Noble Energy’s 2Q16 Production in the Marcellus Goes Up 28%

Noble Energy logoNoble Energy, a driller with a significant presence in the Marcellus but with a bigger presence in other shale plays, (and operations in other countries and offshore), announced in February that of the four shale plays they operate in onshore in the U.S.–the DJ Basin, Eagle Ford, Delaware and Marcellus–in 2016 they plan to focus on the first three and scale back in the Marcellus, limiting their Marcellus activity to completing previously drilled wells (see Noble Energy Loses $2.4B in 2015; Marcellus Scale-Back in 2016). Yesterday Noble issued their second quarter 2016 update. We’ve grabbed out the Marcellus update section to share with you below. You’ll see that Marcellus production for Noble went up in 2Q16 by 28% over 2Q15–a nice surprise. You’ll also see that Noble has 79 drilled but uncompleted wells (DUCs) in the Marcellus as part of their joint venture…

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