Noble Midstream Partners LP (NBLX) Raises Q2 Volume Guidance
Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or the “Partnership”) today increased second quarter volume guidance as a result of continued well performance from Noble Energy, Inc.’s enhanced completions above the Partnership’s expectation. Estimated oil and gas gathered volumes have been increased to range from 70 to 75 thousand barrels of oil equivalent per day (MBoe/d), a 7.5% increase from the original second quarter guidance and 15% higher than the first quarter. Daily produced water gathering and fresh water delivery estimates have also been increased for the second quarter.
| Second Quarter 2017 | |||||||||||
| Updated Guidance | Prior Guidance | ||||||||||
Gross Volumes | |||||||||||
| Oil and Gas Gathered (MBoe/d) | 70 | - | 75 | 65 | - | 70 | |||||
| Produced Water Gathered (MBw/d) | 11 | - | 13 | 10 | - | 12 | |||||
| Fresh Water Delivered (MBw/d) | 125 | - | 175 | 100 | - | 150 | |||||
“Our base gathering business continues to outperform our expectations and will set a third consecutive monthly record for oil and gas throughput in May,” stated Terry R. Gerhart, Chief Executive Officer of Noble Midstream. “The additional growth in the second quarter is added momentum ahead of the second half of 2017, when we expect meaningful contributions from our growth projects in the DJ and Delaware Basin.”
2017 MLP Investor Conference
Noble Midstream is attending the 2017 MLP Investor Conference, sponsored by the Master Limited Partnership Association, beginning today through Friday, June 2, 2017. Terry Gerhart, CEO, will present at the conference on Thursday, June 1 at 11:35 EDT. The presentation materials, along with a link to tomorrow’s webcast, are available on the ‘Investors’ page of the Partnership’s website at www.nblmidstream.com.
Create E-mail Alert Related Categories
Corporate News, GuidanceRelated Entities
Crude Oil, S1, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share