Saturday, May 24, 2025

Noble Energy Jumps to Second-Largest Southern Delaware Player with $3.2 Billion Acquisition

Noble Energy purchases Clayton Williams Energy for $3.2 billion, inclusive of debt; NBL’s new full company production for 2020 is expected to reach 600 MBOEPD assuming $50 oil Noble Energy (ticker: NBL) announced Monday that the company has purchased Clayton Williams Energy (ticker: CWEI) in a cash and stock deal valued at $2.7 billion, plus the assumption of approximately $500

What’s in the Cards for Clayton Williams Energy?

Clayton Williams (ticker: CWEI) and Concho Resources (ticker: CXO) each made significant announcements regarding their respective Delaware Basin positions yesterday, including an acreage swap that is “highly beneficial to both companies,” said Mel Riggs, President of CWEI, in the company’s press release. The two exploration and production companies also announced separate, unrelated transactions in their releases, but the direct exchange