Welcome to our dedicated page for Pioneer Natural Resource Co. news (Ticker: PXD), a resource for investors and traders seeking the latest updates and insights on Pioneer Natural Resource Co. stock.
Pioneer Natural Resources Co. (NYSE: PXD) is a prominent independent exploration and production company headquartered in Irving, Texas. Specializing in oil and natural gas, Pioneer focuses on delivering competitive and sustainable results to meet global energy demands responsibly. With a strong emphasis on innovation and operational excellence, the company owns and operates frac fleets, drilling rigs, and coil tubing units to streamline its production processes.
Pioneer's operations are primarily concentrated in some of the most resource-rich areas of the United States, including the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton Basin in Southeastern Colorado, and the West Texas Panhandle gas field. These strategic locations enable the company to efficiently extract and produce hydrocarbons, thereby enhancing its financial performance and market presence.
The company is dedicated to fostering a culture of respect, teamwork, and personal accountability among its employees. This environment encourages open communication, drives innovation, and ensures a commitment to health and safety. Pioneer’s entrepreneurial spirit is evident in its continuous efforts to optimize operations and achieve excellence across the board.
Recent achievements highlight Pioneer's robust financial health and strategic partnerships. The company has successfully implemented new technologies and methodologies to increase production efficiency and minimize environmental impact. Investors and stakeholders can expect ongoing updates about the latest projects, achievements, and significant developments impacting the company's performance and growth trajectory.
For more detailed and current information, including the latest news and updates, visit the Pioneer Natural Resources Company section on StockTitan.
Pioneer Natural Resources Company (NYSE:PXD) announced a public offering of Senior Notes due 2024, 2026, and 2031. The proceeds will refinance certain senior notes from Parsley Energy and support general corporate activities. Key redemptions include approximately $1.13 billion for 5.375% and 5.250% Senior Notes due 2025, and about $515.8 million for 5.875% Senior Notes due 2026. Additionally, cash tender offers for Parsley Issuers' 5.625% and 4.125% Senior Notes are underway, with valid tenders amounting to $775 million. The Offering's success is contingent on financing conditions.
Pioneer Natural Resources Company (NYSE:PXD) announced early results for its cash tender offers to purchase outstanding Senior Notes from Parsley Energy. As of January 13, 2021, approximately $520.4 million of the 5.625% Senior Notes due 2027 (74.35% of total) and $254.6 million of the 4.125% Senior Notes due 2028 (63.75% of total) were tendered. The Tender Offers, expiring January 28, 2021, require the completion of a merger agreement that closed on January 12, 2021, making the issuers wholly owned subsidiaries of Pioneer. Payment for notes is expected around January 29, 2021.
Pioneer Natural Resources Company (NYSE:PXD) has completed its acquisition of Parsley Energy, Inc. (NYSE:PE) following overwhelming approval from stockholders. Over 99% of Pioneer and approximately 89% of Parsley stockholders voted in favor of the all-stock transaction. Parsley stockholders will receive 0.1252 shares of Pioneer stock for each share owned. Following the acquisition, Parsley Class A common stock will be delisted. This transaction is anticipated to enhance Pioneer’s free cash flow profile and strengthen return of capital to shareholders.
Pioneer Natural Resources Company (PXD) has announced the release of its fourth quarter 2020 earnings report, set to be published on February 17, 2021, after market close. A conference call to discuss these results will occur the following day, February 18, 2021, at 9:00 a.m. Central Time. Interested parties can listen via the company's website or by telephone. A replay of the call will be available until March 15, 2021. Pioneer is a leading independent oil and gas company based in Dallas, Texas.
Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will participate in a panel discussion at the Goldman Sachs Global Energy Conference on January 6, 2021, at 12:15 p.m. Eastern Time.
The event will be accessible to the public via a live webcast, with replays available until February 8, 2021. Pioneer is a leading independent oil and gas exploration and production firm based in Dallas, Texas. For more information, visit www.pxd.com.
Pioneer Natural Resources Company (NYSE: PXD) has initiated cash tender offers to acquire all outstanding 5.625% Senior Notes due 2027 and 4.125% Senior Notes due 2028 from Parsley Energy, LLC and Parsley Finance Corp. The offers are contingent upon the completion of the anticipated merger between Pioneer and Parsley, expected to close around January 12, 2021. The total consideration for the 2027 Notes is $1,098.75 and for the 2028 Notes is $1,067.50, including an early tender premium. The offers expire on January 28, 2021, unless extended.
Pioneer Natural Resources Company (NYSE:PXD) announced a special meeting for stockholders on January 12, 2021, to vote on the issuance of common stock related to its acquisition of Parsley Energy, Inc. This all-stock transaction will entail Parsley stockholders receiving 0.1252 shares of Pioneer common stock per share of Parsley. The record date for voting is December 7, 2020. A definitive joint proxy statement will be filed with the SEC, providing further details about the merger.
Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly cash dividend of $0.55 per share on its common stock. This dividend is scheduled for payment on January 14, 2021, to stockholders of record by the close of business on December 31, 2020. As a significant player in the oil and gas sector, Pioneer continues to demonstrate financial commitment to its shareholders through consistent dividend payments.
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