Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’
Transaction Type
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
6.4BB
Description
Acquired the leasehold interests and related assets of DoublePoint Energy covering roughly 97,000 net acres in the Midland Basin in a cash and stock transaction that includes the assumption of $900 MM of debt and liabilities.