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Pioneer Natural Resources Announces Closing of Sale of Tunisia
Subsidiaries to OMV for $866 Million
DALLAS, Feb 18, 2011 (BUSINESS WIRE) --
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that the Company closed its previously announced sale of all of the stock of Pioneer's Tunisia subsidiaries to a wholly-owned subsidiary of OMV AG for cash proceeds of $866 million, before normal closing adjustments. The transaction has an effective date of January 1, 2011.
Pioneer Natural Resources Company 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.pxd.com.
SOURCE: Pioneer Natural Resources Company
Pioneer Natural Resources
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