Noble Royalties Acquires More Than 2,100 Wells In Eight States

Purchased royalties from more than 2,100 wells in 75 counties and eight U.S. states.

Addison, Texas-based Noble Royalties Inc. has closed the purchase of producing oil and natural gas royalties from more than 2,100 wells in 75 counties and eight states for $10.34 million from an undisclosed seller.

The 30% oil, 50% natural gas and 20% gas liquids acquisition provides current cash flow from oil, natural gas and natural gas liquids production. The effective date of the acquisition is February 1, 2012.