HOUSTON and SAN RAMON, California — The arm of Noble Energy that manages transporting oil and gas from the well to the refinery says it has been fully integrated with Chevron Corp. (NYSE: CVX) after the oil giant closed its $5 billion acquisition of Weld County’s second-largest producer.
Noble Midstream Partners LP (Nasdaq: NBLX) said it expects Chevron to primarily focus on Noble’s assets in the Denver-Julesburg Basin in Colorado, along with some activity within the Permian Basin in Texas.
Most of this activity will be connecting wells rather than investing in large-scale facilities.