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Noble Latest to Join Niobrara Monobore Trend; Touts New Permian IPs
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Noble Energy, Inc. announced results for the first quarter of 2016.
Key Points: Noble reported an adjusted net loss of $228 million Total Company volumes for the first quarter of 2016 increased to 416 thousand barrels of oil equivalent per day (MBoe/d), up 31 percent from the first quarter of 2015 - A portion of the increase in total Company volumes for the first quarter of 2016 over 2015 was a result of the merger with Rosetta Resources Inc. Quarterly capital expenditures totaled $374 million, below the low end of guidance. Full-year 2016 capital expected to be less than the original $1.5 billion estimate. DJ Basin - Drilled 24 wells at an average lateral length of over 7,300 feet. Approximately 60 percent of wells spud were extended-reach lateral wells. The Company continues to…- ✓ Full news archive — U.S., Canada & international coverage
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