Noble Energy on Thursday reported third quarter 2011 net income of $441 million, or $2.39 per share diluted, on revenues of $924 million. The Company's third quarter 2010 net income was $232 million, or $1.31 per share diluted, on revenues of $755 million.
The American energy company reported record natural gas sales in Israel of 228 MMcf/d, an increase of 28% from third quarter last year. Strong power generation demand and lower competing imports led to the significant increase in natural gas sales in Israel.
Total sales volumes amounted to 224,000 barrels oil equivalent per day (MBoe/d), up 4% from the previous quarter in 2011.
Charles D. Davidson, Noble Energy's chairman and CEO, commented: "It was an outstanding quarter as we reported record volumes from the DJ basin, along with record natural gas sales in Israel.
"The fourth quarter should also see first oil production from the Aseng project in Equatorial Guinea and the Raton South development in the Gulf of Mexico."