parsley energy headquarters

Pioneer plans to cut costs by combining water resources, refinancing debt and streamlining operations. CONSOLIDATION: What a deal for rival Concho could mean for ConocoPhillips. The combined company will be one of the largest independent Permian producers with access to 930,000 acres in the Midland and Delaware basins. The total value, inclusive of Parsley debt assumed by Pioneer, is $7.6 billion. Rosneft Oil Co. approved the sale of a 10% stake in Vostok Oil LLC to Trafigura Pte. The combined company will have a value of $23.9 billion. Neal Shah - 972-969-3900 DALLAS & AUSTIN, Texas--(BUSINESS WIRE)-- This replay will be available through November 20, 2020. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Additionally, based on year-end 2019 proved reserves, this transaction will increase Pioneer’s proved reserves by approximately 65%. Internet: Ltd. Parsley’s largest investor, Quantum Energy Partners, which owns approximately 17% of Parsley’s outstanding shares, has executed a Voting and Support Agreement in connection with the transaction. Vaalco Energy Inc. agreed to acquire a 27.8% working interest in the Etame Marin block and 40% in Block DE-8, offshore Gabon, from Sasol Gabon SA for $44 million plus future contingent payments of up to $6 million. The Joint Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Pioneer or Parsley with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at or free of charge from Pioneer at or by directing a request to Pioneer’s Investor Relations Department at or free of charge from Parsley at or by directing a request to Parsley’s Investor Relations Department at for 35.7% acquisition of BM-C-30 Block (Wahoo) and 60% of BM-C-32 Block (Itaipu) in the Campos basin presalt. Petrobras has begun the non-binding phase to sell onshore production concessions in various cities in the state of Sergipe, onshore Brazil, jointly called the Carmópolis cluster. Instructions for listening to the call and viewing the accompanying presentation are shown below. Top-Tier Balance Sheet – Pioneer’s pro forma leverage will remain among the lowest in the industry, preserving the Company’s financial flexibility and allowing for significant return of capital to shareholders. Tom Fitter - 972-969-1821 Sustainable free cash flow and growing return of capital are now investment prerequisites for the energy sector and this combination strengthens those paths for our shareholders. The contract has a fixed period of 4 years and includes an option for a 2-year extension. Pioneer intends to file a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Joint Proxy Statement/Prospectus will be included. Pioneer will issue about 52 million shares of common stock in the transaction. Parsley Energy has its headquarters in downtown Austin but also has substantial operations in Midland and Fort Stockton. Pioneer Natural Resources Co. agreed to acquire Parsley Energy Inc. in an all-stock transaction valued at $4.5 billion as of Oct. 19, 2020. Operational savings are expected to be driven by the utilization of shared facilities, overlapping operations, scale efficiencies, and benefits provided by Pioneer’s water infrastructure. The definitive Joint Proxy Statement/Prospectus will be mailed to Pioneer’s stockholders and Parsley’s stockholders when available. Upon closing of the transaction, Pioneer’s Board of Directors will be expanded to thirteen to include Matt Gallagher, Parsley’s President and CEO, and A.R. With neighboring acreage positions located entirely in the low-cost, high-margin Permian Basin, the industrial logic of this transaction is sound. These filings also can be obtained from the SEC by calling 1-800-SEC-0330. Cautionary Statement Regarding Forward-Looking Information. Pioneer Natural Resources Co. (NYSE: PXD) will acquire Austin-based Parsley Energy Inc. (NYSE: PE) in an all-stock transaction valued at $4.5 billion. The total value, inclusive of Parsley debt assumed by Pioneer, is $7.6 billion. View the full release here: Pioneer, Parsley and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the proposed transaction. Alameddine, Parsley’s lead director. We look forward to integrating Parsley into Pioneer and continuing our history of strong execution.”, Matt Gallagher, Parsley's President and CEO stated, “The combination of Parsley and Pioneer creates an organization set to thrive as we forge a strong new link at the low end of the global cost curve. We look forward to partnering with the Pioneer team as they cement their position as the premier independent E&P.”. Parsley Energy has offices in Midland and Austin. Pioneer Natural Resources plans to acquire rival Parsley Energy in an all stock deal valued at $4.5 billion, creating a powerhouse in the Permian Basin of West Texas. Pioneer Natural Resources plans to acquire rival Parsley Energy in an all stock deal valued at $4.5 billion, creating a powerhouse in the Permian Basin of West Texas. Download this Assa Abloy White Paper now! View source version on, Pioneer Natural Resources Company Contacts: Dan Guill – 512-505-5199, Media and Public Affairs In connection with this transaction, Pioneer has retained Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as financial advisors and Gibson, Dunn & Crutcher LLP as a legal advisor. Pioneer’s executive team will lead the combined company and operate out of its Dallas headquarters. © 2020, Nasdaq, Inc. All Rights Reserved. Investors since 2018 have pulled out of the energy sector, the worst performer of the S&P 500 stock index. Already in decline, Australia’s oil and gas workforce saw a loss of over 28,000 jobs—one quarter of the country’s total count—due to the COVID-19 pandemic this year, according to Rystad Energy. Kyle Rhodes – 512-505-5199 The nominations of Allison Clements and Mark Christie to be commissioners on the Federal Energy Regulatory Commission (FERC) advanced to the full Senate on voice votes Nov. 18 by the Senate Energy and Natural Resources Committee. Scott D. Sheffield, Pioneer’s President and CEO stated, “This transaction creates an unmatched independent energy company by combining two complementary and premier Permian assets, further strengthening Pioneer’s leadership position within the upstream energy sector. Information regarding Parsley’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 6, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. Scott Sheffield, CEO of Pioneer Natural Resources, in portrait Wednesday, Feb. 18, 2015 at the Pioneer building on N. Big Spring in Midland. var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\.

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