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On the Record · Pioneer Natural Resources

Pioneer Natural Resources acquisitions, on the record

The businesses Pioneer Natural Resources bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Double Eagle III Midco 1 LLC ("DoublePoint")
Word for word“On May 4, 2021, the Company completed the acquisition of Double Eagle III Midco 1 LLC ("DoublePoint") in exchange for 27 million shares of Pioneer common stock representing stock consideration transferred of $4.2 billion, $1 billion of cash and the assumption of $890 million of debt (the "DoublePoint Acquisition").” 10-K for 2021
acquisitionOn May 4, 2021stock consideration transferred of $4.2 billion, $1 billion of cash and the assumption of $890 million of debt
Parsley Energy, Inc. ("Parsley")
Word for word“As a result, the Company issued 52 million shares of Pioneer common stock upon the consummation of the Parsley Acquisition, representing total stock consideration transferred of $6.9 billion.” 10-K for 2021
acquisition—total stock consideration transferred of $6.9 billion
Delaware Basin assets sold to Continental Resources, Inc. ("Continental")
Word for word“In December 2021, the Company completed the divestiture of all of its assets in the Delaware Basin (the "Delaware Divestiture") to Continental Resources, Inc. ("Continental") for cash proceeds of $3.1 billion, after normal closing adjustments.” 10-K for 2021
divestitureIn December 2021cash proceeds of $3.1 billion, after normal closing adjustments
Approximately 20,000 net acres in western Glasscock County sold to Laredo Petroleum, Inc. ("Laredo")
Word for word“In October 2021, the Company completed the sale of approximately 20,000 net acres in western Glasscock County (the "Glasscock Divestiture") to Laredo Petroleum, Inc. ("Laredo") in exchange for $137 million in cash and 960 thousand shares of Laredo's common stock representing total consideration transferred of $206 million, after normal closing adjustments.” 10-K for 2021
divestitureIn October 2021$137 million in cash and 960 thousand shares of Laredo's common stock representing total consideration transferred of $206 million, after normal closing adjustments
Well services business
Word for word“In March 2021, the Company sold its well services business (the "Well Services Divestiture") to a third party for (i) net cash proceeds of $20 million and (ii) up to $4 million of additional cash proceeds to be earned over the next three years.” 10-K for 2021
divestitureIn March 2021—
equity interest in certain gas gathering and processing systems in northern Martin County
Word for word“In February 2022, the Company completed the sale of its equity interest in certain gas gathering and processing systems in northern Martin County for cash proceeds of $125 million (the "Martin County Gas Processing Divestiture").” 10-K for 2022
divestitureFebruary 2022$125 million
Exxon Mobil Corporation
Word for word“On October 10, 2023, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Exxon Mobil Corporation, a New Jersey corporation ("ExxonMobil"), and a subsidiary of ExxonMobil, pursuant to which, and subject to the terms and conditions thereof, the Company will merge with the subsidiary and become a wholly-owned subsidiary of ExxonMobil (the "Merger").” 10-K for 2023
mergerOn October 10, 2023—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$428 million
2019-12-31$0
2020-12-31$0
2021-12-31$826 million
2022-12-31$0
2023-12-31$0

Deal filings since 2016

Read from Pioneer Natural Resources’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.