Pioneer weighs bid for Range, according to Bloomberg
Pioneer Natural Resources Considers Acquiring Range Resources, Bloomberg Reports
4:12 pm ET February 24, 2023 (Dow Jones)
By Denny Jacob
--Oil and gas explorer Pioneer Natural Resources Co. is considering an acquisition of Range Resources Corp., Bloomberg reported, citing people familiar with the matter.
--Pioneer is weighing a deal for the smaller U.S. rival as it seeks further consolidation in the shale industry, the report said.
--Deliberations are ongoing and there's no certainty the companies will reach an agreement, Bloomberg reported.
--A representative for Pioneer declined to comment while Range couldn't immediately be reached for comment, according to Bloomberg.