Pioneer Natural Resources to acquire Parsley Energy for $4.5b as Permian consolidates

摘要

Houston-Leading Midland Basin producer Pioneer Natural Resources said it will acquire Parsley Energy for about $4.5 billion in a deal linked through the Sheffield family as the Permian Basin continues to consolidate. Pioneer CEO Scott Sheffield announced the deal late on Oct. 20 that will merge his company with the Austin-based producer founded and chaired by his son, Bryan Sheffield. The deal would strengthen Pioneer as the top Midland Basin player while also diversifying with more acreage in the Permian's Delaware Basin, potentially making Pioneer the top overall producer in the Permian and definitely the biggest independent, Permian pure play.