Houston-based Noble Energy said that the construction on its Keota LNG facility in Colorado remains on schedule.
The start-up of the LNG facility located in rural northern Weld County is anticipated in the first quarter of 2015, Noble said in its third quarter report.
The LNG facility will have the capacity to produce up to 100,000 gallons of LNG per day. Noble Energy plans to utilize production from the facility to fuel the company’s rigs and other heavy equipment used in its DJ Basin operations.
Noble also said that its net income more than doubled to $419 million in the third quarter, compared with $205 million in the same quarter of 2013.
Total sales volumes for the quarter averaged a record 302 thousand barrels of oil equivalent per day. This represents an increase of three percent compared to the third quarter of 2013.
LNG World News Staff, October 28, 2014; Image: Noble