Nobel Energy buys Clayton Williams for $2.7B
Friday, February 3, 2017
Nobel Energy will expand its holdings in the Southern Delaware Basin of the Permian Basin shale formation, buying out Clayton Williams Energy for $2.7 billion in stock and cash, according to the Star-Telegram.
Nobel acquired more than 4,200 drilling locations on about 120,000 net acres with resources of more than 2 billion barrels of oil equivalent, making it the second largest acreage position in the Southern Delaware Basin.
Clayton Williams Energy also looks forward to the partnership. After running his company for the past 25 years, Williams said he’s pleased Nobel Energy will be leading the development of his properties going forward.
Learn more: Star-Telegram > Nobel Energy buys out Clayton Williams for $2.7 billion
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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