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News Article | May 8, 2017
Site: www.ogj.com

Noble Energy Inc., Houston, has agreed to sell all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for $1.225 billion.


News Article | May 18, 2017
Site: globenewswire.com

HOUSTON, May 18, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) today announced that it has signed a definitive agreement to divest the holding company which owns a 50 percent interest in CONE Gathering, LLC (“CONE Gathering”) and 21.7 million common and subordinated limited partnership units to a portfolio company of Quantum Energy Partners (“Quantum”) for total cash consideration of $765 million. The limited partnership units represent a 33.5 percent ownership interest in CONE Midstream Partners LP (NYSE:CNNX) (“CONE Midstream”). CONE Gathering owns the general partner of CONE Midstream.  David L. Stover, Noble Energy’s Chairman, President and CEO, commented “CNNX has performed exceptionally well since its IPO in late 2014, exceeding forecasts despite a challenging macro-economic backdrop. Including this transaction, Noble Energy will realize more than $1 billion in total value from our Marcellus midstream business, which represents approximately three times our net invested capital. Going forward, our midstream efforts are focused on Noble Midstream Partners, supporting our DJ Basin and Delaware Basin growth areas.” Dheeraj Verma, President of Quantum Energy Partners, said “Quantum is excited to once again work with Noble Energy on a substantial acquisition. This transaction follows the recently announced sale of Noble Energy’s upstream Appalachia assets to a separate portfolio company of Quantum.  We have a strong track record of sponsoring and growing both upstream and midstream companies across the Appalachian Basin and we look forward to partnering with CONSOL Energy Inc. in continuing the success of CONE Midstream.” Noble Energy’s cumulative 2017 divestiture proceeds total approximately $2 billion, with the amount primarily representing an exit of the Company’s Appalachia upstream and midstream businesses. Proceeds announced year-to-date are being utilized to cover the cash costs associated with the Clayton Williams Energy acquisition, to further strengthen the balance sheet through debt reduction, and to provide additional financial capacity and flexibility to support the Company’s U.S. onshore oil development. Closing of the transaction is anticipated in the third quarter this year, subject to customary closing conditions and adjustments. BofA Merrill Lynch acted as the sole financial advisor to Noble Energy on the CONE Midstream transaction and Vinson & Elkins LLP served as legal counsel. Noble Energy (NYSE:NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit http://www.nblenergy.com. Forward Looking Statements This news release contains certain “forward-looking statements” within the meaning of federal securities law.  Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, and similar expressions may be used to identify forward-looking statements.  Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events.  They may include estimates of oil and natural gas reserves, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations.  No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.  Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected.  These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation, third-party litigation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s business that are discussed in its most recent annual report on Form 10-K and in other reports on file with the Securities and Exchange Commission. These reports are also available from Noble Energy’s offices or website, http://www.nblenergy.com.  Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.  Noble Energy does not assume any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.


Houston private equity firm Quantum Energy Partners has agreed to acquire a holding company that owns 50% of CONE Gathering LLC and 21.7 million common and subordinated limited partnership units from Noble Energy Inc., Houston, for $765 million.


News Article | May 15, 2017
Site: globenewswire.com

Houston, May 15, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company’s Chairman, President & CEO, will present at the UBS Global Oil and Gas Conference on Wednesday, May 24, 2017 at 8:05 a.m. Central Time. The presentation will be webcast live on the ‘Investors’ page of the Company’s website, www.nblenergy.com. Presentation materials and a replay of the event will also be available at the same web location. Noble Energy (NYSE: NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents.  Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit www.nblenergy.com


News Article | May 18, 2017
Site: globenewswire.com

HOUSTON, May 18, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) today announced that it has signed a definitive agreement to divest the holding company which owns a 50 percent interest in CONE Gathering, LLC (“CONE Gathering”) and 21.7 million common and subordinated limited partnership units to a portfolio company of Quantum Energy Partners (“Quantum”) for total cash consideration of $765 million. The limited partnership units represent a 33.5 percent ownership interest in CONE Midstream Partners LP (NYSE:CNNX) (“CONE Midstream”). CONE Gathering owns the general partner of CONE Midstream.  David L. Stover, Noble Energy’s Chairman, President and CEO, commented “CNNX has performed exceptionally well since its IPO in late 2014, exceeding forecasts despite a challenging macro-economic backdrop. Including this transaction, Noble Energy will realize more than $1 billion in total value from our Marcellus midstream business, which represents approximately three times our net invested capital. Going forward, our midstream efforts are focused on Noble Midstream Partners, supporting our DJ Basin and Delaware Basin growth areas.” Dheeraj Verma, President of Quantum Energy Partners, said “Quantum is excited to once again work with Noble Energy on a substantial acquisition. This transaction follows the recently announced sale of Noble Energy’s upstream Appalachia assets to a separate portfolio company of Quantum.  We have a strong track record of sponsoring and growing both upstream and midstream companies across the Appalachian Basin and we look forward to partnering with CONSOL Energy Inc. in continuing the success of CONE Midstream.” Noble Energy’s cumulative 2017 divestiture proceeds total approximately $2 billion, with the amount primarily representing an exit of the Company’s Appalachia upstream and midstream businesses. Proceeds announced year-to-date are being utilized to cover the cash costs associated with the Clayton Williams Energy acquisition, to further strengthen the balance sheet through debt reduction, and to provide additional financial capacity and flexibility to support the Company’s U.S. onshore oil development. Closing of the transaction is anticipated in the third quarter this year, subject to customary closing conditions and adjustments. BofA Merrill Lynch acted as the sole financial advisor to Noble Energy on the CONE Midstream transaction and Vinson & Elkins LLP served as legal counsel. Noble Energy (NYSE:NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit http://www.nblenergy.com. Forward Looking Statements This news release contains certain “forward-looking statements” within the meaning of federal securities law.  Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, and similar expressions may be used to identify forward-looking statements.  Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events.  They may include estimates of oil and natural gas reserves, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations.  No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.  Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected.  These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation, third-party litigation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s business that are discussed in its most recent annual report on Form 10-K and in other reports on file with the Securities and Exchange Commission. These reports are also available from Noble Energy’s offices or website, http://www.nblenergy.com.  Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.  Noble Energy does not assume any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.


News Article | May 18, 2017
Site: globenewswire.com

HOUSTON, May 18, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) today announced that it has signed a definitive agreement to divest the holding company which owns a 50 percent interest in CONE Gathering, LLC (“CONE Gathering”) and 21.7 million common and subordinated limited partnership units to a portfolio company of Quantum Energy Partners (“Quantum”) for total cash consideration of $765 million. The limited partnership units represent a 33.5 percent ownership interest in CONE Midstream Partners LP (NYSE:CNNX) (“CONE Midstream”). CONE Gathering owns the general partner of CONE Midstream.  David L. Stover, Noble Energy’s Chairman, President and CEO, commented “CNNX has performed exceptionally well since its IPO in late 2014, exceeding forecasts despite a challenging macro-economic backdrop. Including this transaction, Noble Energy will realize more than $1 billion in total value from our Marcellus midstream business, which represents approximately three times our net invested capital. Going forward, our midstream efforts are focused on Noble Midstream Partners, supporting our DJ Basin and Delaware Basin growth areas.” Dheeraj Verma, President of Quantum Energy Partners, said “Quantum is excited to once again work with Noble Energy on a substantial acquisition. This transaction follows the recently announced sale of Noble Energy’s upstream Appalachia assets to a separate portfolio company of Quantum.  We have a strong track record of sponsoring and growing both upstream and midstream companies across the Appalachian Basin and we look forward to partnering with CONSOL Energy Inc. in continuing the success of CONE Midstream.” Noble Energy’s cumulative 2017 divestiture proceeds total approximately $2 billion, with the amount primarily representing an exit of the Company’s Appalachia upstream and midstream businesses. Proceeds announced year-to-date are being utilized to cover the cash costs associated with the Clayton Williams Energy acquisition, to further strengthen the balance sheet through debt reduction, and to provide additional financial capacity and flexibility to support the Company’s U.S. onshore oil development. Closing of the transaction is anticipated in the third quarter this year, subject to customary closing conditions and adjustments. BofA Merrill Lynch acted as the sole financial advisor to Noble Energy on the CONE Midstream transaction and Vinson & Elkins LLP served as legal counsel. Noble Energy (NYSE:NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit http://www.nblenergy.com. Forward Looking Statements This news release contains certain “forward-looking statements” within the meaning of federal securities law.  Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, and similar expressions may be used to identify forward-looking statements.  Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events.  They may include estimates of oil and natural gas reserves, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations.  No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.  Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected.  These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation, third-party litigation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s business that are discussed in its most recent annual report on Form 10-K and in other reports on file with the Securities and Exchange Commission. These reports are also available from Noble Energy’s offices or website, http://www.nblenergy.com.  Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.  Noble Energy does not assume any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.


News Article | May 18, 2017
Site: globenewswire.com

HOUSTON, May 18, 2017 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) today announced that it has signed a definitive agreement to divest the holding company which owns a 50 percent interest in CONE Gathering, LLC (“CONE Gathering”) and 21.7 million common and subordinated limited partnership units to a portfolio company of Quantum Energy Partners (“Quantum”) for total cash consideration of $765 million. The limited partnership units represent a 33.5 percent ownership interest in CONE Midstream Partners LP (NYSE:CNNX) (“CONE Midstream”). CONE Gathering owns the general partner of CONE Midstream.  David L. Stover, Noble Energy’s Chairman, President and CEO, commented “CNNX has performed exceptionally well since its IPO in late 2014, exceeding forecasts despite a challenging macro-economic backdrop. Including this transaction, Noble Energy will realize more than $1 billion in total value from our Marcellus midstream business, which represents approximately three times our net invested capital. Going forward, our midstream efforts are focused on Noble Midstream Partners, supporting our DJ Basin and Delaware Basin growth areas.” Dheeraj Verma, President of Quantum Energy Partners, said “Quantum is excited to once again work with Noble Energy on a substantial acquisition. This transaction follows the recently announced sale of Noble Energy’s upstream Appalachia assets to a separate portfolio company of Quantum.  We have a strong track record of sponsoring and growing both upstream and midstream companies across the Appalachian Basin and we look forward to partnering with CONSOL Energy Inc. in continuing the success of CONE Midstream.” Noble Energy’s cumulative 2017 divestiture proceeds total approximately $2 billion, with the amount primarily representing an exit of the Company’s Appalachia upstream and midstream businesses. Proceeds announced year-to-date are being utilized to cover the cash costs associated with the Clayton Williams Energy acquisition, to further strengthen the balance sheet through debt reduction, and to provide additional financial capacity and flexibility to support the Company’s U.S. onshore oil development. Closing of the transaction is anticipated in the third quarter this year, subject to customary closing conditions and adjustments. BofA Merrill Lynch acted as the sole financial advisor to Noble Energy on the CONE Midstream transaction and Vinson & Elkins LLP served as legal counsel. Noble Energy (NYSE:NBL) is an independent oil and natural gas exploration and production company with a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning three continents. Founded more than 80 years ago, the company is committed to safely and responsibly delivering our purpose: Energizing the World, Bettering People’s Lives®. For more information, visit http://www.nblenergy.com. Forward Looking Statements This news release contains certain “forward-looking statements” within the meaning of federal securities law.  Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, and similar expressions may be used to identify forward-looking statements.  Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events.  They may include estimates of oil and natural gas reserves, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations.  No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.  Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected.  These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation, third-party litigation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s business that are discussed in its most recent annual report on Form 10-K and in other reports on file with the Securities and Exchange Commission. These reports are also available from Noble Energy’s offices or website, http://www.nblenergy.com.  Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.  Noble Energy does not assume any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.


As much of the oil industry battles with lower for longer oil prices, the digital oilfield is finally coming of age as early pioneers of digital technology push the boundaries of production efficiency With an estimated global value of $31 billion, the digital oilfield is the hotbed of innovation in oil & gas as the industry aims to optimize decision-making, eliminate downtime and achieve production excellence. Upstream Intelligence has organized a meeting of the both O&G and tech leaders to drive the industry forward and maximize production efficiency at the Data Driven Production Conference 2017 (June 6-7, Houston). Over 250 attendees are confirmed to attend, including operator delegations from Hess, Noble Energy, Pioneer, BP, BHP, Statoil, ConocoPhillips, Anadarko, XTO, ExxonMobil, Marathon Oil, Occidental, Chevron, Apache, Shell, Encana and many more. Tech heavyweights and digital innovators including Dell EMC, Schlumberger, GE, Siemens, Microsoft, Wood Group, Halliburton, eLynx Technologies, Hitachi, IoTium, WellAware, 3-Gig, Redhat and MAPR will be delivering case studies on how to achieve operational excellence from data. Join 250+ top-tier business leaders over two days to dive into the commercial challenges and huge opportunities arising as data-driven production goes mainstream. To secure your place at the #1 meeting point for oil & gas digital oilfield professionals, visit; http://www.upstreamintel.com/data/


Grant
Agency: GTR | Branch: NERC | Program: | Phase: Research Grant | Award Amount: 100.15K | Year: 2011

Coccolithophores are single-celled, marine algae (phytoplankton), which produce elaborate calcite scales (coccoliths) that form a protective covering around their delicate cell walls. They are an important part of the modern marine ecosystem, but also have a long fossil record (nannofossils) stretching back 225 million years (Triassic). Both living and fossil coccolithophores provide valuable information about ocean environments and changing climate. The fossils also provide a simple and quick means of age-dating the rocks in which they are found. For these reasons, coccolithophores are of interest to a very wide range of scientists, including marine biologists, palaeoceanographers and geologists (stratigraphers). The effective use of coccolithophores is dependent upon the availability of up to date and reliable information concerning their classification (taxonomy - which species is which, and why?), their ecology (which species live where, when and why?) and their geological history (which species lived when and where?). However, this information is frequently difficult to find because it is dispersed throughout specialist publications. In order to widen access to this crucial information, we have started work on a web resource called Nannotax (www.nannotax.org) that we hope will become the online reference source for anyone needing to obtain basic to specialist information on coccolithophores and nannofossils. Our pilot version focused on the relatively recent, Neogene, fossil record (0-23 million years ago) and has already proved popular, registering 670,000 page views and 275 registered users. We now aim to build on this, and will add more species (the older fossil record, plus all the living species), add more types of data (age, ecology and, where appropriate, biology), expand the content (glossary, guides to identification and methods of study) and bring the site to the attention of those who will most benefit from it. The end-product Nannotax website will provide a complete listing of living and fossil coccolithophore and nannofossil taxa, with short descriptions, age data, multiple illustrations, bibliographic references and original descriptions. There will be identification keys and linked pages providing information on study methods. In parallel, we will provide hands-on training in the use and potential of the system, and respond to requests from those who have test-driven the system at workshops and conferences. We think that the development of this system is essential to the hydrocarbon industry and to academics and educators involved in nannoplankton research, training and learning. By removing the barriers to learning nannoplankton taxonomy, identifying specimens and obtaining accurate information about species, existing users will be enabled to expand their expertise, and we believe it will also attract a range of new users. To ensure that we are providing the right kind of information for this wide range of scientists, we have enlisted the support of project partners who represent international biologists, oceanographers, geologists and oil company stratigraphers, who will both provide us with data, and also review and comment upon our progress and product.


News Article | February 15, 2017
Site: www.ogj.com

Noble Energy Inc., Houston, has set its organic capital expenditures for 2017 at $2.3-2.6 billion, compared with $1.3 billion in 2016.

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