Noble Energy Sells Marcellus Property For $1.25 Billion
Multiples
Transaction Details:
Noble Energy Inc annouced that it entered into a definitive agreement to sell all of its upstream assets in Northern West Virginia and Southern Pennsylvania to HG Energy, LLC a Quantum Energy portfolio company for $1.25 billion. HG Energy will also pay an additional contingent amount of $100 million should the average price realization at Dominion South exceed $3.30/MMbtu from 2018 through 2020.
The transaction closed today, June 28, 2017. The asset entails 385,000 net acres in the Marcellus with 100% Working Interest and 85% NRI. Current production is 415 MMcfe/d (88% gas, 14% NGLs and 2% oil).
Noble Energy Leasehold Map
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jan-24-2020 | - | - | Click here | Pennsylvania | E&P |
Dec-19-2019 | - | - | Click here | Ohio | E&P |
Oct-21-2019 | - | - | Click here | Pennsylvania | E&P |
Jul-19-2019 | - | - | Click here | Pennsylvania | E&P |
Jul-19-2019 | - | - | Click here | Pennsylvania | E&P |
Date | Deal Headline | Price | $/acre |
---|---|---|---|
Jan-11-2024 | Chesapeake To Acquire Southwestern Energy | - | - |
Sep-08-2022 | EQT to Acquire Appalachia E&P, Midstream Assets for $5.2 Billion in Cash/Stock | - | - |
Sep-06-2022 | Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jul-20-2020 | - | - | Click here | Colorado | E&P |
Mar-14-2019 | - | - | Click here | Texas | E&P |
Feb-16-2018 | - | - | Click here | E&P | |
Jan-29-2018 | - | - | Click here | E&P | |
Nov-27-2017 | - | - | Click here | Texas | E&P |
Other HG Energy II LLC Deals
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Mar-28-2019 | - | - | Click here | West Virginia | E&P |