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BRIEF-Noble Midstream announces pipeline JV expanding Delaware basin footprint
February 13, 2017 / 12:17 PM / 9 months ago

BRIEF-Noble Midstream announces pipeline JV expanding Delaware basin footprint

Feb 13 (Reuters) - Noble Midstream Partners LP

* Noble Midstream Partners announces pipeline joint venture expanding Delaware basin footprint

* Entered into definitive agreements to form a 50/50 joint venture to acquire Advantage Pipeline LLC

* JV will acquire Advantage for $133 million, with Noble Midstream’s 50% interest totaling $66.5 million

* Noble Midstream’s JV interest will be funded with cash on hand and its undrawn credit facility

* Partnership’s JV interest will be held by Trinity River Devco Lp, a newly formed, 100% owned development company Source text for Eikon: Further company coverage:

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