Noble Energy to sell 30,200 DJ Basin acres for $608M

Houston-based Noble Energy Inc. (NYSE: NBL) said Nov. 8 it’s signed a deal to sell about 30,200 acres of mineral rights in the Denver-Julesburg Basin to Denver’s SRC Energy Inc.

SRC (NYSE AMEX: SRCI) said it will pay $568 million in cash for about 95 percent of the total acres by the end of the year and settle up with Noble later on the remaining acres, which have active wells on them. 

The purchase price for the acres with active wells carries a tentative price of $40 million, though that…

Original published: 2017-11-08 18:50:47 Read the full Houston News here


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