Noble cuts 2016 budget in half to $1.5 billion

Noble Energy Inc., Houston, is beginning 2016 with a capital program of $1.5 billion, about 50% lower compared with that of 2015 pro-forma for the Rosetta Resources Inc. merger.

This investment level is expected to deliver 2016 annual sales volumes of 390,000 boe/d, consistent with the full-year 2015 pro-forma amount. The 2016 program remains flexible to changes in the commodity price environment.

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