Noble Energy Raises Q3 Sales Volume Guidance - Quick Facts

(RTTNews) - Noble Energy, Inc. (NBL) reported that its sales volumes for the third-quarter have been raised to range between 352 and 358 thousand barrels of oil equivalent per day (MBoe/d), representing a 3 percent uplift or 10 MBoe/d increase at the midpoint of expectations. Total company oil volumes are increased to 126 - 130 thousand barrels per day (MBbl/d), up more than 4 percent from prior expectation. Capital expenditures for the third quarter have been maintained within the original range of $625 to $725 million.

Noble Energy said the increase in third-quarter expected volumes increased full year 2017 sales volumes to range between 342 and 352 MBoe/d, proforma for asset divestments executed earlier in the year.

Fourth-quarter guidance is unchanged from prior expectations. The company reaffirmed its prior outlook of 40 percent U.S. onshore oil growth from the first quarter to the fourth quarter of 2017.