Noble Energy, headquartered in Houston, has confirmed that construction progress on its Keota LNG facility in Colorado is proceeding as planned.
According to Noble’s third-quarter report, the start-up of the LNG facility, situated in rural northern Weld County, is expected in the first quarter of 2015.
The LNG facility is designed with the capacity to produce up to 100,000 gallons of LNG daily. Noble Energy intends to utilize the facility’s production to power the company’s rigs and heavy equipment employed in its DJ Basin operations.
In addition to the update on the LNG facility, Noble reported a significant increase in net income, which more than doubled to $419 million in the third quarter compared to $205 million in the corresponding period of 2013.
Furthermore, total sales volumes for the quarter reached a record average of 302 thousand barrels of oil equivalent per day, representing a three percent increase compared to the third quarter of 2013.
