Pioneer Natural Resources announces closing of sale of Alaska subsidiary to Caelus Energy Alaska

Wednesday, April 16, 2014
  • 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.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Oil decline: Price makes the story
    So oft in theologic wars, The disputants, I ween, Rail on in utter ignorance Of what each other mean, And prate about an Elephant Not one of them has seen! -- The B ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Oil price, Shell, Tullow, Faroe, San Leon and finally...

by Malcolm Graham-Wood

Read More »