April 2018, Vol.245, No.4

Company News

Noble Midstream Partners

Noble Midstream Partners said it has set a 2018 capital budget of up to $535 million with a focus on growth projects in the DJ and Delaware basins. The partnership expects to spend about 45% of gross capital this year on infrastructure for Noble Energy’s activity in the Delaware Basin, bringing its total gathering capacity there to 90,000 bpd for oil, 150 MMcf/d for gas and 240,000 bpd for produced water. About 29% of its gross capital budget is expected to be allocated to DJ Basin, where the partnership’s Black Diamond Gathering joint venture with Greenfield Midstream will add well connections, looping infrastructure and expansion of the Milton terminal to 300,000 bpd.

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