets that are held by an entity for use in the production or supply of oil and gas commodities. No authoritative reference available. false 79 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 15 USD true false false false Fair Value Inputs Adjustment [Member] nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi nbl_FairValueInputsAdjustmentMember nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 16 USD true false false false Fair Value Inputs Adjustment [Member] nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis xbrldi http://xbrl.org/2006/xbrldi nbl_FairValueInputsAdjustmentMember nbl_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 80 2 nbl_FinancialAssetsAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 81 2 us-gaap_FairValueMeasuredOnRecurringBasisInvestments us-gaap true debit instant No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [4] false false false 3 false true false false 0 0 [4] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a false 82 2 us-gaap_FairValueAssetsMeasuredOnRecurringBasisDerivativeFinancialInstrumentsAssets us-gaap true debit instant No definition available. false false false false false false false false false false false false 1 false false false false 0 0 false false false 2 false true false false -50000000 -50 [4] false false false 3 false true false false -28000000 -28 [4] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a false 83 2 nbl_FinancialLiabilitiesAbstract nbl false na duration No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 84 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisCommodityDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a commodity derivative... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 50000000 50 [4] false false false 3 false true false false 28000000 28 [4] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a commodity derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 85 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisInterestRateDerivativeFinancialInstrumentsLiabilities nbl false credit instant This element represents a certain statement of financial position liability caption which represents a interest rate... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [4] false false false 3 false true false false 0 0 [4] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a interest rate derivative liability, measured at fair value on a recurring basis. No authoritative reference available. false 86 2 nbl_FairValueLiabilitiesMeasuredOnRecurringBasisDeferredCompensationLiability nbl false credit instant This element represents a certain statement of financial position liability caption which represents a deferred compensation... false false false false false false false false false false false terselabel false 1 false false false false 0 0 false false false 2 false true false false 0 0 [4] false false false 3 false true false false 0 0 [4] false false false xbrli:monetaryItemType monetary This element represents a certain statement of financial position liability caption which represents a deferred compensation liability, measured at fair value on a recurring basis. No authoritative reference available. false 92 0 na true na na No definition available. false true false false false false false false false false false http://nobleenergyinc.com/roles/fairvaluemeasurementsdetails false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false false 17 USD true false false false Carrying Amount [Member] us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_CarryingReportedAmountFairValueDisclosureMember us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ false 18 USD true false false false Carrying Amount [Member] us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis xbrldi http://xbrl.org/2006/xbrldi us-gaap_CarryingReportedAmountFairValueDisclosureMember us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis explicitMember u000 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 $ na No definition available. No authoritative reference available. false 103 2 us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false xbrli:stringItemType string Line items represent financial concepts included in a table. 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