Sec Form 4 Filing - MCELVANY JAMES L @ NOBLE ENERGY INC - 2005-05-27

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person MCELVANY JAMES L 2. Issuer Name and Ticker or Trading Symbol NOBLE ENERGY INC [ NBL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Retired Officer (Last) (First) (Middle) 100 GLENBOROUGH DRIVE, SUITE 100 3. Date of Earliest Transaction (MM/DD/YY) 05/27/2005 (Street) HOUSTON, TX77067 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Noble Energy, Inc., Common Stock 05/27/2005 M 2,634 A $ 24.25 27,759 D Noble Energy, Inc., Common Stock 05/27/2005 M 4,461 A $ 40.375 32,220 D Noble Energy, Inc., Common Stock 05/27/2005 M 12,540 A $ 39.875 44,760 D Noble Energy, Inc., Common Stock 05/27/2005 M 12,540 A $ 35.938 57,300 D Noble Energy, Inc., Common Stock 05/27/2005 M 15,048 A $ 20.0625 72,348 D Noble Energy, Inc., Common Stock 05/27/2005 M 14,175 A $ 20.0625 86,523 D Noble Energy, Inc., Common Stock 05/27/2005 M 14,175 A $ 30.875 100,698 D Noble Energy, Inc., Common Stock 05/27/2005 M 25,000 A $ 43.21 125,698 D Noble Energy, Inc., Common Stock 05/27/2005 M 27,000 A $ 32.54 152,698 D Noble Energy, Inc., Common Stock 05/27/2005 M 16,667 A $ 35.365 169,365 D Noble Energy, Inc., Common Stock 05/27/2005 M 2,707 A $ 44.465 172,072 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option Grant (right to buy) $ 24.25 05/27/2005 M 2,634 07/25/1996 07/25/2005 Noble Energy, Inc., Common Stock 2,634 $ 0 0 D Employee Stock Option Grant (right to buy) $ 40.375 05/27/2005 M 4,461 09/24/1997 09/24/2006 Noble Energy, Inc., Common Stock 4,461 $ 0 0 D Employee Stock Option Grant (right to buy) $ 39.875 05/27/2005 M 12,540 07/21/1998 07/20/2007 Noble Energy, Inc., Common Stock 12,540 $ 0 0 D Employee Stock Option Grant (right to buy) $ 35.938 05/27/2005 M 12,540 02/02/1999 02/01/2008 Noble Energy, Inc., Common Stock 12,540 $ 0 0 D Employee Stock Option Grant (right to buy) $ 20.0625 05/27/2005 M 15,048 02/01/2000 02/01/2009 Noble Energy, Inc., Common Stock 15,048 $ 0 0 D Employee Stock Option Grant (right to buy) $ 20.0625 05/27/2005 M 14,175 01/31/2001 01/31/2010 Noble Energy, Inc., Common Stock 14,175 $ 0 0 D Employee Stock Option Grant (right to buy) $ 30.875 05/27/2005 M 14,175 07/24/2001 07/24/2010 Noble Energy, Inc., Common Stock 14,175 $ 0 0 D Employee Stock Option Grant (right to buy) $ 43.21 05/27/2005 M 25,000 01/29/2002 01/29/2011 Noble Energy, Inc., Common Stock 25,000 $ 0 0 D Employee Stock Option Grant (right to buy) $ 32.54 05/27/2005 M 27,000 02/01/2003 02/01/2012 Noble Energy, Inc., Common Stock 27,000 $ 0 0 D Employee Stock Option Grant (right to buy) $ 35.365 05/27/2005 M 16,667 02/01/2004 02/01/2013 Noble Energy, Inc., Common Stock 16,667 $ 0 8,333 D Employee Stock Option Grant (right to buy) $ 44.465 05/27/2005 M 2,707 02/01/2005 02/01/2014 Noble Energy, Inc., Common Stock 2,707 $ 0 5,413 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MCELVANY JAMES L 100 GLENBOROUGH DRIVE, SUITE 100 HOUSTON, TX77067 Retired Officer Signatures James L. McElvany 06/01/2005 Signature of Reporting Person Date Arnold J. Johnson, POA 06/01/2005 Signature of Reporting Person Date Charles D. Davidson, POA 06/01/2005 Signature of Reporting Person Date

Explanation of Responses:

Remarks: Each amount listed in Column 5. of Table I includes 3681 restricted shares of common stock.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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