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NEW YORK (AP) -- Oil and gas producers Consol Energy and Noble Energy said Thursday that they plan to form a new publicly traded joint venture that will operate natural-gas pipelines in the Marcellus Shale region in the Eastern U.S.
The two companies said they plan to create a master limited partnership. Consol and Noble said they filed confidential paperwork to the U.S. Securities and Exchange Commission about the joint venture's initial public offering.
The offering is expected to be completed before the end of the year.
Shares of both companies rose in premarket trading after the announcement. Noble Energy Inc., which is based Houston, rose less than 1 percent to $76, and shares of Pittsburgh-based Consol Energy Inc. rose 1.5 percent to $47.70.
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Noble Energy
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CODE : NBL |
ISIN : US6550441058 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Noble Energy is a producing company based in United states of america. Noble Energy is listed in United States of America. Its market capitalisation is US$ 4.9 billions as of today (€ 4.1 billions). Its stock quote reached its highest recent level on May 09, 2008 at US$ 97.39, and its lowest recent point on August 31, 2020 at US$ 10.00. Noble Energy has 492 191 992 shares outstanding. |