Chevron closes acquisition of Noble Energy pipelines
WELD COUNTY — Chevron Corp. (NYSE: CVX) finalized its takeover of Noble Midstream Partners LP, giving it several pipeline routes in Weld County as part of a larger effort to enter Colorado’s drilling scene.
In a statement, the San Ramon, California-based Chevron said Noble Midstream is now a fully-owned subsidiary of the oil giant, and its stock ticker has ceased trading on the Nasdaq Global Select Market.
Chevron first offered to buy the remainder of Noble Midstream’s stock in early February at a valuation of $1.12 billion, months after it closed its acquisition of Noble Energy last fall for $5…