V&E Advises Pioneer Natural Resources in Connection with Three Transactions

Vinson & Elkins Advises Pioneer Natural Resources in Connection with Several Transactions Background Image

Vinson & Elkins advised Pioneer Natural Resources Company (“Pioneer”) in connection with its public offering of $750 million 0.550% senior notes due 2023. The offering closed on May 18, 2021. V&E also advised Pioneer in connection with the redemption of all of the outstanding 7.750% senior notes due 2025 of Double Eagle III Midco 1 LLC and Double Eagle Finance Corporation. Further, V&E advised Pioneer in connection with its secondary offering of 6,000,000 shares of Pioneer’s common stock, $0.01 par value per share, by Double Eagle Energy Holdings III LLC and Q-FPP (VII) Subsidiary, LLC (together, the “Selling Stockholders”), which are majority owned by funds managed by affiliates of Apollo Global Management Inc. and Quantum Energy Partners, respectively. The secondary offering closed May 13, 2021.

The V&E team was led by partners Robert Kimball and David Stone, with assistance from senior associate Joanna Enns and associates Cameron Land, Grace-Ann Duquette, Luke Strieber and Madison Bertrand. Advising on tax matters were partners Jim Meyer and Wendy Salinas and associate Jeff Slusher. Additionally, the V&E team advising the Selling Stockholders was led by partner Doug McWilliams and senior associate Jackson O’Maley, with assistance from associates Danny Wicoff and Sydney Verner.

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