Energy Business Review: Noble DIVESTS Permian Basin Assets, Chevron BANNED
Here are Tuesday’s top stories:
Noble Energy, Inc. (NYSE:NBL) will divest Permian Basin oil and natural gas properties to privately equity Sheridan Holding for the price of $320 million. The properties involved include Noble’s interest in some 250 producing wells on approximately 11,000 net acres with a net daily production of more than 1,500 barrels of energy equivalent per day.
Chevron Corporation (NYSE:CVX) has been blacklisted by Iraq from entering future oil agreements in that country’s center and south regions, subsequent to the company’s taking over Reliance’s 80 percent share through which it may explore for oil in the northern Kurdish self-rule region, says CNBC.
Chesapeake Midstream Partners (NYSE:CHKM) reports that it is changing its name to Access Midstream Partners with the ticker symbol ACMP, effective immediately.
Possible collusion between Chesapeake Energy Corporation (NYSE:CHK) and Encana Corporation (ECA will be the subject of an inquiry by Michigan state officials, if two state legislators in Lansing have their way. The state regulators are now being asked to move ahead on the investigation, spurred on by emails which appear to show top executives speculating upon how to avoid bidding against each other during a 2010 public land auction in Michigan and additionally in prospective land deals involving at least nine private landowners in that state.
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