Consol, Noble Expect to Raise $300M-Plus in Midstream IPO

摘要

Consol Energy Inc. and Noble Energy Inc. set terms Wednesday for the initial public offering of their midstream master limited partnership, announcing plans to raise about $350 million with 7.5 million units at a price range of $19.00-21.00/unit. The companies said in June they intended to take Cone Midstream Partners LP public to better serve growing production from their 50/50 joint venture (JV) in the Marcellus Shale (see Shale Daily, June 12). Cone would be managed by both companies.