24 April 2024
Noble Energy joins dash out of dry gas
Publication date: 10 February 2012
Gas Strategies Group
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Noble Energy said on Thursday that it had made a loss of $visual_editor96 million in the fourth quarter of visual_editor011, compared to quarterly profits of $5visual_editor million a year earlier. A steep fourth quarter drop in US natural gas prices forced Noble to lower the value of some of its US fields, and like many US peers it is shifting investment away from dry gas production towards more valuable liquids-rich acreage.