KEYFACT Energy
Pioneer Natural Resources Company 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.
As previously announced, at the closing, the Company 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.
KeyFacts Energy: Pioneer Natural Resources US onshore country profile