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Noble Energy Inc (NBL.N)

NBL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Noble Energy, NEML units enter into facility agreement with arrangers
Wednesday, 1 Mar 2017 04:51pm EST 

Noble Energy Inc : On February 24, co's unit and NEML's unit entered into a facility agreement with arrangers - SEC filing . Noble Energy - facility agreement provides for a limited recourse secured term loan facility with aggregate principal borrowing amount of up to $1.0 billion .$625 million of the $1 billion term loan facility will initially be committed.  Full Article

Noble Energy sanctions Leviathan project offshore Israel
Thursday, 23 Feb 2017 06:30am EST 

Noble Energy Inc : Noble Energy sanctions Leviathan project offshore Israel . Noble Energy inc - sanctioned first phase of Leviathan natural gas project offshore Israel, with first gas targeted for end of 2019 . Estimates gross capital for phase one of Leviathan development will be $3.75 billion ($1.5 billion net to noble energy) . Co can fund phase one of Leviathan through tamar operating cash flows as well as eastern mediterranean portfolio proceeds . Company is also securing access to a financing facility for additional funding flexibility . Noble Energy and partners anticipate drilling one to two Leviathan development wells in 2017 . Completion activity for all four producer wells, including two previously drilled, is anticipated in 2018 . Expects to complete project installation and initiate commissioning in q4 of 2019, with delivery of first gas targeted for end of 2019 . Company's targeted sales volumes are 1 bcf/d gross at startup of leviathan project .Operating cash flow for first year following startup of Leviathan project is projected to be at least $650 million net.  Full Article

Noble Energy sees Q1 2017 sales volumes 370 - 380 mboe/d
Monday, 13 Feb 2017 04:35pm EST 

Noble Energy Inc : Noble Energy provides detailed 2017 outlook and guidance . Noble Energy Inc - Organic capital expenditures for 2017 are estimated to be between $2.3 and $2.6 billion . Noble Energy Inc - 2017 total company oil volumes are anticipated to be higher by approximately 9 percent, after adjusting for 2016 divestment impacts . Noble Energy Inc -Full year sales volumes are anticipated to average approximately 415 - 425 mboe/d for 2017 . Total U.S. onshore rig count is expected to average more than eight operated rigs for 2017, exiting year with nine . Noble Energy Inc - Company anticipates to drill and commence production on approximately 225 onshore wells in 2017 . Noble Energy Inc sees Q1 2017 sales volumes 370 - 380 mboe/d . Noble Energy Inc sees Q2 2017 sales volumes 395 - 415 mboe/d .Noble Energy Inc - Sees second half 2017 sales volumes 440 - 460 mboe/d.  Full Article

Noble Energy provides long-term outlook and highlights U.S. Onshore portfolio
Wednesday, 16 Nov 2016 07:00am EST 

Noble Energy Inc : Noble Energy - Oil volumes for 2016-2020 from co's U.S. Onshore assets expected to increase at CAGR of 23 percent in base plan . Noble Energy Inc - Oil volumes from co's U.S. Onshore assets expected to increase at a cagr of 29 percent during 2016-20 in upside plan . Noble Energy - About 75 percent of total company capital is allocated to DJ Basin, Delaware and Eastern Mediterranean assets over 2016-2020 . Noble Energy Inc - 2017 U.S. Onshore oil production is anticipated to be 15 percent higher than 2016 on a full year basis . Noble Energy Inc - U.S. Onshore oil production is anticipated to be 25 percent higher when comparing second half of 2017 versus same period in 2016 . Noble Energy provides long-term outlook and highlights U.S. onshore portfolio . Sees U.S. onshore production growing at a 13 to 16 percent CAGR, adjusted for divestitures during 2016-20 . Total company production is expected to reach between 540 and 625 thousand barrels of oil equivalent per day in 2020 . Seventy percent of company's 2017 preliminary upstream capital expenditures are targeted for U.S. onshore activities .Total company volumes in 2017 are expected to average between 400 and 410 MBoe/d, up from 2016.  Full Article

Cone Midstream to acquire remaining 25 pct additional interest in Anchor Systems
Wednesday, 16 Nov 2016 06:00am EST 

Cone Midstream Partners LP : Cone Midstream to acquire remaining 25% additional interest in Anchor Systems . Cone Midstream Partners LP - Transaction, which is expected to close before end of Q4, is for a total purchase consideration of $248 million . Cone Midstream Partners LP - Deal comprised of $140 million in cash and issuance of approximately 5.2 million common limited partnership units to our sponsors . Cone Midstream Partners LP- Cash portion of purchase consideration will be funded through borrowings under partnership's $250 million revolving credit facility . Cone Midstream Partners "we project acquisition of remaining 25% ownership interest in anchor systems will be immediately accretive to our unitholders" .Cone Midstream Partners LP - Interest being acquired from Cone Gathering LLC, jointly owned by units of sponsors, Consol Energy Inc, Noble Energy Inc.  Full Article

Consol Energy and Noble Energy announce agreement to separate Marcellus shale joint venture
Monday, 31 Oct 2016 06:45am EDT 

Noble Energy Inc : Consol Energy and Noble Energy announce agreement to separate Marcellus shale joint venture . Noble Energy says under agreement each party will own and operate a 100% interest in its properties and wells in two separate operating areas . Noble Energy says two cos negotiated separation of jv formed in 2011 for exploration, development, and operation of primarily Marcellus shale properties . Noble Energy says closing of exchange agreement is not subject to a financing condition and is expected to close in Q4 of 2016 . Noble Energy says in addition to acreage, production realignment between 2 cos, Noble will also remit cash payment of about $205 million to Consol Energy .Noble Energy says exchange of properties, cash result in elimination of remaining outstanding carry cost obligation due from Noble Energy to Consol Energy.  Full Article

Cone Midstream reported second quarter results and increases guidance
Thursday, 4 Aug 2016 06:45am EDT 

Cone Midstream Partners LP : Cone Midstream reports second quarter results and increases guidance . Full year distributable cash flow attributable to partnership is now expected to be in range of $82 - $92 million . Qtrly average daily throughput volumes of 857 billion BTU per day (BBTU/D) as compared to 568 BBTU/D .Full year 2016 adjusted ebitda attributable to partnership is now expected to be in range of $96 - $106 million.  Full Article

Noble Energy sees 2016 sales volumes of 415 MBoe/d
Wednesday, 3 Aug 2016 07:20am EDT 

Noble Energy Inc: Sees 2016 sales volumes 415 MBoe/d .Sees Q3 sales volumes 405-415 MBoe/d; sees Q4 sales volumes 400 - 410 MBoe/d.  Full Article

Noble energy declares qtrly dividend of 10 cents/share
Tuesday, 26 Jul 2016 12:32pm EDT 

Noble Energy Inc :Board of directors has declared a quarterly cash dividend of 10 cents per common share payable on august 22, 2016.  Full Article

Cone Midstream increases quarterly cash distribution to $0.254/unit
Friday, 22 Jul 2016 06:45am EDT 

Cone Midstream Partners LP : Cone midstream increases quarterly cash distribution . Declaration of a cash distribution of $0.254 per unit with respect to Q2 of 2016 .Distribution, which equates to an annual rate of $1.016 per unit, represents an increase of 3.7 pct over prior quarter.  Full Article

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BRIEF-Clayton Williams announces record date and meeting date for special meeting for proposed merger with Noble Energy

* Clayton williams energy, inc. Announces record date and meeting date for special meeting for proposed merger with noble energy, inc. Source text for Eikon: Further company coverage: