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Noble Energy Sells Kansas Oil and Gas Properties for $130 Million
Sep. 26, 2012 03:55PM PST
Oil and Gas InvestingNoble Energy Inc. (NYSE:NBL) announced that it closed the $130 million sale of some of its Kansas-based oil and gas properties to an affiliate of Citation Oil & Gas Corp., a private company.
Noble Energy Inc. (NYSE:NBL) announced that it closed the $130 million sale of some of its Kansas-based oil and gas properties to an affiliate of Citation Oil & Gas Corp., a private company.
David L. Stover, Noble’s COO and president, commented:
With the closing of our Kansas property sale, we have now completed four divestments resulting in over $1.1 billion of proceeds received this quarter. These funds will contribute to our strong balance sheet and robust liquidity position as we continue to build out major deepwater projects and accelerate onshore horizontal resource plays.
Click here to read the full Noble Energy Inc. (NYSE:NBL) press release.