Noble Energy Rakes In $320M For Texas Oil Properties

Law360, New York (July 24, 2012, 6:15 PM EDT) -- Noble Energy Inc. has agreed to sell some of its Texas oil and natural gas holdings to a subsidiary of privately held oil and gas investment company Sheridan Production Co. LLC for $320 million, Noble announced Tuesday.

Houston-based Sheridan Holding Co. II LLC purchased from Noble Energy some 250 wells spread across 11,000 acres in the Permian Basin, increasing the company’s presence in the region to more than 850 producing wells.

Representatives for Sheridan declined to comment Tuesday.

Noble Energy President and Chief Operating Officer David...
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