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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Noble Energy Inc | NYSE:NBL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.62 | 0 | 01:00:00 |
From May 2019 to May 2024
By Lynn Cook
Noble Energy Inc. will pay $2.7 billion to buy Clayton Williams Energy Inc. in a deal that gives it another 120,000 acres of oil-rich property in West Texas.
The combination will create the energy industry's second-largest Southern Delaware shale acreage position in the Permian Basin. Noble is buying more than 4,200 new drilling locations with over 2 billion barrels of oil equivalent in reserves, the company said Monday.
The agreement also calls for Noble to take over a significant number of pipelines in Texas that can carry fuel from oil fields near the New Mexico border to markets where refineries and oil storage tanks are located.
Write to Lynn Cook at lynn.cook@wsj.com
(END) Dow Jones Newswires
January 16, 2017 15:40 ET (20:40 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Noble Energy Chart |
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