Company News: Pioneer to acquire deepwater gulf, W. Texas field stakes

04/15/2002
Pioneer Natural Resources Co., Dallas, reported that it will spend $193 million to acquire working interests in natural gas properties in the Gulf of Mexico and West Texas.Pioneer said it will purchase an additional 25% working interest in Falcon field and associated acreage in the deepwater gulf from Mariner Energy Inc., Houston. Recently, Pioneer also acquired a 5% working interest in the field from an unidentified minority owner. The purchase of the additional 30% interest in the field totaled $55 million.Separately, Pioneer inked a definitive agreement to acquire the assets and remaining 23% of the interests that it doesn't already own in West Panhandle field from Colorado Interst...
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