Noble Energy

Noble Energy is a big driller involved in a number of resource plays–both onshore and offshore. One of their offshore operations–off the coast of Israel–has transformed Israel from energy dependent to becoming almost completely energy independent. Yesterday in the parade of quarterly earnings updates, Noble released their update for first quarter 2014. Noble is a big driller in the Marcellus Shale and their northeast program, which is what interests us, continues to perform very well for the company.

Of particular interest to MDN is a brief paragraph about Noble’s Marcellus program and the experimentation they’ve been doing–and the impressive results they’ve been getting from those experiments…
Read More “Noble Energy 1Q14: Marcellus Experiments Paying Off”

Some top leadership changes are on the way for Noble Energy–a big energy company with big operations in the Marcellus and Utica Shale region. Current Chairman and CEO Charles Davidson will retire May 1, 2015. Stepping up to the big chair will be David Stover. Stover, currently president and COO, will take on the CEO role in October of this year and (presumably) the chairmanship next May when Davidson retires.

Here’s the kumbaya press release from Noble announcing everyone loves everyone (and yes, Noble is a company we love and highly respect–we just couldn’t help poking a little fun at the announcement and its gushing tone):
Read More “Changes at the Top for Noble Energy – Chairman & CEO Retiring”

Noble Energy, one of the larger Marcellus Shale drillers (with 360,000 acres under lease) released their fourth quarter and full year 2013 results yesterday. The company reports producing 196 million cubic feet of gas per day on average, a 17% increase over 3Q13 and a big 61% increase over 4Q12. By December 31st they were producing 210 Mmcf/d. Noble is a big company with both on- and off-shore drilling operations around the world. The Marcellus continues to play in increasingly important role in their portfolio for 2014, as evidenced by the update and by comments made by Noble executives yesterday.

Below are extracts from yesterday’s Noble update and the analyst conference call with company execs. We’ve selected out portions dealing with the Marcellus so you don’t have to wade through it all…
Read More “Noble Energy: More Marcellus Drilling Ahead in 2014”

Noble Energy has drilling operations in several U.S. resource basins and indeed in other countries. One of their drilling operations is the Marcellus Shale (WV & PA), and yesterday they reported (3Q13 update) that production from the Marcellus achieved a record average rate of 168 million cubic feet per day (MMcf/d) for 3Q13, up 64% from a year ago. According to the update, Noble drilled seven new pads in the Marcellus during 3Q13.

Here’s the details as reported by Noble for their Marcellus operation:
Read More “Noble Energy 3Q13: Marcellus Production Up 64%”

Houston-based Noble Energy, one of the big drillers in the Marcellus Shale, turned a tidy profit of $1 billion in 2012 according to their year-end financial report issued yesterday. That’s double what they earned in 2011 ($453 million). They also report Marcellus Shale production was up 19% in the 4Q12 from 3Q12—to a new high of 121 million cubic feet per day (MMcfe/d). Noble has a joint venture with CONSOL Energy in the Marcellus and the JV produced 280 MMcfe/d in 2012 (see Who’s a Member of the Marcellus “1 Bcf/d” Club?).

Noble operated three drilling rigs in the Marcellus during 2012. Here’s the year-in-review update issued yesterday:

Read More “Noble Energy 2012 Wrap-Up: Marcellus Production, Profits Go Up”

Earnings reports for the third quarter continue to roll out. Yesterday, Noble Energy provided their 3Q12 update. Noble is a large company with operations in a number of countries. Here in the U.S., Noble is actively drilling in the Marcellus Shale in West Virginia. They also have a joint venture in the Marcellus in Pennsylvania. Noble reports their Marcellus production grew to 102 million cubic feet per day in the third quarter, an increase of 38% over last quarter. They also report their first two wet gas wells have started to produce natural gas liquids and are doing better than expected.

Here’s the relevant portion of the Noble announcement that focuses on the Marcellus:

Read More “Noble Energy 3Q12 Update: Marcellus Production Up 38%”

Noble Energy is a big driller with operations in many locations, including offshore. They released their second quarter results today. Even though their operations are spread around the world, the Marcellus Shale plays in increasingly important role in Noble’s drilling activities.

Noble reports drilling a Marcellus well in the second quarter with a lateral of 8,500 feet (over a mile and a half!). That well produced an initial rate of 17.9 million cubic feet of gas per day (MMcfd).

Below is the Noble press release. MDN highlights (in yellow) the portions relevant to their Marcellus operations.

Read More “Noble Energy’s 2Q12 Results – Marcellus Well Produces 17.9 MMcfd”