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Actionable news in DVN: DEVON ENERGY CORPORATION,

A Pioneer Of The Permian, PXD Is Set To Outperform

Pioneer Natural Resources' Midland Basin purchase from Devon Energy Corporation makes operational sense.

Continued optimization efforts, especially on the completion front, will keep pushing Pioneer Natural Resources' well returns higher.

The Sale Ranch area is the region to watch going forward.

Back in the middle of June, Pioneer Natural Resources (NYSE:PXD) spent $435 million to purchase 28,000 net acres and ~1,000 BOE/d (70% oil cut) in production in the Midland Basin from Devon Energy...


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