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Pioneer Announces Completion of Redemption of Notes
DALLAS, Mar 15, 2010 (BUSINESS WIRE) -- Pioneer Natural Resources Company (NYSE:PXD) announcedthat today it has redeemed for cash all of its outstanding 5.875% Senior Notes due 2012 originally issued as 5.875% Senior Subordinated Notes due 2012 by Evergreen Resources, Inc. (the "Notes"). The Notes were redeemed for a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, March 15, 2010. In total, Pioneer paid approximately $6.3 million in connection with the redemption of the Notes.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States. For more information, visit Pioneer's website at www.pioneernrc.com.
SOURCE: Pioneer Natural Resources Company
Pioneer Natural Resources
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