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One-Page Deal Sheet

Noble, Consol Drop Down Midstream Asset Interests to CONE Midstream

Cone Midstream Partners Lp Consol Energy Inc., Noble Energy, Inc.
AnnouncedNov 16, 2016
TypeWorking Interest
LocationMarcellus Shale
Announced Date
November 16,2016
Transaction Type
Working Interest




Snapshot
Location
Region
Northeast

Country
United States

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Noble Energy and CONSOL Energy Inc. (Sponsors) announced that CONE Gathering LLC has entered into a definitive agreement to contribute its remaining 25% ownership interest in CONE Midstream DevCo I LP (the Anchor Systems) to CONE Midstream Partners LP for a total valuation of $248 million.

Upon closing, each Sponsor will receive $70 million in cash and approximately 2.6 million limited partnership units of CNNX.

The Anchor Systems include over 125 miles of pipelines and 650 million cubic feet per day of natural gas compression capacity, which gather and transport production from the…



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