Pioneer Natural Resources Company announced today the early results of Pioneer’s previously announced cash tender offers to purchase any and all of the outstanding 5.625% Senior Notes due 2027 and 4.125% Senior Notes due 2028 of Parsley Energy, LLC, a Delaware limited liability company , and Parsley Finance Corp., a Delaware corporation from holders of each series of the Tender Offer Notes and solicitations of consents [...]
Pioneer Natural Resources Company today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. At the special meeting of Pioneer stockholders held today, more than 99% of the shares of Pioneer common stock voting at the special meeting were cast in favor [...]
Pioneer Natural Resources Company today announced its fourth quarter 2020 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 17, 2021. A conference call is scheduled for Thursday, February 18, 2021, at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation [...]
Pioneer Natural Resources Company today announced that Chief Executive Officer Scott Sheffield, will participate in a panel discussion at Goldman Sachs Global Energy Conference on Wednesday, January 6, 2021 at 12:15 p.m. Eastern Time. The live presentation will be available to the public via webcast - click here. Replays will be available using this link through Monday, February 8, 2021. Pioneer is a large independent oil [...]
Ninth paragraph, third sentence of release should read: The 5.250% Notes due 2025 will be redeemed at a redemption price of 103.938% of the outstanding aggregate principal amount. The updated release reads: Pioneer Natural Resources Company 5.625% SENIOR NOTES DUE 2027 AND 4.125% SENIOR NOTES DUE 2028 Parsley Energy, Inc. Issues Notice of Conditional Redemption for its 5.250% Senior Notes due 2025 and its 5.375% Senior [...]
Pioneer Natural Resources Company today announced that, in connection with the proposed Mergers described below, it has commenced cash tender offers to purchase any and all of the outstanding 5.625% Senior Notes due 2027 and 4.125% Senior Notes due 2028 of Parsley Energy, LLC, a Delaware limited liability company , and Parsley Finance Corp., a Delaware corporation from holders of each series of the Notes and solicitations [...]
Pioneer Natural Resources Company today announced that the special meeting of stockholders of the Company to approve the issuance of Pioneer common stock pursuant to the merger agreement among the Company, Parsley Energy, Inc. and certain subsidiaries of the Company and Parsley, and other shares of common stock of the Company reserved for issuance in connection with the transactions contemplated by the merger agreement [...]
Parsley Energy Inc. today announced that the special meeting of stockholders of Parsley Energy Inc. to approve the pending combination with Pioneer Natural Resources Company is scheduled to take place on January 12, 2021 at 9:00 am Central Time. The record date for Parsley stockholders entitled to vote at the Parsley special meeting is the close of business on December 7, 2020. Parsley Energy expects to file its [...]
Pioneer Natural Resources Company today announced the publication of its 2020 Sustainability Report, detailing the Company’s dedication and focus on environmental, social and governance programs. The report highlights enhanced disclosures on air emissions, health and safety metrics, diversity and inclusion initiatives, community engagement, board governance and additional detail on the steps Pioneer will take to integrate [...]
Pioneer Natural Resources Company announced today that its Board of Directors declared a quarterly cash dividend of $0.55 per share on Pioneer’s outstanding common stock. The dividend is payable January 14, 2021, to stockholders of record at the close of business on December 31, 2020. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the [...]
Pioneer Natural Resources Company today reported financial and operating results for the quarter ended September 30, 2020. Pioneer reported a third quarter net loss attributable to common stockholders of $20 million, or $0.12 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the third quarter was [...]
Pioneer Natural Resources Company and Parsley Energy, Inc. today announced that they have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. Under the terms of the agreement, Parsley shareholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for [...]