Sinochem enters Permian Basin shale via $1.7B agreement with Pioneer Natural Resources; 40% ownership plus funding for Pioneer
Green Car Congress
JANUARY 31, 2013
More than 400 industry horizontal Wolfcamp Shale wells have been spud to-date, and over 35 active horizontal rigs highlight the potential of multiple target zones within the Wolfcamp horizon. and Mayer Brown LLP acted as financial advisor and legal adviser to Sinochem respectively on the transaction. Tudor, Pickering, Holt & Co.
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