Noble Energy selling its Cone Gathering stake

By Staff reporter 19 May 2017

Houston-based Noble Energy will sell its stake in Cone Gathering for $765 million, the company announced on Thursday.

Noble holds a 50% stake in Cone Gathering, which operates pipelines in the Marcellus shale play. Noble will also sell its 33.5% stake in Cone Midstream, which operates pipelines and a gas processing plant in the Marcellus, to Quantum Energy Partners in Houston.

Noble previously agreed to sell $2 billion in assets this year to exit its production and pipeline businesses in the gas-rich Appalachian region to focus on...

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