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Pioneer Completes Merger In Midland Basin

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Business Wire
December 18, 2013

Pioneer Natural Resources Co. (NYSE: PXD) and Pioneer Southwest Energy Partners LP (NYSE: PSE) jointly announced Dec. 17 the completion of the merger of Pioneer Southwest with a wholly owned subsidiary of Pioneer.

The merger consolidates properties of Pioneer and Pioneer Southwest in the Midland Basin in West Texas. The merger is expected to facilitate Pioneer’s plans to fully and optimally develop the area utilizing horizontal drilling and is expected to provide organizational, operational and administrative efficiencies.

Pioneer Southwest survived the merger as an indirect wholly owned subsidiary of Pioneer, ...

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