Pioneer Natural Resources Company (NYSE:PXD) is in talks to buy Parsley Energy, Inc. (NYSE:PE), according to people familiar with the matter, as a wave of consolidation takes hold in the beleaguered oil patch. The two companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month assuming the talks don't fall apart, the people said.
Parsley Energy, Inc.
Equities
PE
US7018771029
Oil & Gas Exploration and Production
1st Jan change | Capi. | |
---|---|---|
+9.67% | 7.43B | |
+12.18% | 4.73B | |
+17.18% | 2.42B | |
+17.75% | 2.02B | |
-6.93% | 1.74B | |
-2.39% | 1.22B | |
-.--% | 1.11B | |
+2.84% | 556M | |
+48.57% | 534M |