Pioneer Natural Resources Co. (PXD) Posts Q2 EPS of 41c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/2/2026

1. INTC
2. AMZN
3. COIN
4. RDDT
5. PINS
6. FSLR
7. DASH
8. SYK
9. MA
10. FND

Go back to Pioneer Natural Resources Co. (PXD) Posts Q2 EPS of 41c

LINN Energy Announces $340 Million Acquisition From Pioneer Natural Resources

August 4, 2014 4:09 PM EDT

HOUSTON, Aug. 4, 2014 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq: LINE) ("LINN" or "the Company") and LinnCo, LLC (Nasdaq: LNCO) ("LinnCo") announced today that LINN has signed a definitive purchase agreement to acquire assets in the Hugoton Basin from Pioneer Natural Resources Company (NYSE: PXD) ("Pioneer") for a contract price of $340 million. The assets are currently producing approximately 40 MMcfe/d, approximately 60 percent of which is natural gas, with a shallow base decline of approximately six percent. Total proved reserves are estimated to be approximately 340 Bcfe... More