Pioneer Natural Resources Co. - 2013-02-14

Priced a public offering of its common stock at US $128 per share. The offering has been upsized from 8 million shares to 9 million. Net proceeds will be used for general corporate purposes, including the acceleration of horizontal appraisal drilling in the northern portion of the company’s Wolfcamp/Spraberry acreage position in West Texas. Pending such use, a portion will be used to repay the outstanding borrowings under the company’s credit facility, with the remaining proceeds to be invested in money-market funds or US treasuries. Citigroup, Goldman, Sachs & Co., J.P. Morgan and RBC Capital Markets are joint book-running managers.