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Noble to Run Four Rigs in 2H16; DJ Basin, Eagle Ford, Permian
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Noble Energy, Inc. announced results for the second quarter of 2016, including a reported net loss of $315 million, or $0.73 per diluted share.
Key Points: For the majority of the third quarter and the remainder of the year, the Company will be operating a total of four rigs onshore in the U.S., including two within the DJ Basin, and one in each of the Eagle Ford and the Delaware. Highlights: Achieved record quarterly sales volumes of 427 MBoe/d, an increase of 43 percent over the second quarter of 2015, or an 18 percent increase pro-forma. Also set records for quarterly volumes in the U.S. onshore assets and for a second quarter period in Israel. Reported second quarter capital expenditures of $262 million, significantly below expectations and down approximately 70 percent from the…- ✓ Full news archive — U.S., Canada & international coverage
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