Noble Energy completes sale of Kansas properties

Source: Noble Energy, Inc.

Noble Energy, Inc. (NBL) announced today that it has closed the previously announced sale of certain oil and natural gas properties in central Kansas to an affiliate of Citation Oil & Gas Corp., a privately held Houston based oil and gas company. Proceeds from the transaction were approximately $130 million and included certain adjustments from the effective date of April 1, 2012.

David L. Stover, Noble Energy's President and COO, commented, "With the closing of our Kansas property sale, we have now completed four divestments resulting in over $1.1 billion of proceeds received this quarter. These funds will contribute to our strong balance sheet and robust liquidity position as we continue to build out major deepwater projects and accelerate onshore horizontal resource plays."


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs