Noble Energy Announces Impact of Hurricane Isaac
Noble Energy, Inc. (NYSE: NBL) announced today that its production in the Gulf of Mexico has returned to pre-hurricane Isaac levels. The production impact for the quarter is estimated to be nearly 7 thousand barrels of oil equivalent per day (MBoe/d), consisting of 80 percent oil and 5 percent natural gas liquids. As a result, the Company now expects quarterly volumes to be at the low end of the previously announced third quarter guidance range of 242 to 250 MBoe/d.
Noble Energy shut in its production before the hurricane reached the central Gulf of Mexico. The Company’s efforts to restore production following the storm were delayed due to flooding at third party onshore facilities and by minor equipment repairs. The Company’s current production in the Gulf of Mexico is 27 MBoe/d.
Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Further information is available at www.nobleenergyinc.com.
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