Irving-based Pioneer Natural Resources Company has reached an agreement with Belgium-based Carmeuse Holding SA to acquire the latter’s U.S. industrial sands business–Carmeuse Industrial Sands (“CIS”)–for approximately $297 million. The deal, which will likely close late in the first quarter or early in the second
quarter of 2012, is expected to be funded from the available cash and signifies a strategic move for the company to support its fracturing requirements while reducing execution risk and controlling costs.

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