Exploration & Production | Operational Updates | Quarterly / Earnings Reports
Noble Ups DJ Basin, Marcellus Production
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Noble Energy Inc. reported fourth quarter 2012 operational update
Operations UpdateIn the DJ Basin, production averaged 86 MBoe/d for the fourth quarter, a 15 percent increase over last quarter. The horizontal program accounted for 39 MBoe/d of production, 45 percent of the total. Crude oil and other liquid sales rose to 51 thousand barrels of oil per day (MBbl/d) or 59 percent. In the quarter, 53 wells were drilled and 63 were completed — contributing to full year totals of 200 wells drilled and 193 completed. Six of the wells drilled in the quarter were extended-reach lateral wells. Average production from three initial extended-reach lateral wells is showing minimal decline and appears to be exceeding the 750 thousand Boe type curve. All 15 wells in the 40-acre spacing pilot…
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