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
| Business | Deal | When | Value |
|---|---|---|---|
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 | acquisition | On May 4, 2021 | stock 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 | divestiture | In December 2021 | cash 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 | divestiture | In 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 businessWord 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 | divestiture | In March 2021 | — |
equity interest in certain gas gathering and processing systems in northern Martin CountyWord 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 | divestiture | February 2022 | $125 million |
Exxon Mobil CorporationWord 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 | merger | On October 10, 2023 | — |
| Fiscal year ended | Cash 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
- 2024-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-01-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
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.