Aarkstore Enterprise - Pioneer Natural Resources To Sell 45% Stake In Eagle Ford Shale Acreage

Aarkstore announce a new report "Pioneer Natural Resources To Sell 45% Stake In

Eagle Ford Shale Acreage To Reliance Industries: Reliances Presence In North American Shale Play Will Increase As A Result Of This Move - Deal Analysis " through its vast collection of market research report.

Summary

Pioneer Natural Resources Company, (Pioneer) and its partner Newpek, LLC, (Newpek) agreed to sell 45% of their respective interest in approximately 212,000 net acres leased by the company in the highly prospective Eagle Ford Shale play to Reliance EagleFord Upstream LP, a wholly-owned U.S. subsidiary of Reliance Industries Limited, (Reliance) for a consideration of $1,350 million. Reliance will pay $266 million in cash to Pioneer at closing and will pay an additional $879 million to carry Pioneers share of future drilling costs.

Following the transactions, Pioneer, Reliance and Newpek will own 46%, 45% and 9% in the EagleFord Shale play, respectively. The joint venture will have an approximate net working interest of 91% in 289,000 gross acres implying 263,000 net acres. The transaction implies deal value of $14,165.79 per acre of land.

Scope

Rationale behind Reliance acquiring assets from Pioneer

Strategic Benefits for the companies involved

Geography covered - US

Deal Financials and Valuations

Information on Reliance, Pioneer

Reasons to buy

Develop a sound undestanding of the major M&As, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry

Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market

Get a detailed analysis of a deal to enable you to take better decisions

Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios

Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry

Understand the various means of raising funds from the market.

For more information, please visit:

http://www.aarkstore.com/reports/Pioneer-Natural-Resources-To-Sell-45-Stake-In-Eagle-Ford-Shale-Acreage-To-Reliance-Industries-Reliances-Presence-In-North-American-Shale-Play-Will-Increase-As-A-Result-Of-This-Move-Deal-Analysis-From-GlobalData-60406.html

Or email us at press@aarkstore.com or call +919272852585

by: Aarkstore Enterprise

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