One-Page Deal Sheet
Noble Quietly Sells Off 13,000 Delaware Basin Acres in Q1
Not Disclosed Noble Energy, Inc.
Announced Date
March 14,2019
Close Date
March 14,2019
Transaction Type
Acreage
Enterprise Value (EV)($MM)
132
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
In a recent 10K filing, Noble Energy divulged that it has sold off a portion of its Delaware Basin acreage.
The deal was closed for $132 million and the buyer was not disclosed.
Deal Details: Non-core acreage sale of 13,000 net acres Located in Reeves County, TX 1000 boe/d (68% oil)In the filing, the company said: "In first quarter 2019, we closed the sale of certain proved and unproved non-core acreage totaling approximately 13,000 net acres in Reeves County, Texas. We received cash consideration of $132 million, recognizing no gain or loss on the sale. As of December 31, 2018, the…
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|---|---|---|---|
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