PXD - Pioneer Natural/Parsley deal talks must navigate potential Father-Son conflict

According to Bloomberg, the current merger talks between Pioneer Natural Resources ([[PXD]] -3.9%) and Parsley Energy ([[PE]] +5.0%), will have to reportedly deal with an unusual family dynamic that has raised concerns about a potential conflict of interest.Pioneer Natural Resources is in discussions to buy rival Parsley Energy in an all-stock deal that could be finalized by the end of the month. Pioneer is run by Scott Sheffield while his son Bryan is Parsley’s founder and chairman.The possible transaction comes amid consolidation in the U.S. shale industry, which is struggling with plunging oil prices and is under pressure to realize cost savings. One such deal came in on Monday, wherein ConocoPhillips agreed to buy Concho Resources in all-stock transaction that values Concho at ~$9.7B.According to data compiled by Bloomberg, the Sheffields have more of their wealth tied up in Parsley than they do in Pioneer. Bryan is Parsley’s 11th largest shareholder, with a 2.7% stake valued at

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Pioneer Natural/Parsley deal talks must navigate potential Father-Son conflict