Noble Energy Streamlines Midstream Assets With $1.6B Deal

Law360 (November 15, 2019, 3:13 PM EST) -- Noble Energy said Friday it would simplify its business by selling its midstream assets to a Noble partnership in a roughly $1.6 billion deal steered by Mayer Brown LLP, Baker Botts LLP and Vinson & Elkins LLP.

The deal will see Noble Energy Inc. sell off nearly all of its midstream assets to Noble Midstream Partners LP, a master limited partnership set up by Noble Energy to own and operate U.S. midstream infrastructure assets, the announcement said. The transaction will also eliminate Noble's incentive distribution rights, making it one of several companies to make changes to IDR arrangements in recent years....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!