United States

Profile: Pioneer Natural Resources Co (PXD.N)

PXD.N on New York Stock Exchange

27 Oct 2016
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Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company's properties include Spraberry/Wolfcamp oil field located in West Texas; the Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company's operations include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Company owns interests in over seven gas processing plants and approximately eight treating facilities.

Permian Basin

The Company's Spraberry field is approximately 150 miles long and over 70 miles wide. The oil produced is West Texas Intermediate Sweet and the gas produced is casinghead gas with an average energy content of approximately 1,400 British thermal units (Btu). The oil and gas are produced from over six formations, the upper and lower Spraberry, the Dean, the Wolfcamp, the Strawn and the Atoka, at depths ranging from 6,700 feet to 11,300 feet. The Company drilled over 210 wells in the Spraberry field and its total acreage position approximately 800,000 gross acres. The Company placed on production over 100 horizontal wells in the northern portion of the play, approximately 90 horizontal wells in the southern portion of the play and over 40 vertical wells.

South Texas Eagle Ford Shale

The Company's drilling activities in the South Texas area include the Eagle Ford Shale play. The Company completed drilling in over 120 horizontal Eagle Ford Shale wells. The Company placed over 60 upper target Eagle Ford Shale wells on production.

Raton Basin

The Company's Raton Basin properties are located in the southeast portion of Colorado. The Company owns approximately 190,000 gross acres in the center of the Raton Basin and produces coal bed methane (CBM) gas from the coal seams in the Vermejo and Raton formations from approximately 2,200 wells.

West Panhandle

The Company's West Panhandle properties are located in the panhandle region of Texas. Its reserves are attributable to the Red Cave, Brown Dolomite, Granite Wash and fractured Granite formations. The Company's gas has an average energy content of over 1,400 Btu and is produced from approximately 700 wells on approximately 246,000 gross acres covering over 370 square miles. The Company controls wells, production equipment, gathering system and the Fain gas processing plant for the field.

Company Address

Pioneer Natural Resources Co

200 Williams Square West
5205 N Oconnor Blvd
IRVING   TX   75039
P: +1972.4449001
F: +1972.4027023

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