Noble Energy Sees 3Q Volumes at Low End of Guidance

Noble Energy Inc. forecast third-quarter sales volume at the low end of its earlier guidance as efforts to restore production after Hurricane Isaac were delayed by flooding at third-party onshore facilities and minor equipment repairs.

The oil-and-gas explorer, which said production has returned to levels seen before Isaac, had forecast sales volumes of 242,000 to 250,000 barrels of oil equivalent a day.

Noble was one of many energy companies with a presence in the Gulf of Mexico to shut in its production ahead of the storm, which struck the Gulf Coast in August.

During August, Noble Energy reported that second-quarter earnings slipped 0.7% as operating expenses increased and realized prices for crude oil fell, though volume increased.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
 
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
 
United States Houston: Application Evaluation Specialist
Expertise: Drilling Engineering|Field Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours