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Pioneer Natural Resources Co Announces Sale Of Alaska Subsidiary To Caelus Energy Alaska


Friday, 25 Oct 2013 08:40am EDT 

Pioneer Natural Resources Co announced that the Company has entered into a purchase and sale agreement with Caelus Energy Alaska LLC to sell 100% of the equity in Pioneer's subsidiary, Pioneer Natural Resources Alaska, Inc., for cash proceeds of $550 million, subject to normal closing adjustments. The transaction has an effective date of October 1, 2013 and is expected to close by the end of the year.