One-Page Deal Sheet
Pioneer Acquires Parsley Energy for $7.6B in 'Family Affair' Deal
Pioneer Natural Resources Co. Parsley Energy Inc.
Announced Date
October 20,2020
Close Date
January 12,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
7600
Asset/Basin:
["Permian", "Midland Basin", "Delaware Basin"]
TargetZones:
["Lower Spraberry",
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin,Permian - Midland Basin
Country
United States
State
Texas
County
Dawson ,Howard ,Midland ,Glasscock ,Ward ,Winkler ,Pecos ,Reeves ,Reagan ,Upton
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Pioneer Natural Resources Co. has agreed to acquire Parsley Energy Inc. in an all-stock transaction valued at approximately $4.5 billion, or $7.6 billion including debt.
This represents a 7.9% premium for Parsley. Parsley is backed by Quantum Energy Partners, which owns approximately 17% of Parsley's outstanding shares.
This deal closed on January 12, 2021.
Deep Family Ties Between Pioneer, ParsleyIt is important to note that Parsley's co-founder, Bryan Sheffield, is the son of Pioneer CEO Scott Sheffield. Parsley was formed after the younger Sheffield was gifted a tract of oil wells from…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | -  |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |