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Pioneer Natural Resources Co (PXD.N)

PXD.N on New York Stock Exchange

178.26USD
10:37am EDT
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Latest Key Developments (Source: Significant Developments)

Pioneer Natural Resources Co reports Q4 2016 financial and operating results and announces 2017 capital program
Tuesday, 7 Feb 2017 04:01pm EST 

Pioneer Natural Resources Co : Pioneer Natural Resources Company reports fourth quarter 2016 financial and operating results and announces 2017 capital program . Pioneer Natural Resources Co sees planning capital expenditures for 2017 of $2.8 billion . Q4 loss per share $0.26 . Q4 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Pioneer Natural Resources Co - Pioneer expects to place approximately 260 gross horizontal wells on production in spraberry/wolfcamp during 2017 . Pioneer Natural Resources - Sees 2017 production growth rate for spraberry/wolfcamp ranges from 30% to 34%, with oil production increasing 33% to 37% . Pioneer Natural Resources Co - "Company assumes that it will continue to reject ethane throughout 2017 based on continuing weak market conditions" . Pioneer Natural Resources Co - 2017 capital budget is expected to be funded from forecasted operating cash flow of $2.2 billion and cash on hand . Pioneer Natural Resources Co sees Q1 2017 production is forecasted to average 243 mboepd to 248 mboepd . Pioneer Natural Resources Co sees Q1 2017 production costs are expected to average $7.75 per boe to $9.75 per boe . Pioneer Natural Resources Co sees Q1 2017 total exploration and abandonment expense is forecasted to be $20 million to $30 million . Pioneer Natural Resources Co - Quarterly production grew by 3 mboepd compared to Q3 of 2016 . Q4 revenues and other income $1,168 million versus $1,074 million.  Full Article

Pioneer sees 15 percent compound production growth through 2020
Thursday, 28 Jul 2016 10:44am EDT 

Pioneer Says Output Of 233,000 Boepd In Q2 Surpassed Guidance Of 224,000 : Says costs per barrel fell 26 percent in first half of 2016 versus first half of 2015 . 229,000 boepd . Pioneer ceo says lower costs means it can 'compete with anything saudi arabia has' . Pioneer says to keep debt to operating cash flow ratio below 1.0x through 2020 .Pioneer sees 15 percent compound production growth through 2020, expects to spend within cash flow in 2018 assuming oil at about $55 a barrel.  Full Article

Pioneer Natural Resources Q2 loss per share $1.63
Wednesday, 27 Jul 2016 04:05pm EDT 

Pioneer Natural Resources Co : Increasing 2016 capital budget from $2.0 billion to $2.1 billion to cover cost of five horizontal drilling rigs being added during H2 . Pioneer natural resources co says capital budget for 2016 was increased from $2.0 billion to $2.1 billion during q2 . Pioneer natural resources reports second quarter 2016 financial and operating results . Q2 loss per share $1.63 . Q2 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S . Planning to increase horizontal rig count from 12 rigs to 17 rigs in northern Spraberry/Wolfcamp during second half of 2016 . Q2 total revenue $ 786 million versus $644 million last year . Expect to spend within cash flow in 2018 assuming an oil price of approximately $55 per barrel . Pioneer natural resources co sees q3 production to average 232 MBOEPD to 237 MBOEPD .Pioneer natural resources co sees q3 production costs expected to average $8.25 per BOE to $10.25 per BOE.  Full Article

Pioneer Natural Resources says will look to add oil hedges for 2017 production
Tuesday, 28 Jun 2016 12:46pm EDT 

Pioneer Natural Resources Co : Says will look to add oil hedges for 2017 production . Says 50 percent of 2017 oil production hedged .Says 25 percent of 2017 natural gas production hedged.  Full Article

Pioneer Natural Resources prices 5.25 mln stock offering
Wednesday, 15 Jun 2016 09:15pm EDT 

Pioneer Natural Resources Co : Says offering 5.25 million common shares . Priced underwritten public offering of 5.25 million shares of its common stock for gross proceeds of about $827 million .Pioneer Natural Resources company announces pricing of common stock offering.  Full Article

Pioneer Natural Resources says offering 5.25 mln shares
Wednesday, 15 Jun 2016 04:06pm EDT 

Pioneer Natural Resources Co : Pioneer natural resources company announces public offering of common stock . Says offering 5.25 million common shares .Expects to use portion of net proceeds to fund pending acquisition of oil and gas properties in Midland basin.  Full Article

Pioneer Natural Resources to buy 28,000 midland basin acres
Wednesday, 15 Jun 2016 04:05pm EDT 

Pioneer Natural Resources Co : Pioneer Natural Resources Company to acquire approximately 28,000 midland basin acres for $435 million and to add 5 horizontal rigs during the second half of 2016 . Expects to increase its horizontal rig count by five rigs from 12 rigs to 17 rigs in Northern Spraberry/Wolfcamp, with first rig to be added in September 2016 . Forecasted 2016 capital spending of $2.1 billion to be funded from forecasted operating cash flow of $1.5 billion . 2016 capital budget is expected to increase by approximately $100 million from $2.0 billion to $2.1 billion as a result of rig additions . Addition of five rigs is expected to have a minimal impact on company's forecasted 2016 production growth rate .2016 capital spending to be funded from cash on hand, $500 million proceeds from Eagle Ford shale midstream business sale.  Full Article

Pioneer Natural Resources says CEO Scott Sheffield to retire
Thursday, 19 May 2016 04:14pm EDT 

Pioneer Natural Resources Co : Sheffield will retire as company's chief executive officer effective Dec. 31, 2016. . Sheffield will continue as executive chairman of company's board of directors through Dec. 31, 2017 .Pioneer Natural Resources Company Chairman and CEO scott D. Sheffield to retire; Timothy L. Dove named successor.  Full Article

Pioneer Natural Resources Co declares dividend on common shares
Wednesday, 2 Mar 2016 04:05pm EST 

Pioneer Natural Resources Co:Declared a cash dividend of $0.04 per share on Pioneer's outstanding common stock.Payable April 12, 2016, to stockholders of record at the close of business on March 31, 2016.  Full Article

Pioneer Natural Resources Company Announces Public Offering of Common Stock
Tuesday, 5 Jan 2016 04:21pm EST 

Pioneer Natural Resources Company:commencing a public offering of 10.5 million shares of its common stock.BofA Merrill Lynch, Citigroup, Credit Suisse and J.P. Morgan are acting as joint book-running managers on the offering.The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 1.575 million shares of the Company's common stock.expects to use the net proceeds from this offering for general corporate purposes, including continuing to actively develop its acreage position in the Spraberry/Wolfcamp play in West Texas while maintaining a strong balance sheet during the current period of low commodity prices.  Full Article

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BRIEF-Pioneer Natural announces sale of asset for $266 mln

* Pioneer Natural Resources company announces sale of northeastern martin county acreage for $266 million