Pioneer Natural Resources - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Pioneer Natural Resources M&A Summary

Pioneer Natural Resources has acquired 6 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Pioneer Natural Resources’ largest acquisition to date was in 2021, when it acquired DoublePoint Energy for $6.4B. It’s largest disclosed sale occurred in 2015, when it sold EFS Midstream to Enterprise Products Partners for $2.2B. Pioneer Natural Resources has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (75%) and real estate (25%).

Pioneer Natural Resources Business Overview

Where is Pioneer Natural Resources headquartered?

Pioneer Natural Resources is headquartered in Irving, Texas.

What is Pioneer Natural Resources’ revenue?

Pioneer Natural Resources disclosed revenue of 24,384M USD for 2022 and 17,870M USD for 2021.

How many employees does Pioneer Natural Resources have?

Pioneer Natural Resources has 2,076 employees.

What sector is Pioneer Natural Resources in?

Pioneer Natural Resources is an oil/gas exploration company.

When was Pioneer Natural Resources founded?

Pioneer Natural Resources was founded in 1997.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 3

Pioneer Natural Resources

Pioneer Natural Resources Co.

777 Hidden Ridge,
Irving, Texas 75039
United States,
(972) 444-9001
www.pxd.com

Pioneer Natural Resources is a large independent exploration and production company with a large position in the Permian Basin. Pioneer Natural Resources Company was formed through the 1997 merger of NGP Portfolio Company, MESA Inc., and Parker & Parsley Petroleum Company. Pioneer Natural Resources was founded in 1997 and is based in Irving, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 1 1 - - - 4
vol $435M $4.5B $6.4B $11.3B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $2.6B $2.6B
  8

Most Recent M&A

Company Date Value Type
DoublePoint Energy 2021-04-01 6.4B USD Add-on Acquisition
Fort Worth, Texas
American Well Services 2021-03-22 - Divestiture
Midland, Texas
Parsley Energy, Inc. 2020-10-20 4.5B USD Add-on Acquisition
Austin, Texas · www.parsleyenergy.com
Pioneer Natural Resources Co. - Eagle Ford Acreage 2019-05-07 - Divestiture
Irving, Texas
Pioneer Natural Resources Co. - Pumping Services Assets 2018-11-13 440M USD Divestiture
, Texas
Devon Energy - 28,000 Acres Midland Basin 2016-06-16 435M USD Divestiture
Oklahoma City, Oklahoma
EFS Midstream LLC 2015-07-08 2.2B USD Divestiture
Irving, Texas · www.pxd.com/operations/efs-midstream
Falcon property/ Mariner Energy 2003-04-07 - Add-on Acquisition
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Pioneer Natural Resources USA, Inc.    - Gulf of Mexico(GOM) 2006-02-26 1
Irving, Texas , United States

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (75%) 11.3B (100%) 3 (75%) 2.2B (83%)
Real Estate 1 (25%) - - -
Energy Services and Equipment - - 1 (25%) 440M (17%)
Total 4 $11.3B 4 $2.6B

By Geo

State/Country Buy Value Sell Value
United States 4 11.3B 4 2.6B
  Texas 2 10.9B 4 2.6B
  Oklahoma 1 435M - -
Total 4 $11.3B 4 $2.6B

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Goldman Sachs
 1
Legal Deals
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
> $1B 2 $10.9B
$100M to $1B 1 $435M
TOTAL $11.3B
Largest DoublePoint Energy
$6.4B (2021-04-01)
sell # Total
> $1B 1 $2.2B
$100M to $1B 1 $440M
TOTAL $2.6B
Largest EFS Midstream LLC
$2.2B (2015-07-08)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

24,384   37% 2022
17,870   155% 2021
7,024   28% 2020
9,671   4% 2019
9,379   78% 2018
5,294   51% 2017
3,509   22% 2016
2,878   34% 2015
4,325   27% 2014
3,422   30% 2013
2,634   2012
(millions of USD) Show More Show Less

Employees

2,076

Established

1997

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