Energy

Pioneer Natural Resources nears $6 billion DoublePoint Energy deal, sources say

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Pioneer Natural Resources Company logo seen displayed on a smartphone.
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Pioneer Natural Resources is nearing a deal to acquire Permian Basin oil producer DoublePoint Energy for more than $6 billion in cash and stock, people familiar with the matter said on Thursday.

A deal between Pioneer and its private equity owners, which include Apollo Global Management Inc and Quantum Energy Partners, could be announced as soon as Thursday, the sources said, requesting anonymity ahead of an official announcement.

Pioneer and DoublePoint did not immediately respond to requests for comment.