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Noble Energy posts profit on higher production from Colorado wells
February 7, 2013 / 12:36 PM / in 5 years

Noble Energy posts profit on higher production from Colorado wells

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.

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