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Pioneer Sells Eagle Ford Shale and Remaining South Texas Assets

Vinson & Elkins advised Pioneer Natural Resources Company in the sale of its Eagle Ford shale and remaining South Texas assets to Ensign Natural Resources. Under the agreement, Pioneer will receive up to $475 million in total proceeds, of which $25 million was received at closing and $450 million is contingent on future commodity prices. 

The V&E team was led by partner John Grand with partners David Cohen and Chris Dawe, counsel Elena Sauber and associate Danny Nappier.

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