Pioneer Natural Resources Co. (NYSE: PXD) announced Sept. 24 it closed the sale of its Barnett Shale assets in North Texas to an undisclosed private party for $155 million in cash.
Net production from the Barnett Shale averaged about 10,300 barrels oil equivalent per day during the first six months of 2014, consisting of oil, NGLs and gas.
The financial and operating results related to Dallas-based Pioneer’s Barnett Shale activities have been reflected as discontinued operations since the fourth quarter of 2013 when Pioneer announced that it planned to sell these assets. The transaction has an effective date of Aug. 1.
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