Market Overview

Pioneer Natural Resources Prices 9M Share Offering at $128/Share



Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the
Company”) today announced that it has priced a public offering of its
common stock at $128.00 per share. The size of the offering has been
upsized from 8 million shares to 9 million shares. Pioneer will receive
total gross proceeds (before underwriters' discounts and commissions and
estimated expenses) of approximately $1.152 billion. Citigroup, Goldman,
Sachs & Co., J.P. Morgan and RBC Capital Markets are joint book-running
managers for the offering. The Company has also granted the
underwriters an option for 30 days to purchase up to an additional 1.35
million shares of the Company's common stock. The offering is expected
to close on or about February 21, 2013.

See full press release

Posted-In: News Guidance Management


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