Pioneer Natural Resources

Pioneer Natural Resources enjoys strong Q3, expanding in Permian Basin

Energy Financial

Midland, Texas-based Pioneer Natural Resources continues with Eagle Ford, Spraberry/Wolfcamp drilling DALLAS, TX – Pioneer Natural Resources Company bucked the trend and delivered strong third quarter financial results thanks to better than expected growth in production. Pioneer Natural Resources reported third quarter net income attributable to common stockholders of $646 million, or $4.27 per diluted share. […]

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Pioneer Natural Resources sticks with plan to increase Permian drilling

Energy Financial, Innovation

Internal rates of return are still excellent despite low oil prices, says Pioneer Natural Resources Pioneer Natural Resources isn’t backing down from its plan to significantly increase drilling in the Permian Basin, despite a drop in the price of oil by 20 per cent in recent weeks. “[I]nternal rates of return are most important in

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Pioneer Natural Resources: Meeting targets despite Texas Weather

Energy Financial

Poor weather, longer than expected facility turnarounds affect Pioneer Natural Resources production Pioneer Natural Resources says it is on track to meet its 2015 production forecast, despite lower than expected results from the Eagle Ford Shale. The company issued an operational update Wednesday, noting that production averaged 197 thousand barrels oil equivalent per day (MBOEPD) in

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Pioneer Natural Resources sells Eagle Ford Shale midstream business for $2.15 Billion

Energy Financial

Pioneer Natural Resources expects to ramp up drilling rigs to same level as before oil price collapse Pioneer Natural Resources is selling Eagle Ford Shale Midstream for $2.15 billion, subject to regulatory approvals, to Reliance Holding USA, an existing partner in the business. Pioneer owns 50.1% of EFS Midstream and Reliance owns the remaining 49.9%. The

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