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December 17, 2013
11:41 EDTPSE, PXDPioneer Natural completes merger of Pioneer Southwest
Pioneer Natural Resources (PXD) and Pioneer Southwest Energy Partners (PSE) jointly announced the completion of the merger of Pioneer Southwest with a unit Pioneer, with Pioneer Southwest surviving the merger as an indirect wholly-owned subsidiary of Pioneer. Under the merger agreement, each Pioneer Southwest unitholder eligible to receive the merger consideration will receive 0.2325 of a share of Pioneer common stock for each Pioneer Southwest common unit owned by such unitholder, plus, after aggregating all fractions of shares to which such unitholder would be entitled, a whole share of Pioneer common stock in lieu of any fractional share of Pioneer common stock otherwise issuable to such unitholder in the merger. As a result of the completion of the merger, common units of Pioneer Southwest will cease trading at the close of business. Shares of Pioneer common stock will continue to be traded on the New York Stock Exchange under the ticker symbol “PXD.” The consolidation of the properties of Pioneer and Pioneer Southwest in the Midland Basin in West Texas pursuant to the merger is expected to facilitate Pioneer’s plans to develop the area utilizing horizontal drilling.
News For PXD;PSE From The Last 14 Days
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November 17, 2015
08:39 EDTPXDPioneer Natural most likely large-cap E&P takeover candidate, says Canaccord
Canaccord believes Pioneer Natural (PXD) would be the most likely large cap takeover candidate in the E&P space, but said there is no way a major could make it an immediately accretive asset. The firm also thinks Callon Petroleum (CPE) would be the most likely small to mid-cap acquisition candidate given its high quality core Midland acreage and relatively cheap valuation.

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