Noble Energy Announces Filing of Registration Statement for Initial Public Offering of Noble Midstream Partners LP
Houston, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced today that its wholly owned subsidiary, Noble Midstream Partners LP (“Noble Midstream”), has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its proposed initial public offering of common units representing limited partner interests. Noble Midstream’s initial assets will consist of certain of the Company’s DJ Basin crude oil, natural gas and water-related midstream services.
Noble Midstream intends to apply to list the common units on the New York Stock Exchange under the ticker symbol “NBLX.” The number of common units to be offered and the price range for the offering have not been determined. Noble Energy will own the general partner of Noble Midstream, all of its incentive distribution rights and expects to retain a majority of Noble Midstream’s limited partner interests.
A registration statement relating to the common units has been filed with the SEC but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Barclays, Baird and J.P. Morgan are acting as book-running managers of the offering. The offering of common units will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained, when available, from:
This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties, including, among others, risks impacting the ability of Noble Midstream to complete any public offering of its securities because of general market conditions or other factors.
(October 22, 2015 - 8:00 AM EDT)
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