Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/by_province/americans_offshore/alaska/pioneer-natural-closes-sale-of-alaska-subsidiary-t.shtmlPioneer Natural closes sale of Alaska subsidiary to Caelus Energy Alaska
Pioneer Natural Resources Company closed its previously announced sale of its Alaska subsidiary to
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Pioneer Natural Resources Company closed its previously announced sale of its Alaska subsidiary to Caelus Energy Alaska LLC for cash proceeds of $300 million, subject to normal closing adjustments, plus other consideration.
The Company expects to recognize a noncash loss of approximately $30 million associated with the sale when it reports earnings for the first quarter of 2014.
