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Noble Energy Sells Kansas Properties

Citation Oil & Gas Corp. Noble Energy, Inc.
AnnouncedAug 13, 2012
TypeProperty
LocationMid-Continent
Announced Date
August 13,2012
Effective Date
April 01,2012
Close Date
September 26,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
140




Snapshot
Asset/Basin:
{Mid-Continent}
Net Acres
Proved Reserves

Location
Region
Mid-Continent

Country
United States

State
Kansas

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Production & Reserves
Reserves


Calculated Metrics( EV/Category)
$/ Acre

Transaction Details:  Subscribe to see

Noble Energy, Inc. today announced that it has signed a definitive agreement to sell certain oil and natural gas properties in Kansas to an affiliate of Citation Oil & Gas Corp., a privately held Houston based oil and gas company, for approximately $140 million.

The transaction has an effective date of April 1, 2012 and is expected to close in September 2012, subject to customary closing conditions and adjustments.The properties include Noble Energy's interest in about 250 producing wells on approximately 14,000 net acres. As of the effective date, net production was approximately 1,000…



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