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Operator Plans 210 Wells In 2016; Eagle Ford, Niobrara, Marcellus & GOM
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Noble Energy, Inc. has provided full 2016 annual guidance.
Capital expenditures, including capitalized interest, for 2016 are expected to total $1.5 billion, and average sales volumes for the year are projected to be approximately 390 thousand barrels of oil equivalent per day (MBoe/d).
Wells Planned The Company anticipates drilling approximately 115 wells to total depth, 80 percent of which are planned in the DJ Basin, where activity will be focused on maximizing lateral lengths and enhancing completion techniques. Remaining drilling activity is split relatively evenly between the Eagle Ford and Delaware Basin. Approximately 210 wells are anticipated to commence production in the U.S. unconventional business during the year. Capital Expenditure The Company's 2016 capital program…- ✓ Full news archive — U.S., Canada & international coverage
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