HOUSTON, Feb. 25, 2015 /PRNewswire/ -- Noble Energy,
Inc. (NYSE:NBL) announced today that it intends to commence a
registered public offering of 21,000,000 shares of common stock,
subject to market conditions. The Company also expects to
grant the underwriters an option to purchase up to 3,150,000
additional shares of stock. Net proceeds from the offering
are expected to be used to repay all outstanding borrowings under
the Company's credit facility and for general corporate
purposes.
Goldman, Sachs & Co. and J.P. Morgan are acting as joint
book-running managers for the offering. The offering will be
made only by means of a preliminary prospectus supplement and the
accompanying base prospectus, copies of which may be obtained on
the Securities and Exchange Commission's website at
www.sec.gov. Alternatively, the underwriters will
arrange to send you the preliminary prospectus supplement and
related base prospectus if you request them by contacting: Goldman,
Sachs & Co., 200 West Street, New
York, NY 10282, Attention: Prospectus Department, by calling
(866) 471-2526, or by emailing prospectus-ny@ny.email.gs.com; or
J.P. Morgan, via Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York, 11717,
by calling: (866) 803-9204.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall there be
any sale of any such securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. A registration statement relating to
the securities has been filed and became effective February 7, 2013.
Noble Energy is a leading independent energy company engaged in
worldwide oil and gas exploration and production. The Company
has core operations onshore in the U.S., primarily in the DJ Basin
and Marcellus Shale, in the
Gulf of Mexico, offshore Eastern
Mediterranean, and offshore West Africa.
This news release contains certain
"forward-looking statements" within the
meaning of federal securities law. Words such as
"anticipates",
"believes," "expects",
"intends",
"will",
"should",
"may", and similar expressions may be used
to identify forward-looking statements. Forward-looking
statements are not statements of historical fact and reflect Noble
Energy's current views about future events.
They include estimates of oil and natural gas reserves, estimates
of future production, assumptions regarding future oil and natural
gas pricing, planned drilling activity, future results of
operations, projected cash flow and liquidity, business strategy
and other plans and objectives for future operations. No
assurances can be given that the forward-looking statements
contained in this news release will occur as projected and actual
results may differ materially from those projected.
Forward-looking statements are based on current expectations,
estimates and assumptions that involve a number of risks and
uncertainties that could cause actual results to differ materially
from those projected. These risks include, without
limitation, the volatility in commodity prices for crude oil and
natural gas, the presence or recoverability of estimated reserves,
the ability to replace reserves, environmental risks, drilling and
operating risks, exploration and development risks, competition,
government regulation or other actions, the ability of management
to execute its plans to meet its goals and other risks inherent in
Noble Energy's business that are discussed in its
most recent annual report on Form 10-K and in other reports on file
with the Securities and Exchange Commission. Forward-looking
statements are based on the estimates and opinions of management at
the time the statements are made. Noble Energy does not
assume any obligation to update forward-looking statements should
circumstances, management's estimates, or opinions
change.
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SOURCE Noble Energy