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Pioneer Natural closes sale of Alaska subsidiary to Caelus Energy Alaska


Published Apr 17, 2014
Pioneer Natural Resources Company

Pioneer Natural Resources Company closed its previously announced sale of its Alaska subsidiary to Caelus Energy Alaska LLC for cash proceeds of $300 million, subject to normal closing adjustments, plus other consideration.

The Company expects to recognize a noncash loss of approximately $30 million associated with the sale when it reports earnings for the first quarter of 2014.

Tags: Pioneer Natural Resources Company




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