As Crude-oil Price Rout Deepens, Pioneer Maintains its Bright Outlook

SUGAR LAND--January 22, 2016--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--This month, as crude oil prices continued their downward spiral, Pioneer Natural Resources Company (NYSE:PXD) (Irving, Texas) was able to raise about $1.4 billion through a new common-stock offering. In fact, investors were so keen to buy the shares that the independent producer was able to expand the size of its offering, to 12 million shares from 10.5 million. Within this article: Explains the success of firm's common-stock offering. Additional companies: Anadarko Petroleum Corporation (NYSE:APC), (Apache Corporation (NYSE:APA), Continental Resources Corporation (NYSE:CLR) and Devon Energy Corporation (NYSE:DVN).