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Chevron Corp. has submitted a non-binding proposal to acquire all of the publicly held common units representing limited partner interests in Noble Midstream Partners (not already owned by Chevron and its affiliates).
Chevron is proposing to acquire the Common Units through a merger transaction in exchange for shares of common stock of Chevron, at a value of $12.47 per Common Unit (based on the most recent closing price of NBLX Common Units as of February 4, 2021).
Noble Midstream's assets are concentrated in the Permian and DJ basins, where Chevron holds assets.
| Category | 2020 | 2021 Est. Initial | Updated 2021 Guidance | %Difference (2020vs 2021) |
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Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
|---|---|---|---|---|---|
| 04/08/2021 | E&P | Enerplus to Acquire Bakken Assets from Hess in $312MM Cash Deal |
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| 04/05/2021 | E&P | Whitecap Acquires Kicking Horse Oil & Gas for $300 Million |
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| 04/01/2021 | E&P | Pioneer to Acquire PE-Backed DoublePoint for $6.4 Billion |
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| 04/01/2021 | E&P | Earthstone Acquires Permian PE-Backed E&P for $126 Million |
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| 03/24/2021 | E&P | Ovintiv Sells Eagle Ford Portfolio to PE-Backed E&P for $880 Million |
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| 03/22/2021 | Midstream | Oasis Sells Bakken Water Assets to Oasis Midstream for $510MM Cash/Stock |
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| 03/18/2021 | Midstream | Murphy Oil Sells 50% Stake in GOM FPS Project to ArcLight |
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| 03/18/2021 | E&P | Hess Unloads Denmark Asset in $150 Million Deal |
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| 03/17/2021 | E&P | Petro Viking Picks Up Duvernay, Viking Mineral Rights |
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| 03/17/2021 | E&P | Leucrotta Sells Non-Core Montney Gas Assets in $30MM Deal |
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| Total |
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