US independent Noble Energy plans to sharply raise its capital spending in 2017 as the company moves into a more rapid pace of development.
Noble said on Monday that it intends to spend between $2.3 billion and $2.6 billion in 2017, with about 75% of that investment directed towards onshore projects in the US.
The company expects to spend about $850 million in the Denver-Julesberg basin in Colorado and another $500 million the Delaware portion of the Permian basin in West Texas and New Mexico, for a total onshore spend of about $1.8
