Noble Energy posts profit on higher production from Colorado wells

Thu Feb 7, 2013 7:33am EST

Feb 7 (Reuters) - Noble Energy Inc reported a quarterly profit as production shot up, mainly in the liquids-rich Denver-Julesburg Basin in Colorado.

The Houston-based oil and gas company reported a profit of $251 million, or $1.39 per share, in the fourth quarter, compared with a loss of $296 million, or $1.67 per share, a year earlier.

Revenue rose 30 percent to $1.2 billion.