UPDATE 1-Noble Energy to sell 50 pct stake in Cone Gathering
May 18, 2017 at 09:01 AM EDT
May 18 (Reuters) - Noble Energy Inc said it would sell its 50 percent stake in privately-held Cone Gathering LLC to Quantum Energy Partners for $765 million in cash, as the U.S. oil and gas producer looks to shift its focus to low-cost drilling in oil-rich basins.