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Delaware, DJ Basin E&P Ups Capex 63% for 2017; $2.3-2.6 Billion
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Noble Energy reported its guidance for 2017.
Key Points: Organic capital expenditures for 2017 are estimated to be between $2.3 and $2.6 billion (up +63% from ~$1.5 billion spent in 2016). Approximately 75 percent of the total capital program is allocated to U.S. onshore development, primarily focused on liquids-rich opportunities in the DJ Basin, Delaware Basin, and Eagle Ford. Rig Activity:Noble Energy's total U.S. onshore rig count is expected to average more than eight operated rigs for 2017, exiting the year with nine.
Niobrara: A third operated rig for the DJ Basin has been accelerated and is now planned to be added in the second quarter of 2017. Delaware Basin: 3-6 rigs running (Following closing of the Clayton Williams Energy acquisition, Noble Energy anticipates adding a…- ✓ Full news archive — U.S., Canada & international coverage
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