Noble Energy Inc. (NYSE:NBL) announced that it closed the $130 million sale of some of its Kansas-based oil and gas properties to an affiliate of Citation Oil & Gas Corp., a private company.
Articles Tagged "NYSE:NBL"
Noble Energy Inc. (NYSE:NBL) announced that it has closed the sale of some of its Western Oklahoma and Texas Panhandle oil and natural gas properties to a subsidiary of Unit Corp. (NYSE:UNT).
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Prior to the Gulf of Mexico oil leak in April, U.S. regulators approved about a dozen permits a month to drill in the shallow waters off the Gulf. Following the spill, a considerably more cautious approach has barely allowed one a month, despite the six-month moratorium only affecting wells in much deeper waters.