Noble Energy drops down interests in infrastructure assets to MLP for $270M

Houston-based Noble Midstream Partners LP (NYSE: NBLX) will acquire additional interests in two infrastructure entities from Houston-based Noble Energy Inc. (NYSE: NBL) in a $270 million drop-down deal, according to a June 21 press release.

The deal will boost Noble Midstream’s exposure to the Delaware Basin portion of the Permian Basin and the Denver-Julesburg Basin, the master limited partnership’s primary focus areas.

Noble Midstream currently owns 80 percent of Colorado River DevCo and will…

Noble Energy drops down interests in infrastructure assets to MLP for $270M syndicated post

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