Irving-based Pioneer Natural Resources announced Tuesday that it was selling its non-Permian Basin acreage and infrastructure to focus its money and attention on what's sometimes called a "Super Basin."
A large chunk of the sale — 70,000 acres — is in South Texas' Eagle Ford shale, which includes both oil and natural gas production. Pioneer is also selling its assets in the West Panhandle natural gas field in Texas, oil and gas acreage in the Sinor Nest Field in South Texas and gas production in the Raton Basin, along the Colorado-New Mexico border.
"After these divestitures are completed, Pioneer's operations will be solely in the Permian Basin," Timothy L. Dove, Pioneer's president and CEO, said in a written statement.
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