Pioneer Natural Resources has inked a deal to acquire energy independent DoublePoint Energy for a consideration of $6.4 billion, including the assumption of some $900 million in debt, Pioneer said in a press release. The rest of the price will be made up of $1 billion in cash and 27.2 million Pioneer shares. This is the second large acquisition for Pioneer, which late last year struck a deal to buy Parsley Energy for nearly $8 billion. “DoublePoint has amassed an impressive, high-quality footprint in the Midland Basin, comprised of tier-one acreage adjacent to Pioneer’s leading position,” said the chief executive of Pioneer, Scott D. Sheffield. “We are pleased with their decision to become long-term partners with Pioneer in a transaction that will complement our unmatched position in the core of the Permian Basin.” Pioneer also said that the newly acquired assets will boost its net acreage to over 1 […]