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Wednesday, June 25, 2025

February 16, 2016

Drilling in the Western States

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

February 16, 2016

$1.85 billion for drilling in 2016 with 10% production growth and no debt raises rest of year Pioneer Natural Resources (ticker: PXD, PXD.com) announced its fourth quarter results, along with its 2016 capital budget of $2.0 billion. The company lowered its 2016 capital budget expectations by $0.5 billion from earlier estimates, but still expects to grow production by about 10%

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