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Pioneer Natural Resources Announces Public Offering of Common Stock
Pioneer expects to use the net proceeds from this offering for general
corporate purposes, including the acceleration of horizontal appraisal
drilling in the northern portion of the Company’s highly prospective
Wolfcamp/Spraberry acreage position in
The offering is being made pursuant to an effective shelf registration
statement filed with the
These documents will be filed with the
This news release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Pioneer is a large independent oil and gas exploration and production
company, headquartered in
Except for historical information contained herein, the statements in
this news release related to Pioneer's public offering of common stock
are forward-looking statements that are made in reliance on the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements of Pioneer are subject to a number of
risks and uncertainties that may cause Pioneer's actual results in
future periods to differ materially from the forward-looking statements.
These and other risks are described in Pioneer's annual, quarterly and
other reports filed with the
Pioneer Natural Resources
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