Tag: acreage acquisition

Permian Basin News: Pioneer Natural Resources acquires Midland Basin acreage

Pioneer expects to use 3 horizontal rigs to drill the newly added Sale Ranch area locations DALLAS – Pioneer Natural Resources Company announced that they closed the acquisition of approximately 28,000 net acres in the Midland Basin from Devon Energy for $435 million, according to a press release. The acreage is located in Martin, Midland, Upton, Reagan, Glasscock, Andrews, Dawson, Gaines and […]