CONSOL ENERGY INC. HOUSTON and PITTSBURGH, Oct. 1, 2014 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL), CONSOL Energy Inc. (NYSE: CNX) and CONE Midstream Partners LP, a Delaware limited partnership ("CONE Midstream Partners") formed by CONSOL and Noble Energy, announced today that CONE Midstream Partners has closed its initial public offering of 20,125,000 common units representing limited partner interests at a price to the public of $22.00 per common unit. The common units issued at closing included 2,625,000 common units that were issued pursuant to the full exercise of the underwriters' option to purchase additional common units. The common units began trading on the New York Stock Exchange on September 25, 2014 under the ticker symbol "CNNX."
As of the closing of the offering, the public owns a 33.8% limited partner interest in CONE Midstream Partners. Each of CONSOL and Noble Energy own a 32.1% limited partner interest in CONE Midstream Partners. In addition, CONSOL and Noble Energy own, through their Marcellus Shale midstream joint venture, CONE Gathering LLC, a 2% general partner interest and the incentive distribution rights in CONE Midstream Partners.
Wells Fargo Securities, BofA Merrill Lynch, Citigroup, J.P. Morgan, Baird, Barclays, Deutsche Bank Securities, Goldman, Sachs & Co., Morgan Stanley, Credit Suisse and RBC Capital Markets acted as book-running managers of the offering. MUFG, PNC Capital Markets LLC, BB&T Capital Markets, BBVA, BNP PARIBAS, DNB Markets, Mizuho Securities and TD Securities acted as co-managers of the offering. The offering of common units was made only by means of a written prospectus. Copies of the written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained from:
Wells Fargo Securities BofA Merrill Lynch Citigroup
c/o Equity Syndicate Department 222 Broadway, New York, NY 10038 c/o Broadridge Financial Solutions
375 Park Avenue Attn: Prospectus Department 1155 Long Island Avenue
New York, NY 10152 email: dg.prospectus_requests@baml.com Edgewood, NY 11717
cmclientsupport@wellsfargo.com prospectus@citi.com
Toll-Free: 1-800-326-5897 Toll-Free: 1-800-831-9146
J.P. Morgan Baird Barclays
c/o Broadridge Financial Solutions Attention: Syndicate Department c/o Broadridge Financial Solutions
1155 Long Island Avenue 777 East Wisconsin Avenue 1155 Long Island Avenue,
Edgewood, New York, 11717 Milwaukee, WI 53202-5391 Edgewood, NY, 11717
Telephone: (866) 803-9204 Telephone: (800) 792-2473 Telephone: (888) 603-5847
Email: syndicate@rwbaird.com Email: barclaysprospectus@broadridge.com
Deutsche Bank Securities Goldman, Sachs & Co. Morgan Stanley
Attention: Prospectus Group Attn: Prospectus Department Attn: Prospectus Department
60 Wall Street 200 West Street 180 Varick Street, 2nd Floor
New York, NY 10005 New York, NY 10282 New York, NY 10014
Telephone: (800) 503-4611 Telephone: (866) 471-2526
Email: prospectus.CPDG@db.com Email: prospectus-ny@ny.email.gs.com
Credit Suisse RBC Capital Markets
Attn: Prospectus Department Attn: Equity Syndicate
One Madison Avenue Three World Financial Center
New York, NY 10010 200 Vesey St., 8th Floor
Telephone: (800) 221-1037 New York, NY 10281-8089
Email: newyork.prospectus@credit-suisse.com Phone: (877) 822-4089
Email: equityprospectus@rbccm.com
You may also obtain a copy of the prospectus free of charge by visiting the website maintained by the Securities and Exchange Commission ("SEC"), www.sec.gov, and searching under the registrant's name, "CONE Midstream Partners LP."
The registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About CONE Midstream Partners
CONE Midstream Partners is a growth-oriented master limited partnership recently formed by CONSOL and Noble Energy, whom we refer to as our Sponsors, to own, operate, develop and acquire natural gas gathering and other midstream energy assets to service our Sponsors' rapidly growing production in the Marcellus Shale in Pennsylvania and West Virginia. Our initial assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the prospectus included in the registration statement on Form S-1, in the form last filed with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.
SOURCE Noble Energy
