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Pioneer Prices $1.2B Common Stock Offering

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February 15, 2013

Pioneer Natural Resources Co. (NYSE:PXD) has priced a public offering of its common stock at US $128 per share.

The size of the offering has been upsized from 8 million shares to 9 million. The company has also granted the underwriters an option for 30 days to purchase up to an additional 1.35 million shares. The offering is expected to close Feb. 21.

Pioneer will receive total gross proceeds of US $1.2 billion. Net proceeds will be used for general corporate purposes, including the acceleration of horizontal appraisal drilling in ...


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