Noble Energy closes acquisition of Clayton Williams Energy

4/25/2017

HOUSTON -- Noble Energy, Inc., announced that, following the overwhelming approval by the stockholders of Clayton Williams Energy, Inc., of the acquisition of Clayton Williams Energy by Noble Energy, the transaction closed and became effective immediately after market close on April 24, 2017. In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC.

Acquired assets include 71,000 highly contiguous net acres in the core of the Southern Delaware basin, adjacent to Noble Energy's original Reeves County holdings in Texas, an additional 100,000 net acres in other areas of the Permian basin, and more than 300 mi of oil, natural gas, and produced water gathering pipelines.  Production on the assets totals approximately 10,000 boed.

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