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M&A Deal Summary

Ensign Natural Resources Acquires Pioneer Natural Resources Co. - Eagle Ford Acreage

On May 7, 2019, Ensign Natural Resources acquired oil/gas exploration company Pioneer Natural Resources Co. - Eagle Ford Acreage from Pioneer Natural Resources

Acquisition Highlights
  • This is Ensign Natural Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Ensign Natural Resources’ 1st transaction in the United States.
  • This is Ensign Natural Resources’ 1st transaction in Texas.

M&A Deal Summary
Date 2019-05-07
Target Pioneer Natural Resources Co. - Eagle Ford Acreage
Sector Oil/Gas Exploration
Buyer(s) Ensign Natural Resources
Sellers(s) Pioneer Natural Resources
Deal Type Divestiture

Target

Pioneer Natural Resources Co. - Eagle Ford Acreage

Irving, Texas, United States
Pioneer Natural Resources Co. - Eagle Ford Acreage is an exploration and production of approximately 14,400 barrels of oil equivalent per day.

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Buyer(S) 1

Buyer

Ensign Natural Resources

Houston, Texas, United States
Category Company
Founded 2017
Sector Oil/Gas Exploration
DESCRIPTION

Ensign Natural Resources is an exploration and production company focused on acquiring, developing and producing U.S. unconventional resources. Ensign Natural Resources was founded in 2017 and is based in Houston, Texas. ?

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Pioneer Natural Resources

Irving, Texas, United States
Category Company
Founded 1997
Sector Oil/Gas Exploration
Employees2,076
Revenue 24.4B USD (2022)
DESCRIPTION
Entrance to Pioneer Natural Resources' corporate headquarters in Irving, Texas.
Entrance to Pioneer Natural Resources' corporate headquarters in Irving, Texas.

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.

DEAL STATS #
Overall 3 of 4
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
State: Texas M&A 3 of 4
Country: United States M&A 3 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Pioneer Natural Resources Co. - Pumping Services Assets

Texas, United States

Pioneer Natural Resources Co. - Pumping Services Assets is a provider of pressure pumping services in the Permian Basin.

Sell $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Parsley Energy

Austin, Texas, United States

Parsley Energy, Inc. is an independent oil and natural gas company with operations in the Permian Basin, where the company develops unconventional oil and natural gas reserves. Parsley Energy was founded in 2008 and is based in Austin, Texas.

Buy $4.5B
Mergr

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