Pioneer Southwest Energy Partners announces terms for its IPO

Pioneer Southwest Energy Partners, a limited partnership formed to own and acquire oil and gas properties in Texas and New Mexico, announced terms for its IPO on Tuesday. The company plans to offer 7.5 million units at an expected price range of $19 to $21. Prior to this latest filing, the company had expected to offer 12.5 million units. Citi, Deutsche Bank, and UBS are the lead managers on the deal.