Deal Insight
Pioneer acquires Parsley for US$7.9 billion
Report summary
Pioneer is acquiring Parsley in an all-stock transaction worth US$7.9 billion. The pro forma entity will have an enterprise value of approximately US$24.6 billion, with Pioneer and Parsley shareholders owning 76% and 24%, respectively. The combined company will now be the second-largest tight oil producer in the Permian basin. While other tight oil operators are looking to add regional diversification to their portfolios, Pioneer has doubled down on its Permian-focused strategy.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Midland basin
- Delaware basin
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Pioneer
- Parsley
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Pioneer and Parsley: acreage positions
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Pioneer lateral length trend
- Upstream assets: Table 1
- Pioneer, Parsley: Production and cashflow
What's included
This report contains:
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