Noble Energy has enlisted Simmons & Company International to assist in
the sale of its subsidiary Southwest Royalties, which Noble acquired as part of
its $3.2 billion acquisition of Clayton Williams Energy in January. Southwest's
assets are mostly in Texas and New Mexico’s Permian Basin, as well as South
Louisiana, Oklahoma and
North Dakota’s Bakken. Net
production is 3,200 boe/d
(50% operated, 62% oil) on 6,000 total net acres.
Southwest’s Permian production of 2,250 boe/d (70% of the total) is 60%
operated. Notable......
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