On November 8, 2017 Noble Energy announced the divestment of approximately 30,200 net acres of non-core DJ Basin acreage to SRC Energy for US$608 million. The majority of position consists of undeveloped land and non-operated production located in the Greeley Crescent area. This is the second time in recent years that SRC (Formerly Synergy Resources) has acquired DJ acreage from Noble. SRC has identified over 600 gross locations that are suitable for supporting mid (<7,500') to long (<10,000') range laterals. In this insight, we analyse the position and what the deal means for both companies.