IHS Chemical Week

Regions :: China

Sinochem and Pioneer Natural Resources sign $1.7-billion shale deal

January 31, 2013 | Deepti Ramesh

Sinochem (Beijing) and Pioneer Natural Resources (Irving, TX) say that they have signed an agreement, under which Sinochem will acquire 40% of Pioneer’s interest in about 207,000 net acres leased by Pioneer in the horizontal Wolfcamp shale play in the southern portion of the Spraberry Trend Area Field, in Texas, for a total price of $1.7 billion. The transaction is expected to close during the second quarter of 2013. At closing, Sinochem will pay $500 million in cash to Pioneer, and will pay the remaining $1.2 billion by carrying a portion of...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa