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Pioneer Closes $1.15 Billion Eagle Ford Shale Joint Venture

by Kenneth E. DuBose on July 7, 2010

Pioneer closes on a deal to sell 45% of its interest in the Eagle Ford Shale in Texas to Reliance Industries Limited:

Pioneer Natural Resources Company today announced that the Company closed its previously announced joint venture transaction in the highly prospective Eagle Ford Shale play with a wholly-owned subsidiary of Reliance Industries Limited

Read more on the the deal at nytimes.com…

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