One-Page Deal Sheet
Chevron Acquires Noble Midstream in All-Stock Deal Worth $1.3B
Chevron Corp Noble Midstream Partners LP
Announced Date
March 05,2021
Close Date
May 11,2021
Transaction Type
Corporate
Location
Region
Permian,Rockies - DJ Basin
Country
United States
Play
Transaction Details: Subscribe to see
Chevron Corp. has agreed to acquire all of the outstanding publicly-held units (33.925 million) of Noble Midstream not already owned by Chevron.
This deal closed on May 11, 2021.
The all-stock deal is valued at $1.3 billion.
Noble Midstream AssetsNoble Midstream's assets are concentrated in the DJ and Permian basins.
TermsPer the terms, each outstanding unitholder of Noble Midstream would receive 0.1393 of a share of common stock of Chevron in exchange for each Common Unit owned.
Colin Parfitt, Vice President of Chevron Midstream and Chairman of the general partner of Noble Midstream…