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