Pioneer Natural Resources (PXD) in Talks to Acquire Parsley Energy (PE) in All-Stock Deal - WSJ

Pioneer Natural Resources (NYSE: PXD) is in talks to acquire Parsley Energy (NYSE: PE) in an all-stock deal, the Wall Street Journal reported citing people familiar with the matter.

If the deal is consummated it would follow Monday's all-stock deal between ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) and become the third all-stock deal in the oil patch in the last few weeks.

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