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On the Record · Noble Energy

Noble Energy acquisitions, on the record

The businesses Noble Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Clayton Williams Energy, Inc.
Word for word“For example, we completed the acquisition (Clayton Williams Energy Acquisition) of Clayton Williams Energy, Inc. (Clayton Williams Energy) in 2017 and the merger (Rosetta Merger) of Rosetta Resources Inc (Rosetta) in 2015.” 10-K for 2017
acquisition——
Marcellus Shale upstream assets
Word for word“On June 28, 2017, we closed the sale of the Marcellus Shale upstream assets, receiving net proceeds of $1.0 billion and recorded a loss on sale of $2.38 billion .” 10-K for 2017
divestitureOn June 28, 2017net proceeds of $1.0 billion
approximately 30,200 net acres in the Greeley Crescent area of Weld County, Colorado
Word for word“As part of ongoing portfolio management, we entered into an agreement to divest approximately 30,200 net acres, the majority of which were undeveloped, in the Greeley Crescent area of Weld County, Colorado for $608 million.” 10-K for 2017
divestiture—$608 million
bolt-on acquisition in the Delaware Basin (Reeves County area)
Word for word“We also executed strategic leasing initiatives and entered into a bolt-on acquisition, for $295 million, which closed in January 2017, adding additional production near our producing properties and increasing our 6 Table of Contents Index to Financial Statements contiguous acreage position in the Reeves County area.” 10-K for 2017
acquisitionclosed in January 2017$295 million
7.5% working interest in the Tamar and Dalit fields to Tamar Petroleum Ltd.
Word for word“Further, on January 29, 2018, we signed a definitive agreement to divest a 7.5% working interest in these respective fields to Tamar Petroleum Ltd (TASE: TMRP).” 10-K for 2017
agreed divestitureJanuary 29, 2018—
assets in the Gulf of Mexico
Word for word“On February 15, 2018, we announced the Company signed a definitive agreement to sell its assets in the Gulf of Mexico for cash consideration of $480 million.” 10-K for 2017
agreed divestitureFebruary 15, 2018$480 million
50% interest in CONE Gathering, LLC
Word for word“In late 2017 , we announced the signing of a definitive agreement to divest our 50% interest in CONE Gathering, LLC (CONE Gathering).” 10-K for 2017
agreed divestiturelate 2017—
Saddle Butte Rockies Midstream, LLC and affiliates
Word for word“In December 2017, Noble Midstream Partners and Greenfield Midstream, LLC (Greenfield Midstream) formed an entity, Black Diamond Gathering LLC (Black Diamond Gathering), to acquire Saddle Butte Rockies Midstream, LLC and affiliates (Saddle Butte).” 10-K for 2017
acquisitionDecember 2017—
Advantage Pipeline L.L.C.
Word for word“In April 2017, Noble Midstream Partners, along with its partner, Plains Pipeline, L.P., formed the Advantage joint venture (Advantage Joint Venture) and subsequently completed the acquisition of Advantage Pipeline L.L.C. (Advantage Pipeline).” 10-K for 2017
acquisitionApril 2017—
EMG Pipeline (indirect interest of approximately 10%, net)
Word for word“In fourth quarter 2019, we acquired an effective, indirect interest of approximately 10%, net, in the entity that owns the EMG Pipeline (EMG Pipeline).” 10-K for 2019
acquisitionIn fourth quarter 2019—
substantially all of our US onshore midstream interests and assets and our incentive distribution rights, sold to Noble Midstream Partners
Word for word“2019 Significant Midstream Highlights: • sold substantially all of our US onshore midstream interests and assets and our incentive distribution rights to Noble Midstream Partners for total consideration of $1.6 billion; • expanded our long-haul business by developing strategic relationships in the Delaware Basin, exercising investment options in EPIC Y-Grade and EPIC Crude Holdings, and forming the Delaware Crossing crude oil pipeline joint venture, with total equity contributions of approximately $ 590 million; and • secured long-term takeaway at a lower cost in the DJ Basin through a strategic relationship with Saddlehorn.” 10-K for 2019
divestiture—$1.6 billion
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businesses
2016-12-31−$30 million$1.24 billion
2017-12-31$954 million$2.07 billion
2018-12-31$653 million$2 billion
2019-12-31$0$173 million

Deal filings since 2016

Read from Noble Energy’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.