Pioneer Natural Resources Announces Bolt-On Acquisition of DoublePoint Energy in the Midland Basin

Pioneer Natural Resources Company (NYSE:PXD) („Pioneer“ or „the Company“) today announced that it has entered into a definitive purchase agreement to acquire the leasehold interests and
related assets of DoublePoint Energy (DoublePoint) in a transaction valued at approximately $6.4 billion as of April 1, 2021, comprised of approximately 27.2 million shares of Pioneer common stock,
$1 billion of