Pioneer will be pure-play Permian by end of year
Pioneer Natural Resources (ticker: PXD) reported second quarter results today, showing net income of $66 million, or $0.38 per share. After adjusting for derivative losses and other special charges, Pioneer earned an adjusted $243 million in Q2 2018.

The company produced 280 MBOEPD from the Permian in Q2, 328 MBOEPD company-wide. Permian production is up 7% sequentially, 32% year-over-year. This growth is expected to slow somewhat in the next quarter, as Pioneer predicts it will produce rough...


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