Noble Energy, Inc. (ticker: NBL) said its anticipated second quarter 2016 sales volumes will be approximately 425 thousand barrels of oil equivalent per day (MBoe/d). The 425 MBoe/d amount represents a record quarterly total for Noble Energy and is more than 3 percent beyond the midpoint of its quarterly guidance range of 405 to 415 MBoe/d.
Significant contribution to the higher volumes resulted from new wells online in the Eagle Ford, the company said in a statement. That included wells testing various lateral spacing and completion techniques. Noble said Israel gas sales volumes were higher than expected due to continued displacement of coal by natural gas in electricity generation and seasonally warmer weather than normal.
