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PS - Noble drastically improves Delaware operations and economics - February 19, 2020



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Noble Energy made notable improvements in cost structure and well productivity on its Delaware Basin acreage in 2019. Q4 well costs continued to decrease, with savings of more than $3 million per well, normalizing to 7,500-ft laterals, compared to 4Q18. During the same period, LOEs per boe saw a 31% decrease. Contributing to the falling costs was a boost in efficiencies. Q4 drilling times averaged 15 days for 8,430-ft laterals, which is more than......
 
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