Noble Energy Inc. has reported a third quarter 2014 update on its Marcellus Shale operations.
Production volumes in the Marcellus Shale averaged a record 327 million cubic feet of natural gas equivalent per day (MMcfe/d), a 31 percent increase versus the second quarter of 2014 and 95 percent versus the same quarter of last year. Natural gas represented 87 percent of the third quarter 2014 volumes, with the remaining 13 percent primarily composed of natural gas liquids (NGLs). Gross production from the NBL/CNX Joint Venture has recently surpassed 875 MMcfe/d.
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Highlights for the quarter included: