Pioneer Natural Resources has completed its $4.5 billion acquisition of Parsley Energy, creating a powerhouse in the prolific Permian Basin of West Texas. The stock decreased 18.88% or $14.9 during the last trading session, reaching $64.01. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The two oil . Contacts. That merger is the second this week . Parsley Energy, Inc is an oil and natural gas company, which focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. To vote on a proposal to approve the issuance of shares of Parsley Class A common stock, par value $0.01 per share ("Parsley Class A common stock"), to stockholders of Jagged Peak Energy Inc. ("Jagged Peak"), in connection with the merger pursuant to the terms of the Agreement and Plan of Merger, dated as of October 14, 2019 (as amended . The deal will see the Austin, Texas-based energy firm take on Jagged Peak's net debt of approximately $625 million USD as of June 30, 2019. Parsley Energy, Inc is an oil and natural gas company, which focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. (with respect to the Company Class B Common Stock) and the Opco Merger (with respect to the Opco LLC Units) and without any action on the part of Parent, the Company, Merger Sub Inc . Pioneer Natural Resources Company Contacts: Investors Neal Shah - 972-969-3900 Tom Fitter - 972-969-1821 Michael McNamara - 972-969-3592 Greg Wright - 972-969-1770 Media and Public . U.S. independents Parsley Energy, Inc. and Jagged Peak Energy Inc. have entered into a definitive merger agreement which will allow Parsley to acquire Jagged Peak in an all-stock deal valued at $2 . Define Employee Holdings. Austin-based Parsley Energy said it will pay $1.65 billion to acquire Denver's Jagged Peak Energy in a combination of Permian Basin players. into a definitive merger agreement under which Parsley will acquire Jagged Peak in an all-stock transaction valued at approximately $2.27 billion, including Jagged Peak's . The deal is the latest among the spree of U.S. oil mergers and acquisitions . AUSTIN, Texas, Dec. 3, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that the special meeting of stockholders of Parsley Energy, Inc. (the "Parsley special meeting . Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin located in West Texas and Southeastern New Mexico. Parsley shareholders will receive 0.1252 shares of Pioneer stock for each share of Parsley. Parsley Energy, Inc. is an independent oil and natural gas company. James Durbin / James Durbin Pioneer Natural Resources plans to acquire rival Parsley Energy in an all stock deal valued at $4.5 billion, creating a powerhouse in the Permian Basin of West Texas.. Pioneer Natural Resources on Jan. 12 completed its $4.5 billion buyout of Austin-based Parsley Energy Inc., after shareholders of both companies approved the merger. Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. Pioneer Natural Resources Company, a large oil and gas exploration and production company is buying out Parsley Energy in a deal worth $4.5 billion ($7.6B including Parsley debt assumed by Pioneer). Parsley Energy The independent exploration and production company could be ready to reap the benefits of its investments, he said. means Antero Resources Employee Holdings LLC, a Delaware limited liability company. The all-stock deal turns Parsley into a . One of the most prolific buyers was Parsley Energy , which spent $2.8 billion to purchase Double Eagle Energy last February after spending more than $1 billion buying up land in 2016. Parsley Energy, Inc. (NYSE: PE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Pioneer Natural Resources Company for 0 . Under the terms of the agreement, Pioneer will acquire all of the outstanding shares of Parsley, and Parsley shareholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of . Parsley stockholders who need assistance in completing the proxy card, require additional copies of the proxy materials, or have questions regarding the special meeting may contact Parsley's proxy solicitor, MacKenzie Partners, Inc., by . On closing, Parsley shareholders will own approximately 24% of the combined company. Parsley's largest investor, Quantum Energy Partners, which owns approximately 17% of the outstanding shares, agreed to vote in favor the agreement. The Parsley board unanimously recommends that Parsley stockholders vote "FOR" the Parsley merger proposal. James Durbin/Reporter-Telegram As announced on October 20, 2020, Pioneer and Parsley have entered into a definitive merger agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock. Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases. The all-stock transaction will be conducted under a fixed exchange ratio of 0.1252 Pioneer common stock shares for each.. Parsley Energy, Inc.is an independent oil and natural gas company focused on the acquisition, development, exploration and production of unconventional oil and natural gas reserves in the Permian Basin. DALLAS--(BUSINESS WIRE)--Jan. 12, 2021-- Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer") today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) ("Parsley") following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. Parsley Energy Completes Acquisition Of Jagged Peak Energy. Parsley Energy Announces January 12, 2021 Special Meeting to Approve Merger with Pioneer Natural Resources. On October 20, 2020, Parsley announced that it had signed an agreement to be acquired by Pioneer for approximately $4.5 billion. Dallas and Austin, Texas, October 20, 2020 - Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the . Late Tuesday, Pioneer Natural Resources Co. announced that it had reached an agreement to acquire all the outstanding stock of Parsley Energy Inc. in an all-stock transaction valued at $4.5 billion. Oct 21, 2020 7:57AM EDT Pioneer Natural Resources Company PXD has confirmed its $4.5 billion all-stock accord to acquire smaller rival Parsley Energy, Inc. PE. As of December 31, 2015, its acreage position consisted of 110,967 net acres, including . Pioneer Natural Resources Company PXD has confirmed its $4.5 billion all-stock accord to acquire smaller rival Parsley Energy, Inc. PE. The enterprise value of the deal was said to be about $2.27 billion after including the $625 million in . Including debt, the total value of the acquisition is about $7.6 billion. The total value, inclusive of Parsley debt assumed by . That means Parsley will no. Hart Energy Staff Pioneer announced the all-stock deal with the Austin . DALLAS--(BUSINESS WIRE)--Jan 12, 2021--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer") today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) ("Parsley") following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. The transaction is expected to close during the first quarter of 2020. Pioneer Natural Resources Co. is in discussions to buy rival Parsley Energy Inc. in an all-stock deal that could be finalized by the end of the month, according to a person familiar with the matter. TABLE OF CONTENTS : Page : ARTICLE I THE MERGERS : 3 . PXD - Free Report) has confirmed its $4.5 billion all-stock accord to acquire smaller rival Parsley Energy, Inc. . Pioneer Natural Resources Company, a large oil and gas exploration and production company is buying out Parsley Energy in a deal worth $4.5 billion ($7.6B including Parsley debt assumed by Pioneer). Devon Energy ( DVN) - Get Devon Energy Corporation Report last month agreed to take over rival WPX ( WPX) - Get WPX Energy, Inc. Report for $12 billion. (Bloomberg) -- The series of mergers reshaping the beleaguered U.S. shale oil industry accelerated Tuesday when Pioneer Natural Resources Co. agreed to buy Parsley Energy Inc. for $4.5 billion in stock, creating one of the largest producers in the Permian Basin. Pioneer Natural Resources Co. is in discussions to buy rival Parsley Energy Inc. in an all-stock deal that could be finalized by the end of the month, according to a person familiar with the matter. Pioneer . Mergers Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus' Andrew Dittmar described as a "historic winnowing of U.S.-based independent E&P companies." Emily Patsy Hart Energy Tue, 10/20/2020 - 03:45 PM About 349,642 shares traded or 105.… That means Parsley will no. . DALLAS--(BUSINESS WIRE)--Jan. 12, 2021-- Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer") today announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) ("Parsley") following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. Shares of Parsley Energy were up 3.57% at . Pioneer Natural Resources' Parsley acquisition would solidify the status of the former as one of the biggest operators in the country's most prolific basin. AUSTIN, Texas, Jan. 10, 2020 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," or "Parsley Energy") today announced that it . A day after ConocoPhillips' announcement, U.S. shale producer Pioneer Natural Resources Company PXD agreed to buy smaller rival Parsley Energy PE in a $4.5 billion all-stock deal. Furthermore, the stock is cheap at about $20 and selling for 9 . The deal is the latest among the spree of U.S. oil mergers and acquisitions, measures taken by shale players to combat the coronavirus-induced low crude price scenario. for a merger partner to bring . Additional Information and Where to Find It Pioneer Natural Resources Completes Acquisition of Parsley Energy Following Stockholder Approvals . As of January 9, 2020, Parsley Energy shareholders approved the merger at the special meeting. Parsley saw its stock Relative Strength (RS) Rating jump to 86 on Wednesday, an upgrade from 77 the day before. Parsley Energy. common stock for each share of Parsley common stock owned. Pioneer Natural Resources Co. agreed to acquire Parsley Energy Inc. in an all-stock transaction valued at $4.5 billion as of Oct. 19, 2020. Pioneer Natural Resources Announces Agreement to Acquire Parsley Energy. Pioneer Natural Resources Co. is in talks to buy Parsley Energy Inc., according to people familiar with the matter, as a wave of consolidation takes hold in the beleaguered oil patch. Parsley Energy, Inc. is headquartered in Midland, Texas. Parsley Energy, Inc . Mergers Pioneer Completes Parsley Energy Acquisition through All-stock Merger The all-stock acquisition of Parsley Energy valued at over $7 billion gives Pioneer Natural Resources combined control of nearly 1 million acres across the Permian Basin with positions in both the Delaware and Midland sub-basins. Both are all-stock transactions. AGREEMENT AND PLAN OF MERGER . Shareholders from both companies approved . Merger Agreement On October 14, 2019, Parsley Energy, Inc., a Delaware corporation ("Parsley"), Jackal Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parsley ("Merger Sub"), and Jagged Peak Energy Inc., a Delaware corporation ("Jagged Peak"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), providing for Parsley's acquisition . PEARL OPCO MERGER SUB LLC, PARSLEY ENERGY, INC. and PARSLEY ENERGY, LLC . Parsley Energy Inc.'s executives believe that the company's $2.27 billion all-stock acquisition of Jagged Peak Energy Inc. will make the combined company a "preeminent" Permian Basin producer, but cost-conscious investors have hammered its stock since the deal was announced the morning of Oct. 14. Pioneer Natural Resources announced it will acquire Parsley Energy just a day after ConocoPhillips said it planned to merge with Concho Resources. After closing, existing Pioneer shareholders will own c. 76% and existing Parsley shareholders will own c. 24% of the combined company. Dated as of October 20, 2020 . DALLAS--(BUSINESS WIRE)--Dec 3, 2020--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that the special meeting of stockholders of the Company (the "Pioneer special meeting") to approve the issuance of Pioneer common stock pursuant to the merger agreement among the Company, Parsley Energy, Inc. ("Parsley") and certain subsidiaries of the . The all-stock transaction will be conducted under a fixed exchange ratio of 0.1252 Pioneer common stock shares for each.. Vinson & Elkins represented Parsley Energy, Inc. ("Parsley") in a definitive agreement with Pioneer Natural Resources Company ("Pioneer") for Pioneer to acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion. 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