Noble Energy, Inc. (NYSE: NBL) to Sell Properties to Citation Oil & Gas

By Shayne Heffernan,

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Noble Energy, Inc. ( NBL ) today announced that it has signed a definitive agreement to sell certain oil and natural gas properties in Kansas to an affiliate of Citation Oil & Gas Corp., a privately held Houston based oil and gas company, for approximately $140 million. The transaction has an effective date of April 1, 2012 and is expected to close in September 2012, subject to customary closing conditions and adjustments.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: NBL

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