BUYERS:

Evergreen Natural Resources LLC

SELLERS:

Pioneer Natural Resources Co.

DETAILS:

COST: 79 $MM

VOLUMES: 84 Mmcfe/d

NOTES:
The assets being sold represent all of Pioneer’s interests in the field, including all of its producing gas wells and the associated infrastructure. The sale of Pioneer’s Raton assets is expected to result in a pretax noncash loss of $65 million to $75 million, which is expected to be recorded during the second quarter of 2018.

REGIONS:

Raton Basin