Pioneer heads toward minimal hedging

Pioneer Natural Resources, DoublePoint Energy agree to $6.4B deal - Dallas  Business Journal

 

After selling its Delaware Basin assets to Oklahoma City’s Continental Resources in a $3.25 billion deal, Pioneer Natural Resources indicated it will minimize its hedging in the coming year.

Reuters reported Pioneer’s Chief Executive Officer anticipates oil prices to be between $80 and $100 a barrel in the next several years.

Click here for Reuters.