Deal Description: On November 15, 2019, Noble Midstream Partners LP (NYSE: NBLX) announced it has entered into a definitive agreement to acquire substantially all of Noble Energy’s (NYSE: NBL) remaining midstream interests and the incentive distribution rights in Noble Midstream for $1.6 billion in aggregate consideration, which will consist of both cash and common units representing limited partner interests in Noble Midstream.

The terms of the Transactions were approved by the Board of Directors of Noble Midstream’s general partner following a unanimous recommendation for approval from the conflicts committee of the Board of Directors, which consists entirely of independent directors.

Baker Botts L.L.P. represented the conflicts committee in the transaction.

Baker Botts Lawyers/Office Involved:

Corporate: Josh Davidson (Partner, Houston); A.J. Ericksen (Partner, Houston); Jamie Yarbrough (Associate, Houston); Hayley Hervieux (Associate, Houston)

Energy Projects: Scott Looper (Partner, Houston); Kyle Doherty (Associate, Houston)

Tax: Mike Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston)

Environmental: Scott Janoe (Partner, Houston); Harrison Reback (Associate, Houston)

Energy Regulatory: Emil Barth (Special Counsel, Washington)

For more information, please see Noble Midstream’s news release by clicking here.

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