Printer Friendly

NOBLE AFFILIATES SELLS NONSTRATEGIC PROPERTIES FOR $2.8 MILLION

 ARDMORE, Okla., July 7 /PRNewswire/ -- Noble Affiliates, Inc. (NYSE: NBL) today announced that its wholly owned subsidiary, Samedan Oil Corporation, has sold its interests in 179 nonstrategic Oklahoma properties for $2.8 million in cash.
 The interests were primarily related to non-operated wells, the company said. The properties were producing approximately 52 barrels of oil and 1.9 million cubic feet of gas per day, net to the interest sold. At the beginning of the year, the company estimated net proved reserves associated with the properties to be 86,824 barrels of oil and 2.3 billion cubic feet of gas.
 The company further indicated it will continue to review its property inventory for the divestiture of non-core assets.
 Noble Affiliates, Inc. is an independent energy company with exploration and production operations throughout major basins in the United States, including the Gulf of Mexico, as well as international operations primarily in Canada, Tunisia, Indonesia and Equatorial Guinea.
 Its common stock is listed on the NYSE under the symbol "NBL."
 -0- 7/7/93
 /CONTACT: William D. Dickson of Noble Affiliates, Inc., 405-223-4110/
 (NBL)


CO: Noble Affiliates, Inc.; Samedan Oil Corporation ST: Oklahoma IN: OIL SU:

SM -- NY036 -- 9046 07/07/93 11:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 7, 1993
Words:204
Previous Article:CHASE MORTGAGE FINANCE CORP. SERIES 1993H CLASS A "AAA" BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:THE PHOENIX RESOURCE COMPANIES, INC. ANNOUNCES DRILLING RESULTS
Topics:


Related Articles
NOBLE AFFILIATES CLOSES ACQUISITION OF CERTAIN FREEPORT-MCMORAN GULF PROPERTIES
NOBLE AFFILIATES PURCHASES 23 CALIFORNIA GAS WELLS FROM DEKALB ENERGY
NOBLE AFFILIATES ANNOUNCES DETAILS OF INTENT TO PURCHASE FREEPORT-MCMORAN PROPERTIES
NOBLE AFFILIATES ANNOUNCES ACQUISITION OF GULF OF MEXICO PROPERTIES;
NOBLE AFFILIATES ANNOUNCES ACQUISITION OF GULF OF MEXICO PROPERTIES
NOBLE AFFILIATES ANNOUNCES COMPLETION OF ENERGY DEVELOPMENT CORPORATION ACQUISITION
Noble Affiliates Purchases Additional Interest in Gulf of Mexico Property
Occidental Completes Asset Sales Worth $376 Million
Noble Affiliates Announces Agreement to Sell Nonstrategic Properties.
Noble Affiliates Purchases Interest in Gulf of Mexico Vermilion Block 408.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters