Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Hazloc Heaters

EnergyNow Showcase

U.S. shale producer Pioneer Natural to buy DoublePoint Energy in $6.4 billion deal


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

Pioneer said the acquired acreage is primarily undrilled and increases its acreage position to more than one million net acres with no exposure to federal lands.

This would be Pioneer’s second significant acquisition in just over five months, after announcing in October it would buy Parsley Energy for $4.5 billion.

U.S. shale companies are hunting for acquisitions again, as they look to position themselves for a recovery in oil prices.

The deal consists of about 27.2 million shares of Pioneer common stock, $1 billion of cash and the assumption of about $900 million of debt and liabilities.

Reuters had first reported about the deal earlier on Thursday.



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Becht
RAM Industries Inc.
Osperity
RHK Hydraulic Cylinder Services Inc.