Recently, Hart Energy’s Jessica Morales sat down with Noble Royalties CEO Scott Noble to find out his path. Noble said he actually wanted to be a doctor when he first started planning for a career. But a bout with a queasy stomach steered him another way. Noble began working with his father, drilling and operating wells for 12 years.
Once it was time to sell, the payout wasn’t what he expected. "That gave me the idea, should I be buying production rather than trying to find production? That is when I started buying minerals in 1997. But, I have the mindset of a driller and I think that has been a huge advantage,” said Noble.
Gastar Exploration and Chisholm Oil and Gas, both of which are private equity backed, agreed to combine holdings in the Oklahoma Stack play for undisclosed terms.
There was no immediate claim of responsibility for the attack near Iraq’s southern city of Basra, the fourth time in a week that rockets have struck near U.S. installations.
The announcement, which occurred at an event in Mozambique, was widely expected after Anadarko in May flagged the decision date.