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Noble's FY 2018 Volumes to be Hit by Deferred Completions; Budget Increased to $3.0B
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Noble Energy reported its Q2 2018 results.
Expects Lower Volumes Due to Deferred Completions; Budget UppedFull year 2018 sales volumes are estimated to be towards the lower end of the Company's full year range, 350 to 360 MBoe/d.
This is resulting from deferred completion activity in the Delaware and Eagle Ford declines.The Company's full year capital expectation has been revised to be approximately $3 billion (up +7% from $2.8 billion originally planned).
This reflects increased onshore facility spend from the first half of 2018 and inflation in the U.S. onshore as a result of the higher commodity price environment. DJ Basin - Enhanced Proppant Concentration Ups IPsCombined Wells Ranch and East Pony volumes were higher by more than 15% as compared to the same quarter last year. In…
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