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Pioneer Natural Resources Co updates on sale agreement for Alaska Subsidiary


Thursday, 13 Mar 2014 04:30pm EDT 

Pioneer Natural Resources Co:Entered into an amendment to purchase and sale agreement with Caelus Energy Alaska LLC.Selling 100pct of the equity in Pioneer's subsidiary, Pioneer Natural Resources Alaska, Inc.At closing it will receive cash in the amount of $300 mln.Transaction, as amended, will have an effective date of Jan. 1 and it is expected to close during the second quarter. 

Company Quote

143.23
-17.58 -10.93%
1:03pm EST