Capital Markets | Capital Expenditure | Capital Expenditure - 2017
Noble Midstream IDs 2017 Budget; Expects ~25% Increase in Volumes YOY
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Noble Midstream Partners announced its 2017 capital budget and provided 2017 guidance and a long-term outlook.
2017 Guidance Highlights include: Capital budget of $270 - $300 million, or $155 - $ 175 million attributable to the Partnership Oil and Gas gathering volumes of 72 - 80 thousand barrels of oil equivalent per day (MBoe/d) - a 16% to 29% increase over 2016. Produced Water gathering volumes of 17 - 24 thousand barrels of water per day (MBw/d) Fresh Water delivery volumes of 90 - 160 MBw/d Net Income of $134 - $145 million 2017 Capital BudgetExcluding acquisition capital, Noble Midstream’s 2017 capital budget is $270 - $300 million, or $155 - $175 million attributable to the Partnership, primarily on growth projects in the DJ Basin and the Delaware Basin.
Delaware BasinBl…
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