Pioneer Natural Resources has agreed to sell all of its assets in the South Texas Basin, in south-eastern Colorado, to Evergreen Natural Resources for $79m. The deal comprises all of Pioneer’s interests in the field, including all of its producing gas wells and associated infrastructure. The sale is part of Pioneer’s plans, announced in February, to divest its properties in Raton, South Texas and the West Panhandle field.
Pioneer Natural Resources has agreed to sell all of its assets in the Raton Basin, in south-eastern Colorado, to Evergreen Natural Resources for $79m. The deal comprises all of Pioneer’s interests in the field, including all of its producing gas wells and associated infrastructure. The sale is part of Pioneer’s plans, announced in February, to divest its properties in South Texas, Raton and the West Panhandle field.