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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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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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