Chevron first offered to buy the remainder of Noble Midstream’s stock in early February at a valuation of $1.12 billion, months after it closed its acquisition of Noble Energy last fall for $5 billion in the first major oil and gas acquisition since the pandemic threw the industry into turmoil. Before that buyout, the Houston-based Noble was the second-largest energy producer in Weld County. Noble Midstream was set up as a sister company to store and transfer oil and gas produced in Northern Colorado and the Permian Basin in Texas to a refinery in Oklahoma. It serves about 300,000 acres of oilfields in Northern Colorado, including the Greeley Crescent, Wells Ranch, Bronco and Mustang fields along the Front Range.