John Bookout, the CFO of Noble Midstream Partners, has resigned to pursue another (as yet undisclosed) opportunity. The resignation was effective June 28, 2019.
Noble Midstream (market cap $1.35 billion) was formed in 2014 and spun off by its parent company, Noble Energy, in an Initial Public Offering in September 2016. It operates midstream assets in the Delaware Basin of the Permian and the DJ Basin in Colorado. It has its head office with Noble Energy in NW Houston.
Noble Midstream Partners still gets 57% of its total revenues from Noble Energy, who still own a 45% partnership interest in them.
This Reuters report from April indicated that the company had been put up for sale by Noble Energy. In early May, the company indicated that a strategic review was taking place but there have been no public announcements since then.
Mr Bookout became the CFO in October 2015, having joined Noble in July 2014.
Thomas Christensen has been appointed interim CFO. He has been the Chief Accounting Officer since August 2016. He previously worked in the Treasury Department of Noble. Mr Christensen joined Rosetta Resources in September 2009 which Noble acquired in July 2015.
Mr Bookout’s father, John F Bookout III is a Partner at Apollo Global Management. He was recently elected a non-executive director at McDermott International.