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$PXD Pioneer Natural Resources sells West Panh

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Post# of 36243
(Total Views: 372)
Posted On: 07/31/2018 10:42:01 AM
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Posted By: JettLoneStar
$PXD

Pioneer Natural Resources sells West Panhandle field assets for $201M

Pioneer Natural Resources (NYSEXD) agrees to sell all of its assets in the West Panhandle field in Texas to an undisclosed buyer for $201M.

PXD says the assets being sold represent all of its interests in the West Panhandle field, including all of its producing wells and the associated infrastructure; net production from the field averaged ~6K boe/day during Q1.

In an operations update, PXD says it transported 165K bbl/day of oil to the Gulf Coast where it was sold into either the Gulf Coast refinery market or exported to international refinery markets.


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