Pioneer Declares Dividend on Common Shares

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Wed Aug 27, 2008 4:05pm EDT 

DALLAS--(Business Wire)--
Pioneer Natural Resources Company (NYSE:PXD) announced today that
its board of directors declared a cash dividend of $0.16 per share on
Pioneer's outstanding common stock. The dividend is payable October
10, 2008 to stockholders of record at the close of business on
September 30, 2008.

   Pioneer is a large independent oil and gas exploration and
production company, headquartered in Dallas, with operations in the
United States, South Africa and Tunisia. For more information, visit
Pioneer's website at www.pxd.com.

Pioneer Natural Resources
Investors
Frank Hopkins, 972-969-4065
or
Matt Gallagher, 972-969-4017
or
Media and Public Affairs
Susan Spratlen, 972-969-4018

Copyright Business Wire 2008
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