Noble Energy drops down midstream assets to MLP, simplifies businesses in $1.6B deal

Houston-based Noble Energy Inc. (NYSE: NBL) and its Noble Midstream Partners LP (NYSE: NBLX) master limited partnership announced a $1.6 billion cash-and-stock deal that will simplify the companies’ midstream operations.

The deal, which closed Nov. 14, is the conclusion of Noble Energy’s strategic review of its midstream business, according to Nov. 15 press releases. It includes the MLP acquiring all of Noble Energy’s remaining midstream interests and the elimination of the latter’s incentive…


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