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Tag Archives: Noble energy

Noble makes bold moves in the Permian

US rig count drops to 443 this week, Texas loses 7

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Noble Energy Announces Early Start-up at Big Bend in the Deepwater Gulf of Mexico

Houston, Oct. 28, 2015 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) announced today that the Big Bend oil development in the deepwater Gulf of Mexico commenced production on October 26, 2015. The single-well field is ramping as expected and is anticipated to reach a maximum gross production rate of approximately 20 thousand barrels of oil equivalent per day (MBoe/d) ...

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Noble can take a hit and keep on thriving

Houston-based oil and gas powerhouse Noble Energy suffered a hefty loss of $109 million in the second quarter, but the hit didn’t seem to shake David Stover, the company’s chairman, president and CEO. “We have the financial strength to navigate through a volatile market and take advantage of opportunities,” Stover told FuelFix. “All oil and natural gas companies are facing ...

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Noble acquisition slashes jobs in Houston

Noble Energy Inc.’s recent acquisition of Houston-based Rosetta Resources Inc. will cost at least 70 employees their jobs, the Houston Business Journal reports. The $2.1 billion acquisition and assumption to Rosetta’s $1.8 billion worth of debt is expected to close July 20. With the closure of the acquisition, however, will come the closure of Rosetta’s downtown Houston headquarters in late ...

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Israel to let US-led consortium keep control of biggest offshore gas field

JERUSALEM – Israel plans to leave its biggest offshore natural gas project, Leviathan, in the hands of a U.S.-Israeli consortium while opening the industry up to more competition, under a proposal announced on Tuesday. Texas-based Noble Energy and Israel’s Delek Group , which own a number of recently discovered gas fields that supply factories and Israel’s electric company, will keep ...

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Emerging Israel gas deal ignites fierce debate

JERUSALEM — When natural gas was discovered a few years ago off the shores of resource-poor Israel, it was heralded as nothing short of a miracle, but an emerging deal with developers has been plagued by criticism, with opponents accusing Prime Minister Benjamin Netanyahu of caving to a monopoly. After long negotiations, a government committee has struck a deal with ...

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Noble Energy to buy Rosetta Resources for about $2 bln

Oil and natural gas producer Noble Energy Inc said it would acquire Rosetta Resources Inc for about $2 billion in stock, highlighting a consolidation being driven by a steep fall in global oil prices. The deal will give Noble entry into the Eagle Ford Shale field and the oil and gas region of Permian Basin in Texas. Rosetta shareholders will ...

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Noble Energy will increase Colorado investments

Noble Energy

GREELEY, Colo.— Noble Energy will reduce spending on its Marcellus gas drilling program in Pennsylvania and invest more in Colorado’s Weld County, which has become its headquarters for U.S. onshore operations. The company’s spending in Colorado will now represent more than 60 percent of its U.S. onshore budget. The Greeley Tribune reports that Noble Energy announced the plan on Tuesday ...

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