0000000000-20-000267.txt : 20200302 0000000000-20-000267.hdr.sgml : 20200302 20200110152013 ACCESSION NUMBER: 0000000000-20-000267 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200110 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Noble Midstream Partners LP CENTRAL INDEX KEY: 0001647513 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 473011449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 1001 NOBLE ENERGY WAY CITY: HOUSTON STATE: TX ZIP: 77070 BUSINESS PHONE: 281-872-3100 MAIL ADDRESS: STREET 1: 1001 NOBLE ENERGY WAY CITY: HOUSTON STATE: TX ZIP: 77070 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-19-321030 LETTER 1 filename1.pdf begin 644 filename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Smolik Chief Executive Officer and Director Noble Midstream Partners LP 1001 Noble Energy Way Houston, TX 77070 Re: Noble Midstream Partners LP Registration Statement on Form S-3 Filed December 20, 2019 File No. 333-235652 Dear Mr. Smolik: We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Registration Statement on Form S-3 Our Partnership Agreement Applicable Law; Exclusive Forum, page 19 1. We note that the forum selection provision set forth in Section 16.9(b)(i) of your partnership agreement identifies the Court of Chancery of the State of Delaware (or if such court does not have jurisdiction, any other court in the State of Delaware having jurisdiction) as the exclusive forum for certain litigation, including any such matter "brought in a derivative manner on behalf of the Partnership." We further note the references in Sections 16.9(b)(ii) and (b)(iii) to the "jurisdiction of the courts of the State of Delaware," which could be interpreted as referring only to state courts. Please disclose whether your forum selection provision applies to actions arising under the Securities Act or Exchange Act and also whether the references are intended to be limited to state Brent J. Smolik Noble Midstream Partners LP January 10, 2020 Page 2 courts. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. 2. If the forum selection provision applies to Securities Act claims, please also revise your prospectus to state that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In addition, please expand your risk factor disclosure regarding the impact of your forum selection provision on those holding beneficial interests in the Partnership, including that investors may be subject to increased costs to bring a claim. 3. We note your disclosure that your partnership agreement includes a waiver of the right to trial by jury. Please revise your prospectus to address related risks and any uncertainty about enforceability. If the provision extends to claims under the federal securities law, please revise your prospectus to state that investors cannot waive compliance with the federal securities laws and rules and regulations promulgated thereunder. If the provision does not apply to claims under the federal securities laws, your prospectus should clearly state so. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Irene Barberena-Meissner, Staff Attorney, at 202-551-6548 or Lauren Nguyen, Legal Branch Chief, at 202-551-3642 with any questions. Sincerely, FirstName LastNameBrent J. Smolik Division of Corporation Finance Comapany NameNoble Midstream Partners LP Office of Energy & Transportation January 10, 2020 Page 2 cc: Ramey Layne, Esq. FirstName LastName