Noble Energy announced that its wholly owned subsidiary, Noble Midstream Partners LP has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (the SEC) in connection with its proposed initial public offering of common units representing limited partner interests. Noble Midstream's initial assets will consist of certain of the company's DJ Basin crude oil, natural gas and water-related midstream services.
Noble Midstream intends to apply to list the common units on the New York Stock Exchange under the ticker symbol "NBLX." The number of common units to be offered and the price range for the offering have not been determined. Noble Energy will own the general partner of Noble Midstream, all of its incentive distribution rights and expects to retain a majority of Noble Midstream's limited partner interests.
A registration statement relating to the common units has been filed with the SEC but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Image: Noble Energy logo, From Noble Energy