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Pioneer will sell $1B in stocks, pipeline to ride out falling oil prices

2014-11-14 16:29:53| Oil & Gas - Topix.net

Pioneer Natural Resources will continue operating in the Permian Basin despite falling crude oil prices by selling a pipeline in the Eagle Ford Shale , CEO Scott Sheffield said in a conference call. "It allows Pioneer to really prudently develop its assets in what I believe could easily be a $70 to $80 oil price environment over the next two years," said Scott Sheffield , CEO of Pioneer.

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