Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger

Transaction Type
Permian Basin; Delaware Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price

Acquired Permian pure-play Parsley Energy in an all-stock deal with a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley stock owned and the assumption of $3.1 B of debt; includes 248,000 net leasehold acres in the Midland and Delaware sub-basins.