Pioneer Natural Resources sells Hugoton assets in Kansas

Pioneer Natural Resources Co.

Pioneer Natural Resources Co. (NYSE:PXD) has closed the sale of its assets in the Hugoton field in Kansas to LINN Energy LLC (NASDAQ: LINE) for cash proceeds of $340 million.

The assets being sold represent all of Pioneer’s interests in the field, including its producing oil and gas wells, along with its interest in the Satanta gas processing plant and other associated infrastructure.

The transaction has an effective date of July 1.

 

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