Noble Energy suffers second quarterly loss in row; production to increase
Noble Energy Inc. (NYSE: NBL), one of the major oil and natural gas producers in Northern Colorado, on Monday posted a second-straight quarterly loss and noted that it had decreased production in the second quarter from a record first.
The Houston-based firm, whose largest onshore drilling operations are in the Denver-Julesburg Basin, saw a net loss of $109 million, or 28 cents per share, for the period ending June 30. That’s after a profit of $192 million, or 53 cents per share, for the same period a year ago.
Revenue, for the second quarter in…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!