Noble selling Marcellus Shale assets for $1.12B

One of the region’s and state’s biggest natural gas drillers is pulling out of the Marcellus Shale, announcing Tuesday the pending sale of its entire portfolio of natural gas production in southwestern Pennsylvania and West Virginia for $1.2 billion.

Noble Energy Inc. (NYSE: NBL) confirmed it would sell all of its assets to an undisclosed buyer, receiving $1.125 billion upfront and will get three separate payments in the future for $33.3 million each depending on price conditions between 2018…

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