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Pioneer Natural Resources Company Announces Plans to Divest South Texas, Raton and West Panhandle Assets
Pioneer’s predominant asset in
The Raton assets being sold represent all of Pioneer’s interests in the field, including all of its producing gas wells and all other associated infrastructure. Net production from Raton averaged approximately 86 million cubic feet of gas per day during the fourth quarter of 2017.
The West Panhandle properties are located in the panhandle region of
Pioneer expects to open data rooms for the planned divestitures later in the first quarter of 2018.
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 are forward-looking statements that are made pursuant
to the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995.Forward-looking statements and the business
prospects 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 risks and
uncertainties include, among other things, volatility of commodity
prices, government regulation or action, the ability to obtain approvals
from governmental agencies or other third parties and negotiate
agreements with third parties on mutually acceptable terms, completion
of planned divestitures and litigation. These and other risks are
described in the Company's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other filings with the
Pioneer Natural Resources Contacts:
Copyright West LLC. Minimum 15 minutes delayed.