Noble Energy has forged a deal to sell "higher-cost mid-continent and Illinois-basin" properties for about $550 million, according to this article. The company also expects a yearly production increase of 10% during the next five years. The output growth would result in 350,000 barrels of oil equivalent per day in 2015, the company said. Noble is also considering options to reschedule drilling once the Gulf of Mexico drilling moratorium is lifted.

Full Story:

Related Summaries