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Noble to Boost GOM Output in Near-Term; DJ Basin, Eagle Ford Outlook

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Noble to Boost GOM Output in Near-Term; DJ Basin, Eagle Ford Outlook

At the 2015 Barclay's CEO Energy-Power Conference, Noble Energy Inc. Chairman, President & CEO David Stover talked about its imminent jump in GOM production, increased efficiencies in the DJ Basin as well as "hitting the ground running" with its newly-acquired Texas assets (via Rosetta acquisition).

Gulf of Mexico

Noble is set to ramp up production in the Gulf of Mexico in the near-term as the company's GOM Rio Grande project its on schedule for a 4Q15 startup. This will add 20 MBOE/d net to production (~80% oil).

Noble's Big Bend and Dantzler projects are also set to be brought online by year-end 2015.

Stover noted that the majority of 2016 activities in the Gulf of Mexico will be focused on the Gunflint project startup and appraisal activities.

Strong DJ Basin Infrastructure

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