At the Credit Suisse Energy Summit being held on February 4-8, 2013, Noble Energy reported that they will be rapidly expanding their Niobrara development program to complete over 500 wells per year in 2016. Noble’ net resources dramatically increased to 2.1 BBoe
Noble stated that they will be investing over $1.7 Billion or 45% of their Total Capital Program in the Niobrara/DJ basin. In 2013 Noble estimates it will drill 50% more wells (300 actual wells) than it did in 2012. Their estimated production in 2013 will increase by 25% to 96 MBoe/d.
To the North and East of the Greater Wattenberg Area, Noble has seen some dramatic results from their East Pony Field prospects. The East Pony 3 well pilot program is producing 80% oil with an Avg. 24-hour rate of 780 Boe/d per for an 30-day avg. 620 Boe/d (Avg. EUR 345 MBoe)
Noble’s 2013 plan seeks to capitalize on their current technical and operational success and continue it forward.