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Noble Touts +115% Jump in Delaware Basin Output YOY; Halts Eagle Ford Completions
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Noble Energy reported its Q3 2018 results.
Delaware Basin - Production Jumps +115% YOY / Row DevelopmentSales volumes from the Company's Delaware Basin assets totaled 58 MBoe/d, representing an increase of +115% YOY.
During the quarter, the Company brought 20 wells online. The majority of the wells were in the Wolfcamp A, which produced on average an IP-30 rate of 1,270 Boe/d, or 154 Boe/d per 1,000 lateral feet.
The Company transitioned to row development, focusing near-term drilling activity primarily on the Wolfcamp A and Third Bone Spring zones near existing central gathering facilities.
Eagle Ford - Output Down -14% as Completions HaltSales volumes from the Eagle Ford totaled 65 MBoe/d for the third quarter, down 14% YOY, as the Company commenced production on only nine wells…
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