Noble Energy sells stake in Marcellus midstream MLP for $765M

Houston-based Noble Energy Inc. (NYSE: NBL) announce May 18 plans to sell its stake in a Marcellus midstream master limited partnership for $765 million in cash.

The deal, which is expected to close in the third quarter, comes less than a month after Noble announced a $1.2 billion deal to sell all of its upstream assets in northern West Virginia and southern Pennsylvania. The company is refocusing its U.S. onshore operations with more emphasis in Colorado and Texas as it moves away from the Marcellus.

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