Noble Energy entered into a definitive merger agreement to acquire all common stock in Rosetta Resources for approximately USD 2 billion, and will assume USD 1.8 billion in debt. Noble has identified more than 1,800 drilling locations across the new assets, consisting of 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian Basin in west Texas. Rosetta’s assets produced 66,000 BOEPD in the first quarter of the year. The transaction is expected to close in the third quarter of the year.
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