Pioneer Natural Resources has started the process of becoming a pure play Permian company in the US with the sale of some of its Eagle Ford shale assets to Australian outfit Sundance Energy, writes Caroline Evans.
Sundance will acquire 21,900 net acres and 1800 barrels of oil equivalent per day of production from Pioneer and joint venture partner Reliance. Pioneer holds a 50% stake in the assets and is operator of the joint venture.
