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Pioneer Natural Resources to merge with Parsley Energy in $4.5 billion deal

Christian Fernsby ▼ | October 21, 2020
Pioneer Natural Resources has reached a deal to take over oil and gas producer Parsley Energy for $4.5 billion.
Pioneer Natural Resources
Parsley Energy   Pioneer Natural Resources
Pioneer Natural Resources will acquire Parsley Energy through an all stock deal that values the latter's shares at a 7.9% premium.

Topics: Pioneer Natural Resources Parsley Energy

Through the acquisition, Pioneer Natural Resources will become one of the largest operators in the Permian Basin.


 

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