Thursday, January 30, 2025

Director Julie Murphy Begins Her Era as Colorado’s Top Oil Regulator

Julie Murphy was welcomed by her fellow colleagues as the COGCC held its March 19, 2018 hearing, and during a lively public comment session, voices both for and against oil and gas development were inked into the record The Colorado Oil and Gas Conservation Commission started the day with a brief roll call and welcomed a new honcho, Director Julie

Egypt Buys $14 Billion of NatGas from Noble Energy, Delek

Noble Energy, Inc. (ticker: NBL) has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract quantities of 1.15 trillion cubic feet of natural gas. The natural gas is

Unique Restructuring in the Gulf: Noble Energy and Fieldwood Energy Announce $710 Million Deepwater Gulf Deal

Fieldwood announces prepackaged Chapter 11 with restructure plan that depends on acquiring Noble’s GOM assets; expects to emerge in 60 days Noble Energy, Inc. (ticker: NBL) said it has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC for a total value of $710 million. As Noble announced the deal, Fieldwood simultaneously announced that it filed a prepackaged Chapter 11 bankruptcy

Marcellus Midstream Moves: CNX Resources Buys Noble’s 50% Interest in CONE Gathering for $305 Million in Cash

CNX Resources Corporation (ticker: CNX) has agreed to purchase Noble Energy, Inc.’s (ticker: NBL) 50% membership interest in CONE Gathering LLC for $305 million in cash. The agreement between Noble Energy and CNX also settles any and all claims between the two parties. In association with this transaction, Noble Energy has terminated its prior agreement to divest its entire Marcellus

Noble Energy Reports Q1 Net Income of $36 Million, Sales Volumes of 382 MBOEPD

Noble Energy, Inc. (ticker: NBL) reported Q1 2017 results today, including net income attributable to Noble Energy of $36 million, or $0.08 per diluted share for the quarter. Adjusted EBITDAX(1) was $600 million.  Total organic capital expenditures for the quarter were $616 million, well within the company’s guidance range. Delivered quarterly sales volumes of 382 MBoe/d, with U.S. onshore, Gulf of Mexico, and Israel volumes all at or exceeding the top end of guidance.

Noble Energy Captures 171,000 Permian Acres and 10 MBOEPD Production as Clayton Williams Deal Closes

Noble becomes 2nd largest Southern Delaware acreage holder Noble Energy, Inc. (ticker: NBL) has completed its acquisition of Clayton Williams Energy as of market close on April 24, 2017.  In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC. 71,000 ‘highly contiguous’ acres in the Southern Delaware The acquired assets include 71,000 highly contiguous net

Noble Energy Announces 63% Year-over-Year Increase in Capital Budget

Noble Energy announces $2.3-$2.6 billion budget with a focus on liquids in the DJ, Delaware and Eagle Ford Houston-based Noble Energy (ticker: NBL) announced the company’s capital guidance for the year, stating that the company plans to increase its spending by $950 million (63%) from its 2016 capital budget. The company said it will spend between $2.3 and $2.6 billion

Noble Energy Jumps to Second-Largest Southern Delaware Player with $3.2 Billion Acquisition

Noble Energy purchases Clayton Williams Energy for $3.2 billion, inclusive of debt; NBL’s new full company production for 2020 is expected to reach 600 MBOEPD assuming $50 oil Noble Energy (ticker: NBL) announced Monday that the company has purchased Clayton Williams Energy (ticker: CWEI) in a cash and stock deal valued at $2.7 billion, plus the assumption of approximately $500

Offshore

Noble Energy and Delek Sign 15-Year Natural Gas Contract Worth $10 Billion

The Leviathan field partners agreed to supply up to 45 Bcm of natural gas to Jordan Houston-based Noble Energy (ticker: NE) announced last week that it has reached an agreement with the National Electric Power Company of Jordan (NEPCO) to supply natural gas from the Leviathan field. Leviathan is Israel’s largest gas field. The field is being jointly developed by

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream Partners receives more than anticipated for IPO Noble Energy (ticker: NBL) announced a public offering for its MLP subsidiary Noble Midstream Partners (ticker: NBLX) last week with the hope of garnering an offer price between $19.00 and $21.00 roughly 10 months after the company postponed an IPO of the same assets. Today, Noble announced that it received $22.50

Noble Energy Looks to IPO Midstream Assets for a Second Time

Noble hopes to raise around $270 million with midstream MLP IPO Ten months after postponing the IPO of its wholly owned subsidiary Noble Midstream Partners, Noble Energy (ticker: NBL) announced that plans for a public offering are back on the front burner. The Houston-based company said that it plans to offer 12.5 million common units with the option for an

Eagle Ford Pushes Up Noble Energy 2Q Sales Volumes to Record

Noble Energy, Inc. (ticker: NBL) said its anticipated second quarter 2016 sales volumes will be approximately 425 thousand barrels of oil equivalent per day (MBoe/d).  The 425 MBoe/d amount represents a record quarterly total for Noble Energy and is more than 3 percent beyond the midpoint of its quarterly guidance range of 405 to 415 MBoe/d. Significant contribution to the higher volumes