Pioneer Natural Resources to Sell Northeastern Martin County Acreage for $266 Million, Texas
Published: March 16, 2017 |
Pioneer Natural Resources Company has signed a purchase and sale agreement with an undisclosed buyer to sell an acreage package in northeastern Martin County, Texas, for $266 million. The sale is effective January 1, 2017. Current net production is approximately 1,500 barrels oil equivalent per day.
The northeastern Martin County acreage sale, when combined with previous acreage sales in Upton and Andrews counties and ongoing acreage trades, continues to advance the high-grading of Pioneer’s premier acreage position in the Midland Basin.
The sale is expected to close by the end of April 2017.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States.
To stop by Pioneer’s website, CLICK HERE
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