Houston-based Noble Energy Inc. (NYSE: NBL) said Aug. 3 its Denver-Julesburg Basin horizontal wells were “extremely strong,” during the second quarter.
So strong that the production from the upstream company’s horizontal wells offset a decline in the older, vertical wells it also operates in the basin, said Gary Willingham, Noble’s executive vice president of operations, on the company’s second-quarter earnings conference call.
Noble Energy said it had a net loss of $1.5 billion, or $3.20…
Houston Biz Journal
Noble Energy reports quarterly loss, updates operations