Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the Company”) today announced that the Company has entered into a definitive agreement with Continental Resources (NYSE: CLR) to sell all of its assets in the Delaware Basin for cash proceeds of $3.25 billion, subject to normal closing adjustments. The transaction is expected to close toward the end of the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including regulatory approval.
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