Bracewell Represents Pioneer Natural Resources in a $905 Million 364-day Revolving Credit Facility

HOUSTON – Bracewell LLP represented Pioneer Natural Resources, as borrower, in a $905 million 364-day revolving credit facility with Wells Fargo Bank, NA as administrative agent and lead arranger. Pioneer has the option to increase the amount of the facility by an additional $95 million for a total of $1 billion, subject to, among other things, additional lenders providing additional commitments and loans.

Pioneer is an independent oil and gas exploration and production company, which engages in onshore oil and gas drilling, exploration and production in the United States.

Bracewell lawyers involved in the transactions included:

Partners: Heather L. Brown and Robin J. Miles
Associate: Kenni E. Callahan