Noble Energy reports new discoveries in Gulf of Mexico and Eastern Mediterranean Noble Energy announced discoveries at the Dantzler exploration well in the Deepwater Gulf of Mexico and at the Tamar Southwest exploration well offshore Israel. At Dantzler, the well encountered over 120 net feet of primarily crude oil pay in two reservoirs. Discovered gross resources at Dantzler are now estimated at 55MBoe-95MBoe. The Tamar SW well encountered approximately 355 feet of net natural gas pay. The range of gross resources of the field is 640Bcf-770Bcf of natural gas. Per well productivity is anticipated to be 250Mcf of natural gas per day.
News For NBL From The Last 14 Days
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Anadarko price target raised to $120-$130 from $110-$120 at Wells Fargo Wells Fargo increased its price target on Anadarko after the company announced that it had settled the Tronox case for a lower than expected amount. The firm thinks the stock's discount to its peers EOG Resources (EOG) and Noble Energy (NBL) is unjustified. Wells keeps an Outperform rating on Anadarko.