noble energy inc (NBL) Snapshot

Noble Energy, Inc. announced that the second appraisal well at Gunflint successfully encountered 109 feet of net pay within the primary reservoir targets. Results of drilling, wireline logs and reservoir data have confirmed an estimated gross resource range of 65 to 90 million barrels of oil equivalent in the primary structure, which was in line with Company expectations. The Mississippi Canyon 992 #1 well, located one mile west of the original discovery well, was drilled to a total depth of approximately 32,800 feet in a water depth of 6,100 feet. Commercial hydrocarbons were not encountered in the deeper exploration objective. Additional exploration potential remains in an adjacent three-way structure to the north, a candidate for future exploration following development of the confirmed resources. Once operations are completed, the well will be suspended for future use. The net cost of drilling the lower exploration zone was approximately $15 million, which will be expensed in the second quarter of 2013. Noble Energy plans to move the drilling rig to Troubadour, a low-risk amplitude prospect offsetting the Big Bend discovery, over the next several weeks. The well is expected to reach total depth late in the third quarter.

Noble Energy, Inc. Presents at 2013 Louisiana Energy Conference, Jun-19-2013 09:00 AM. Venue: Windsor Court Hotel, 300 Gravier Street, New Orleans, Louisiana, United States. Speakers: Chris Kendall, Vice President - Gulf of Mexico.

Noble Energy, Inc. announced a natural gas discovery at the Karish prospect offshore Israel. The discovery well was drilled to a total depth of 15,783 feet and encountered 184 feet of net natural gas pay in high-quality lower Miocene sands. The Karish well, located in the Alon C license approximately 20 miles northeast of the Tamar field, is in 5,700 feet of water. Discovered gross resources, combined with the de-risked resources in an adjacent fault block on the license, are estimated to range between 1.6 and 2.0 trillion cubic feet (Tcf) with a gross mean of 1.8 Tcf. The Ensco 5006 rig drilled the Karish well and will relocate to Cyprus where it is scheduled to spud an appraisal well at the Cyprus A discovery next month. Noble Energy is the operator of the Alon C license with a 47.06% interest. Co-owners are Avner Oil and Delek Drilling each with a 26.47% interest.