Noble Energy Sells Sliver Of D-J Basin For $600 Million

Noble Energy Inc. (NYSE: NBL) signed a definitive agreement with SRC Energy Inc. (AMEX: SRCI) to divest about 30,200 net acres from the company’s non-core Denver-Julesburg (D-J) Basin position in Weld County, Colo., the companies said Nov. 8. SRC agreed to pay $608 million to expand its core Greeley Crescent development area. The deal includes average production of 4,100 barrels of oil equivalent per day (boe/d) and 600 drilling locations. Multiple development pads are already under permit and much of the acreage is HBP, SRC said.
Source: Daily Dose of ShaleDirectories.com News

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