Apr 01, 2021 / NTS GMT
Scott Douglas Sheffield - Pioneer Natural Resources Company - CEO & Director
Good afternoon, everyone, and thank you for joining us to discuss the highly accretive bolt-on acquisition of DoublePoint Energy, a private Midland-based E&P company. A copy of the slides I will be reviewing can be found on our website, www.pxd.com. And I encourage you to take a moment to review the forward-looking statements on Slide #2.
I will begin on Slide #3. Slide 3, this is a bolt-on acquisition of DoublePoint Energy. This slide is a brief overview of the many benefits of the bolt-on acquisition of DoublePoint Energy. Many of these points are covered in more detail on subsequent slides.
As I mentioned, this transaction is highly accretive, the key financial metrics such as free cash flow per share. It also improves our long-term investment framework and increases the variable dividend per share. These benefits are achieved through significant synergies of $175 million annually, driven by the hand-in-glove nature of DoublePoint's approximately
Pioneer Natural Resources Co Announces Bolt-On Acquisition of DoublePoint Energy Pre-recorded Conference Call Transcript
Jan 23, 2024
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