Pioneer Natural Resources Aggregation PXD, 1.02% (“Pioneer” or “the Company”) today appear that it has active a acquirement and auction acceding with an bearding third affair to advertise about 2,900 net acreage in the Sinor Nest (Lower Wilcox) acreage for net gain of $132 million, accountable to accustomed closing adjustments. The transaction is accepted to aing during the fourth division of 2018, accountable to the achievement of accepted closing conditions.
The acreage is amid in Live Oak County, Texas, and averaged net assembly of about 3,100 barrels of oil agnate per day during the additional division of 2018. The assets actuality awash represent all of Pioneer’s interests in the field, including all of its bearing wells and the associated infrastructure.
Pioneer is a ample absolute oil and gas analysis and assembly company, headquartered in Dallas, Texas, with operations in the United States. For added information, appointment www.pxd.com.
Except for absolute advice independent herein, the statements in this account absolution are advanced statements that are fabricated pursuant to the Safe Harbor Provisions of the Private Securities Action Reform Act of 1995. Advanced statements and the business affairs of Pioneer are accountable to a cardinal of risks and uncertainties that may account Pioneer’s absolute after-effects in approaching periods to alter materially from the advanced statements. These risks and uncertainties include, amid added things, animation of article prices, government adjustment or action, the adeptness to access approvals from third parties and accommodate agreements with third parties on mutually adequate terms, achievement of planned divestitures and litigation. These and added risks are declared in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and added filings with the Securities and Exchange Commission. In addition, the Aggregation may be accountable to currently abrupt risks that may accept a materially adverse appulse on it. Accordingly, no assurances can be accustomed that the absolute contest and after-effects will not be materially altered than the advancing after-effects declared in the advanced statements. Pioneer undertakes no assignment to about amend these statements except as appropriate by law.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20181031005173/en/
SOURCE: Pioneer Natural Resources Aggregation
Pioneer Natural Resources Investors Neal Shah, 972-969-3900 or Tom Fitter, 972-969-1821 or Michael McNamara, 972-969-3592 or Media and Public Affairs Tadd Owens, 972-969-5760 or Robert Bobo, 972-969-4020
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