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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 sells Marcellus Midstream to Quantum Energy
Thursday, 18 May 2017 07:45am EDT 

May 18 (Reuters) - Noble Energy Inc :Noble Energy Inc - sells Marcellus Midstream to Quantum Energy Partners for $765 million.Noble Energy Inc - limited partnership units represent a 33.5 percent ownership interest in Cone Midstream Partners LP.Noble Energy- to divest holding co which owns a 50% interest in Cone gathering & 21.7 million common & subordinated limited partnership units to portfolio company of Quantum Energy Partners.  Full Article

Noble Energy sells upstream Appalachia natural gas assets
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Noble Energy Inc :Deal for $1.225 billion.Amount includes upfront cash of $1.125 billion and an additional contingent amount of $100 million.Noble energy sells upstream appalachia natural gas assets.Noble energy - deal amount includes upfront cash of $1.125 billion and an additional contingent amount of $100 million, structured as 3 separate payments of $33.3 million.Proceeds from deal to be used to pay down essentially all of debt borrowings resulting from Clayton Williams energy deal.Signed definitive agreement to divest all of its upstream assets in northern West Virginia, Southern Pennsylvania to an undisclosed buyer.Marcellus acreage will retain its dedication to cone midstream for natural gas gathering.Noble Energy's interest in cone midstream is not included in transaction..BofA Merrill lynch acted as financial advisor to noble energy and porter & hedges served as legal counsel.  Full Article

Noble Midstream raises FY 2017 EBITDA to $146 mln-$162 mln
Monday, 1 May 2017 04:20pm EDT 

May 1 (Reuters) - Noble Midstream Partners Lp :Noble Midstream Partners Lp reports first quarter 2017 results and increases guidance.Noble Midstream Partners Lp - qtrly net income of $35 million, or $24 million attributable to partnership.Qtrly record oil and gas gathering volumes in march of 66.5 thousand barrels of oil equivalent per day.Noble Midstream Partners Lp says increased full year 2017 capital budget attributable to partnership to $185 - $205 million.Noble Midstream Partners Lp -capital budget guidance, excluding acquisitions, attributable to partnership increased to $185 - $205 million for full year 2017.Noble Midstream Partners Lp - oil and gas gathered volume averaged 63 mboe/d in q1, in line with q1 guidance..Noble Midstream Partners Lp says increased full year 2017 EBITDA to $146 million - $162 million.Noble Midstream Partners Lp - sees fy crude oil gathered 53 mbbl/d - 60 mbbl/d.Noble Midstream Partners Lp - sees fy natural gas gathered 126 - 132 mmcf/d.Noble Midstream Partners Lp - sees fy crude oil and natural gas gathered 74 - 82 mboe/d.Qtrly net income attributable to noble midstream partners lp per limited partner common units $0.77.Q1 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

Noble Energy Q1 adjusted loss per share $0.05
Monday, 1 May 2017 04:15pm EDT 

May 1 (Reuters) - Noble Energy Inc :Noble Energy announces solid first quarter 2017 results.Q1 adjusted loss per share $0.05.Noble Energy Inc qtrly earnings per share $0.08.Q1 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S.Noble Energy - quarterly sales volumes of 382 mboe/d, with U.S. onshore, Gulf of Mexico, and Israel volumes all at or exceeding top end of guidance.Noble Energy Inc - full year sales volumes trending toward upper half of original expectations, driven primarily from crude oil and ngls.Noble Energy Inc - for Q2, total sales volumes have been raised to a range of 405 - 415 mboe/d.Noble Energy Inc - Q2 total liquids volumes are expected to be up approximately 30 mbbl/d from Q1.Noble Energy Inc says west Africa liquid liftings are expected to be higher in Q2 compared to Q1.Noble Energy Inc - maintaining its original full year 2017 guidance for sales volumes, capital, and other cost metrics.Noble Energy Inc says natural gas sales in Israel are anticipated for Q2 to be lower sequentially based on seasonal power generation demand.Noble Energy Inc says for Q2, noble energy expects organic capital expenditures between $650 million and $750 million.Qtrly revenue $1,036 million versus $724 million.Q1 revenue view $955.1 million -- Thomson Reuters I/B/E/S.Noble Energy - Q1 total average realized price for United States onshore crude oil and condensate $48.88 per barrel versus $30.27 per barrel.  Full Article

Noble Energy announces final clayton williams merger consideration election results
Friday, 28 Apr 2017 04:15pm EDT 

April 28 (Reuters) - Noble Energy Inc : :Noble Energy announces final Clayton Williams merger consideration election and pro-ration results.Noble Energy - holders of about 2.0pct of outstanding Clayton Williams Energy shares of common stock, warrants elected to receive co's common stock.Noble Energy Inc says holders of approximately 86.9pct outstanding Clayton Williams Energy shares of common stock, warrants elected to receive cash.  Full Article

Noble Midstream announces additional acreage dedications in Delaware basin
Tuesday, 25 Apr 2017 07:20am EDT 

April 25 (Reuters) - Noble Energy Inc ::Noble Midstream Partners announces additional acreage dedications in the Delaware basin.Noble Midstream Partners - Noble Energy dedicated infield gas gathering on almost all of legacy 47,000 net acres in Delaware basin to Blanco River Devco.Noble Midstream Partners Lp - partnership has waived right of first refusal for natural gas processing on about 80,000 net acres in Delaware Basin.Noble Midstream Partners - partnership's Delaware basin in field gathering dedications now total about 111,000 net acres for crude oil, produced water.Noble Midstream Partners Lp - co's Delaware Basin services also include crude oil transmission, storage through 50% interest in advantage pipeline system.  Full Article

Noble Energy sets quarterly cash dividend of $0.10 per share
Monday, 24 Apr 2017 03:05pm EDT 

April 24 (Reuters) - Noble Energy Inc ::Sets quarterly cash dividend of $0.10 per share.  Full Article

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

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Noble Energy to sell 50 percent stake in Cone Gathering

Noble Energy Inc said it would sell its 50 percent stake in privately-held Cone Gathering LLC to Quantum Energy Partners for $765 million in cash, as the U.S. oil and gas producer looks to shift its focus to low-cost drilling in oil-rich basins.