Noble Midstream Acquires Midstream Interests from Noble Energy for $1.6B
Vinson & Elkins advised Noble Energy in a definitive
agreement whereby Noble Midstream Partners LP (the “Partnership”) acquired the
Partnership’s incentive distribution rights and substantially all of Noble
Energy’s remaining midstream interests for $1.6 billion.
The total consideration will consist of both cash and common
units of limited partner interests in the Partnership.
The V&E corporate team was led by partner Ramey Layne
with assistance from senior associate Jessica Lewis and associates Andrianna
Frinzi and Nico Kroeker. The tax team was led by partners Ryan Carney and Joe
Garcia with assistance from associates Christine Mainguy and Eyad Saqr.