Pioneer Natural Resources announces closing of sale of Alaska subsidiary to Caelus Energy Alaska
- The Company expects to recognize a noncash loss of approximately $30 million associated with the sale when it reports earnings for the first quarter of 2014.
Pioneer Natural Resources Company (NYSE:PXD) announced that the Company closed its previously announced sale of its Alaska subsidiary to Caelus Energy Alaska LLC for cash proceeds of $300 million, subject to normal closing adjustments, plus other consideration. The Company expects to recognize a noncash loss of approximately $30 million associated with the sale when it reports earnings for the first quarter of 2014.
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Pioneer Natural Resources
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