One-Page Deal Sheet
Pioneer Natural to Acquire Spraberry-Focused Pioneer Southwest
Pioneer Natural Resources Co. Pioneer Southwest Energy Partners L.P.
Announced Date
August 12,2013
Effective Date
December 17,2013
Close Date
December 17,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
750
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Pioneer Natural Resources Company and Pioneer Southwest Energy Partners L.P. have reported the execution of a definitive agreement and plan of merger that would result in a merger whereby Pioneer Southwest would become a wholly-owned subsidiary of Pioneer’s operating company, Pioneer Natural Resources USA, Inc., through a stock-for-unit exchange.
Under the terms of the Merger Agreement, Pioneer Southwest’s public unitholders would receive 0.2325 of a share of common stock of Pioneer per Pioneer Southwest common unit surrendered pursuant to the Merger Agreement, plus a whole share of Pioneer…
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