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. | |
---|---|---|
+8.92% | 7.38B | |
+10.18% | 4.65B | |
+17.18% | 2.42B | |
+17.75% | 2.02B | |
-6.93% | 1.74B | |
-3.64% | 1.2B | |
-.--% | 1.11B | |
+2.56% | 555M | |
+51.43% | 524M |