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Pioneer Natural closes sale of Alaska subsidiary to Caelus Energy Alaska


Published Apr 17, 2014
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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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