View more information about the North American Pipeline Map Background Information about the Niobrara-DJ Basin The Niobrara-DJ Basin is a crude oil and
Chevron
first offered to buy the remainder of Noble Midstream’s stock in early February at a valuation of $1.12 billion, months after it closed its acquisition of Noble Energy last fall for
$5 billion in the first major oil and gas acquisition since the pandemic threw the industry into turmoil.
Before that buyout, the Houston-based Noble was the second-largest energy producer in Weld County.
Noble Midstream was set up as a sister company to store and transfer oil and gas produced in Northern Colorado and the Permian Basin in Texas to a refinery in Oklahoma. It serves about 300,000 acres of oilfields in Northern Colorado, including the Greeley Crescent, Wells Ranch, Bronco and Mustang fields along the Front Range.
Chevron to acquire all of Noble Energy s midstream unit, including Weld County pipelines – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
SAN RAMON, California and HOUSTON Months after it closed a $5 billion acquisition of Weld County’s second-largest oil producer, Chevron Corp. (NYSE: CVX) has offered to buy full control of Noble Energy’s pipeline partner in the region.
In a disclosure to the U.S. Securities and Exchange Commission Friday, the California-based Chevron offered to purchase the remainder of Noble Midstream Partners LP (Nasdaq: NBLX) for $12.47 per share. That figure is higher than the $10.38 per share Chevron offered to acquire Noble last year, although that figure did not include premiums for Noble’s proven reserves.
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