Houston-based Noble Energy plans to bring back by the end of July most of the oil production it had curtailed in the second quarter in response to the plunge in oil demand and oil prices, becoming the latest U.S. producer to restart production it had shut in. In an update on Q2 to the market, the company said on Thursday that it expected to bring back the majority of curtailed volumes by the end of July 2020, thanks to higher oil prices and significant improvements to operating costs. In the second quarter, Noble Energy’s curtailments averaged around 11,000 barrels of oil per day (bpd), totaling 32,000 barrels of oil equivalent per day (boe/d) on a net basis. The company’s U.S. onshore oil production capacity averaged 124,000 bpd in the second quarter, of which 113,000 bpd was sold, and 11,000 bpd curtailed, reflecting strong base and wedge performance from the […]