Pioneer Natural Resources Closed Sale of Barnett Shale Assets

Source: www.gulfoilandgas.com 9/24/2014, Location: North America

Pioneer Natural Resources Company closed the previously announced sale of its Barnett Shale assets in North Texas to an undisclosed private party for cash proceeds of $155 million, subject to normal closing adjustments. The transaction has an effective date of August 1, 2014.

The financial and operating results related to 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. Net production from the Barnett Shale averaged approximately 10,300 barrels oil equivalent per day during the first six months of 2014, consisting of oil, natural gas liquids and gas.




Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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