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Pioneer Natural Resources Company to Sell South Texas Sinor Nest Oil Assets for $132M

Vinson & Elkins advised Pioneer Natural Resources Company in a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest (Lower Wilcox) field for net proceeds of $132 million, subject to normal closing adjustments.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States.

The V&E corporate team was led by partner John Grand with senior associate Elena Sauber and associate Danny Nappier.

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