Double eagle announces $6.4 billion divestiture in the midland basin

Fort worth, texas--(business wire)--double eagle iii midco 2 llc (the “company” or “double eagle”), wholly owned by doublepoint energy, llc (“doublepoint”), announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to pioneer natural resources company (nyse:pxd) ("pioneer"). this transaction is valued at approximately $6.4 billion as of april 1, 2021, comprised of approximately 27.2 million shares of pioneer common stock,
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