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Chevron closes acquisition of Noble Energy pipelines – BizWest


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. ....

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