Pioneer Natural Resources Company recently announced that it has completed its previously announced acquisition of the leasehold interests and related assets of DoublePoint Energy in the Midland Basin, adding approximately 97,000 high-return, highly contiguous net acres in the core of the Midland Basin.(Photo quoted from Yahoo’s image)
As previously announced, at the closing, Pioneer Natural Resources paid the seller total consideration of $6.2 billion, including $1.0 billion in cash, issuing 27.2 million shares of Pioneer common stock and assuming $890 million of debt.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States.
(IRuniverse)
