Noble Midstream Partners LP Announces Pricing of Common Unit Offering

HOUSTON–(BUSINESS WIRE)–Noble Midstream Partners LP (NYSE:NBLX) (“Noble Midstream” or the
“Partnership”) today announced it has priced its previously announced
underwritten public offering of 3,200,000 common units for total gross
proceeds (before underwriters’ compensation and estimated expenses) of
approximately $154.2 million. The offering is scheduled to close on
December 15, 2017, subject to satisfaction of customary closing
conditions. Noble Midstream also granted the underwriters a 30-day
option to purchase up to an aggregate of 480,000 additional common
units. The Partnership currently intends to use the net proceeds from
the offering, including any exercise of the underwriters’ option to
purchase additional units, to fund a portion of the purchase price for
the Partnership’s previously announced acquisition of Saddle Butte
Rockies Midstream, LLC and affiliates and to pay related fees and
expenses. The proceeds will be temporarily used to reduce borrowings
under the Partnership’s revolving credit facility until proceeds are
needed for the closing of the acquisition.

The underwriters intend to offer the common units for sale from time to
time in one or more transactions (which may include block transactions),
to purchasers directly or through agents, or through brokers in
brokerage transactions on the New York Stock Exchange, or to dealers, in
negotiated transactions or in combination of such methods of sale, at a
fixed price or prices, which may be changed, or at market prices
prevailing at the time of sale, at prices related to such prevailing
market prices or at negotiated prices.

Citigroup is acting as the sole book-running manager for the offering.
When available, copies of the prospectus supplement and accompanying
prospectus relating to the offering may be obtained by contacting
Citigroup at Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146).

You may also obtain these documents for free when they are available by
visiting the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of a prospectus and
related prospectus supplement meeting the requirements of Section 10 of
the Securities Act of 1933, as amended. The offering will be made
pursuant to an effective shelf registration statement and prospectus
filed by Noble Midstream with the SEC.

Noble Midstream Partners LP is a growth-oriented master limited
partnership formed by Noble Energy, Inc., to own, operate, develop and
acquire a wide range of domestic midstream infrastructure assets. The
Partnership’s areas of focus are in the DJ Basin in Colorado and the
Delaware Basin in Texas.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements regarding future
events, including the size, timing and results of the offering and the
consummation of the acquisition. All forward-looking statements are
based on the Partnership’s beliefs as well as assumptions made by and
information currently available to the Partnership. These statements
reflect the Partnership’s current views with respect to future events
and are subject to various risks, uncertainties and assumptions. These
risks, uncertainties and assumptions are discussed in the Partnership’s
2016 Annual Report on Form 10-K and subsequent filings with the SEC. The
Partnership undertakes no obligation to update or revise any
forward-looking statement except as may be required by applicable law.

Contacts

Noble Midstream Partners LP
Chris Hickman, 281-943-1622
VP,
Investor Relations
[email protected]