McDonald Land Services

#NaturalGas #Marcellus #Utica

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") and Parsley Energy (NYSE:PE) (Parsley) today announced that they have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. The total value for the transaction, inclusive of Parsley debt assumed by Pioneer, is approximately $7.6 billion.

Today ConocoPhillips (COP) announced a $9.7 billion all-stock takeover of Concho Resources (CXO). The new ConocoPhillips will be the largest independent oil and gas company, with pro forma production of over 1.5 million barrels of oil equivalent per day (MMBOED). #oilandgas #energy #oil

Chevron is marketing about 800,000 acres in the Marcellus and Utica shale basins of Pennsylvania and neighboring states and a 31% non-operating interest in Laurel Mountain Midstream, which has intrastate and gathering lines servicing the Marcellus shale area. EQT offered $750 million for the properties, one of the people familiar with the matter said. #appalachia #naturalgas #energy