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Vinson & Elkins Advises Pioneer Natural Resources Company in Divestiture of Delaware Basin Assets

Pioneer Natural Resources Announces Divestiture of Delaware Basin Assets Background Image

Vinson & Elkins advised Pioneer Natural Resources Company in connection with a definitive agreement with Continental Resources to sell all of its Delaware Basin assets for cash proceeds of $3.25 billion, subject to normal closing adjustments.

The transaction is expected to close toward the end of the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including regulatory approval.

The V&E corporate team was led by partners John Grand and David Cohen and counsel Elena Sauber, with assistance from associates Anne Jensen, Alex Turner, Daryne Foote and Kelly Reddington. Other key team members included partner Robert Kimball, senior associates Joanna Enns and Alex Robertson and associate Cameron Land; partners Jim Meyer and Todd Way and associate Jeff Slusher; partner Chris Dawe; partner Larry Nettles; partner David D’Alessandro and senior associate Missy Spohn; partner Sean Becker and counsel Christie Alcalá; partner Darren Tucker and counsel David Smith; partner Matt Stammel, senior associate Stephanie Noble and associate Carly Goodson; partners John Decker and Mike Tomsu; and counsel Rajesh Patel.

About Vinson & Elkins
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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