Deal Details
Initial Public Offering
Summary
Baird served as a structuring advisor and lead book-running manager on this offering
About
Noble Midstream Partners LP (“Noble Midstream” or the “Partnership”) (NYSE: NBLX) recently completed an initial public offering of 14,375,000 common units at a price of $22.50 per unit, generating gross proceeds of approximately $323.4 million. This offering represents the first energy IPO in over a year. Noble Midstream is a growth-oriented Delaware master limited partnership formed by Noble Energy, Inc. (“Noble”) to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. The Partnership currently provides crude oil, natural gas and water-related midstream services. Noble Midstream’s areas of focus are in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream is headquartered in Houston, Texas. Noble Midstream’s sponsor, Noble, is one of the largest independent oil and natural gas exploration and production companies with a diversified, high-quality portfolio spanning three continents. Noble was founded more than 80 years ago and is based in Houston, Texas.For additional information about this transaction, please contact:
- Date
- September 2016
- Company
- Noble Midstream Partners LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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