Noble Energy Completes The Sale Of Permian Basin Properties

Sep 04, 2012, 08:29 ET from Noble Energy

HOUSTON, Sept. 4, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) announced today that it has closed the previously announced sale of certain oil and natural gas properties in the Permian Basin to Sheridan Holding Company II, LLC, a privately held Houston based oil and gas company.  Proceeds from the transaction were approximately $309 million and included adjustments from the effective date of April 1, 2012.

Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production.  The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa.  Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL.  Further information is available at www.nobleenergyinc.com.

SOURCE Noble Energy