Pioneer Natural Resources raises $827 million to fund West Texas development
Capital will fund pending acquisition of properties in Midland Basin, development Spraberry/Wolfcamp acreage Midland, Texas-based Pioneer Natural Resources Company announced Wednesday it has priced an underwritten public offering of 5.3 million shares of its common stock for gross proceeds of $827 million, sending shares down three per cent. Pioneer (NYSE:PXD) has granted the underwriters an option for 30 days to purchase […]
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