Noble

Lower costs in the Denver-Julesburg Basin and a larger than expected inventory of uncompleted wells in the Marcellus Shale at the end of the first quarter have Noble Energy Inc. shifting more capital back to Colorado and increasing its full-year guidance slightly.

Texas-based Noble Energy Inc. plans to cut more than 200 jobs across the country and shift oversight of U.S. operations from Houston to Denver in order to more closely align management with the company’s core assets in the Denver-Julesburg (DJ) Basin.

Executives with the worldwide offshore driller Noble Corp. plc said they began to see warning signs for the industry in the fourth quarter and believe the environment for drilling contracts will remain tough for the foreseeable future — at least until oil prices stabilize.

Noble Energy Inc. is buying into 17 leases owned by BP Exploration & Production Inc. in the promising Atwater Valley (AV) region of the deepwater Gulf of Mexico (GOM), an area that drew some big spenders in the March federal lease sale.

The U.S. Department of Interior’s Bureau of Land Management (BLM) on Tuesday signed off on Noble Energy Inc.’s plan to drill oil wells on extensive leases it holds in northeast Nevada in Tabor Flats.

Consol Energy Inc. and Noble Energy Inc. plan to form a master limited partnership (MLP) with midstream gathering assets that serve growing production from the companies’ 50/50 joint venture in the Marcellus Shale, they said Thursday.

Noble Energy Inc.’s first quarter production from the Marcellus Shale set a company record as Noble continued to drill longer lateral wells.

The U.S. Department of Interior's Bureau of Land Management (BLM) is seeking public comments through April 23 on Noble Energy’s plans to drill a number of new oil wells as part of the extensive oil/gas leases it holds in northeast Nevada. BLM's work is part of what it designates as the Mary's River Oil/Gas Exploration Project environmental assessment (EA).

Among still-emerging plays on the U.S. shale horizon, California's Monterey Shale and an under-explored northeast corner of Nevada received a shout out at the BakerHostetler Shale Symposium on Monday in Houston.