Pioneer natural resources announces closing of sale of alaska subsidiary to caelus energy alaska

Dallas--(business wire)--pioneer natural resources company (nyse:pxd) (“pioneer” or “the company”) today announced that the company closed its previously announced sale of its alaska subsidiary to caelus energy alaska llc for cash proceeds of $300 million, subject to normal closing adjustments, plus other consideration. the company expects to recognize a noncash loss of approximately $30 million associated with the sale when it reports earnings for the first quarter of 2014. pioneer natural resources company is a large independent oil and gas exploration and production company, headquartered in dallas, texas, with operations in the united states. for more information, visit pioneer’s website at www.pxd.com.
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