Pioneer Natural Resources Co., Dallas, has agreed to sell its West Panhandle field assets in Texas for $201 million to an undisclosed buyer.
The assets include all of PNR’s producing wells and the associated systems. Net production from the field averaged 6,000 boe/d during this year’s first quarter.
The sale, expected to close in the third quarter, is part of the company’s plan to divest properties to operate solely in the Permian basin.
In June, the company agreed to sell its Raton assets in southeastern Colorado to Evergreen Natural Resources LLC for $79 million (OGJ Online, June 13, 2018). In March, an agreement was signed to sell certain Eagle Ford acreage to Sundance Energy Inc. for $102 million (OGJ Online, Mar. 27, 2018).
