Noble Midstream Partners LP (NBLX) Reduces Expected 2020 Capital by $75 Million
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Noble Midstream Partners Reduces Expected 2020 Capital by $75 Million
March 13, 2020 7:39 AM EDT~35% reduction in 2020 organic capital on lower activity and sustainable capital efficiency gains
HOUSTON--(BUSINESS WIRE)-- Noble Midstream Partners LP (NASDAQ: NBLX) (Noble Midstream or the Partnership) announced that the Partnership has reduced its 2020 organic capital guidance to a range of $120 to $150 million to reflect updated producer forecasts in the DJ and Delaware basins.
With increasing capital efficiency and a 2020 organic capital program focused mainly on well connections, Noble Midstream anticipates the additional capital savings will essentially offset the cash flow loss from reduced activity.... More
