Bracewell Represents Pioneer Natural Resources in Sale of West Panhandle Assets

HOUSTON – Bracewell represented Pioneer Natural Resources Company (NYSE: PXD) in an agreement with an undisclosed buyer to sell all of its assets in the West Panhandle field in Texas.

The assets sold represent all of Pioneer’s interests in the field, including all of its producing wells and the associated infrastructure. Net production from the West Panhandle field averaged approximately 6,000 barrels of oil equivalent per day during the first quarter of 2018.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States.

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Bracewell lawyers involved in the transaction included:

Partners: G. Alan Rafte, Elizabeth L. McGinley, Matt Paulson and Bruce R. Jocz