Pioneer Natural Resources Co.
Transactions
Continental Resources Enters Permian Basin in $3.25 Billion Expansion
Continental Resources Enters Permian Basin in $3.25 Billion Expansion
Marketed: Pioneer Natural Resources Ector County, Texas Leasehold
Marketed: Pioneer Natural Resources Ector County, Texas Leasehold
Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million
Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million
Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’
Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’
Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’
Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’
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New Financings
Announced that it has delivered notices of full redemption of all of its outstanding 0.750% senior notes…
Closed shelf registration in a new filing on June 30 that covers up to roughly 21.2 million…
Priced a public offering $750 million of 2024 notes, $750 million of 2026 notes and $1 billion of 2031…
Priced an upside offering of 0.250% convertible senior notes due 2025 that included an option to purchase…
U.S. shale producer Pioneer Natural Resources Co. (NYSE: PXD) said Dec. 13 it would buy back $2 billion…
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News
Oilfield Service Firms Keep Merging to Survive
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
Widening Bid-Ask Spread Slows US Oil M&A
After a two-year dealmaking frenzy, the U.S. oil M&A engine is stalling as wild price swings and geopolitical tremors unsettle both buyers and sellers. M&A experts tell Hart Energy it could be months before big-ticket oil deals regain momentum.
Formentera Drilling Two More Pearsall Wildcats After Initial Success
In their first 2.5 months online, Formentera Partners’ initial two tests are averaging more than 1,000 boe/d, according to Texas Railroad Commission data.
‘Just Frac It:’ E&Ps Find Oil, Gas Treasure Remaining in L48 Basins
Wildcatters are finding success in new Lower 48 plays including the Eagle Ford’s Pearsall, the Midland Basin’s Dean and the Utica. Continental Resources’ Harold Hamm said some plays have been picked over with little success but, “that doesn’t mean it’s not there.”
Crescent Energy Appoints Former Pioneer Exec Joey Hall as COO
Crescent Energy has chosen Joey Hall, who most recently served as executive vice president of operations at Pioneer Natural Resources and oversaw the Permian Basin and Eagle Ford Shale, as its new COO.
Buyers Scramble for Their Slice of the Haynesville
A natural gas demand wave approaches, but there’s precious little left in the market to buy in the coveted Haynesville Shale.
Ex-Parsley Team Re-Ups with Greenlake Energy II, Delaware Deal
NGP’s initial investment in Greenlake Energy II, headed by former Parsley Energy executives, includes closing an initial acquisition in the Delaware Basin.
New Exxon Proppant Tech Enhances Permian Basin Well Recovery
Lightweight proppants engineered from refinery coke are giving Exxon an up to 15% lift in Permian EURs. “We generally surprised ourselves with the improvements,” CEO Darren Woods said.
Dean, Dean and More Dean: Dawson Wells Reach 15 MMbbl Milestone
The sheet of tight Dean sandstone, up to 300 ft thick, that sits between Spraberry and Wolfcamp in the Midland Basin has already made more than 15 MMbbl since 2020 from just 43 wells in Dawson County alone. Here’s a look.
Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
Money Talks: Texas Capital Bank on How to Deploy Capital Amid Shrinkage
In an uncertain macro environment, caution is necessary in deploying capital, says Marc Graham, managing director and head of energy at Texas Capital Bank.
Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
E&Ps IP’ing 76%-Plus Oil from New Irion County Wells in Midland Basin
Drillers in Irion County are stepping up the pace this year, D&C’ing already as many wells as were brought online in all of 2024. The county has a “bad reputation” for being gassy but is showing up with 76%-plus oil wells.
FTC May Reconsider Hess, Sheffield Bans on Holding Board Seats
The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.
Exxon Sits on Undeveloped Haynesville Assets as Peers Jockey for Inventory
Exxon Mobil still quietly holds hundreds of locations in the Haynesville Shale, where buyer interest is strong and inventory is scarce.