Noble Energy to cut 2015 capex by 40%

account@seekingalpha.com
יום ה 19/02/2015 15:28
 

Noble Energy to cut 2015 capex by 40% • 8:26 AM
Carl Surran, SA News Editor
Noble Energy (NYSE:NBL) plans a 40% reduction in capital spending for 2015 to $2.9B, in the latest example of an energy company that has slashed its spending plans in the wake of sharply lower oil prices.
At the same time, NBL forecasts total 2015 sales volumes of 295K-315K boe, representing 5% growth at the midpoint of the range, after adjusting for assets divested in 2014.
The capital program comprises 60% toward core U.S. onshore assets, 35% for global offshore development activities and 5% for global offshore exploration.

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Noble Energy Provides 2015 Guidance

Noble Energy Provides 2015 Guidance