Consol Energy, Noble Energy, joined forces, Marcellus Shale Pipeline

Consol Energy Inc. and Noble Energy Inc., which joined forces in the Marcellus Shale almost three years ago, are planning to offer stock in a natural gas pipeline partnership that handles output from jointly owned acreage.According to separate statements, the companies submitted a registration statement to regulators today proposing an initial public offering for a minority stake in a master-limited partnership.Consol said that the offering is expected to be completed in the third or Q4, subject to market conditions and approval of Noble’s board.Noble agreed in 2011 to pay USD 1.07 billion for half of Consol’s properties in the Marcellus, one of the largest US shale-gas deposits.

via Consol Energy, Noble Energy, joined forces, Marcellus Shale.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s