Pioneer, Oxy will monetize Eagle Ford, Bakken assets

摘要

Pioneer Natural Resources Co. (NYSE: PXD) is seeking buyers for Eagle Ford assets, according to Bloomberg. Similarly, Bloomberg reported Occidental Petroleum Corp. (NYSE: OXY) is seeking to sell oil assets in North Dakota for as much as $3 billion. Working with Citigroup Inc. and Tudor, Pickering, Holt & Co. to sell the assets for $4 billion or $4.5 billion, Pioneer lowered the asking price from $5 billion in August. The Irving, Texas-based company will focus on the Permian Basin, but no formal sale process has begun, Bloomberg said.