Post Tagged with: "Pioneer Natural Resources"

Source: Reuters

U.S. shale producers’ Pioneer Natural, Parsley prepare job cuts

Reuters


Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses.

The cost cuts are …

Pioneer Natural Resources CEO warns independent oil companies could go bankrupt if production continues amid coronavirus

Pioneer Natural Resources CEO warns independent oil companies could go bankrupt if production continues amid coronavirus

CNBC


Oil & Gas 360 Editor’s Note: Excellent CNBC Fast Money Interview with Scott Sheffield, CEO, Pioneer Natural Resources. Scott talks about several key points:

  • He has asked President Trump to get involved with the price war between Russia and
Source: Houston Chronicle

Pioneer Natural Resources cuts budget nearly in half as oil falls below $30

Houston Chronicle


Irving oil company Pioneer Natural Resources is cutting its 2020 budget in nearly half as crude prices slipped below $30 per barrel.

The exploration and production company said late Monday afternoon that it plans to spend between $1.7 …

Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2019 Financial and Operating Results; Provides 2020 Outlook

Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2019 Financial and Operating Results; Provides 2020 Outlook

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter and year ended December 31, 2019. Pioneer reported fourth quarter net income attributable to common stockholders of $344 million, or $2.06 per …

Source: Houston Chronicle

Texas oil explorers say predictions of growth contradict dire reality

Houston Chronicle


Texas wildcatters, after years eye-rolling at shale skeptics, are now saying global analysts are underestimating just how severe the industry’s slowdown is.

What’s ticking folks off these days is how the International Energy Agency in Paris and the …

November 27, 2019 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People, Popular 4
Source: nasdaq.com

U.S. oil producers to slash spending for second straight year in 2020

Reuters


U.S. energy producers plan to slash spending for a second straight year in 2020 as companies struggle to extract profits from the U.S. shale boom.

While U.S. crude output hit a record 13 million barrels per day (bpd) this …

Source: Houston Chronicle

Oil rises on signs of U.S. supply drop, OPEC’s shale outlook

Houston Chronicle


Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a “sharp” slowdown in American shale output next year.

Futures added 1.1% in …

Source: pxd.com

Top shale CEO says OPEC shouldn’t worry about U.S. oil growth

Source: Reuters


HOUSTON (Reuters) – Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday that he expects the Permian Basin, the top U.S. shale field, to “slow down significantly over the next several years.”

“I don’t think OPEC has …

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

Source: Lonestar Resources

Energy Bankruptcies Back on the Rise in 2019

From The Houston Chronicle


After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019.

The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and …

Texas Shale Pioneers Struggle to Appease Investors

Texas Shale Pioneers Struggle to Appease Investors

From Reuters


Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.

Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing …

Pioneer Keeps on Drilling Despite Layoffs

Pioneer Keeps on Drilling Despite Layoffs

Down 230 people after layoffs

From The Houston Chronicle

Pioneer Natural Resources recently laid off a quarter of its workforce but continues to drill in the Permian Basin of West Texas.

The Irving-based oil company is seeking permission from the …

Ensign Natural Resources Buys Eagle Ford Acreage, Production from Pioneer

Ensign Natural Resources Buys Eagle Ford Acreage, Production from Pioneer

Ensign Natural Resources Announces Acquisition of Eagle Ford Acreage from Pioneer Natural Resources

U.S. Shale Producers Turn to Jobs Cuts as Investor Pressures Mount

U.S. Shale Producers Turn to Jobs Cuts as Investor Pressures Mount

From Reuters

Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns.

Pioneer Natural Resources Co, one of the largest producers in …

Tim Dove Departs Pioneer, “New” CEO Takes the Helm Immediately

Tim Dove Departs Pioneer, “New” CEO Takes the Helm Immediately

Pioneer also names new chairman
Pioneer Natural Resources Chairman Scott Sheffield returned as CEO today.

In a surprise shift in the corner office that is effective immediately, Pioneer Natural Resources Company (stock ticker: PXD, $PXD) let the world know this

Pioneer Eyes 15% 2019 Growth

Pioneer Eyes 15% 2019 Growth

CapEx plan down 11%
By Richard Rostad, analyst, Oil & Gas 360

Pioneer released fourth quarter earnings today, becoming the first major Permian pure-play to report year-end results.

Pioneer earned $324 million in net income, or $1.89 per share, in

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade
Pioneer Natural Resources Company (stock ticker: PXD) said it

Pioneer Exporting 70% of its Oil Production: We Are Now a Brent-Priced Company – Tim Dove

Pioneer Exporting 70% of its Oil Production: We Are Now a Brent-Priced Company – Tim Dove

Pioneer Natural Resources (ticker: PXD) reported third quarter results yesterday, showing net income of $411 million, or $2.39 per share.

The company produced 288 MBOEPD in the Permian, up 5% from the previous quarter. This is at the high end

In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

Locally sourced frac sand gets the job done at a discount

Last week, Alpine Silica, a private supplier of frac sand, announced that it will open two new frac sand projects—one in Van Horn, Texas and the other in Fay, …

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Forecasts cashflow of approximately $3.2 billion at current strip prices for the remainder of 2018 – $66 per barrel for oil and $2.80 per Mcf for natural gas

Running 20 Permian Hz rigs

Pioneer Natural Resources Company (ticker: PXD) reported …

Heard on the Call: Oil & Gas CEOs Speak Up

Heard on the Call: Oil & Gas CEOs Speak Up

As oil and gas companies dive into the Q4 earnings season in the coming days and weeks, more and more chief executives at E&Ps and oilfield service companies will share their insight as to their recent operations, thoughts about where …

Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

250-275 gross wells expected to be on production in the Permian Basin in 2018

$2.6 billion 2018 Permian-focused CapEx

Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 …

As Big as Ghawar, Permian Oil and U.S. Shale Gas Could Potentially Fill Global Demand

As Big as Ghawar, Permian Oil and U.S. Shale Gas Could Potentially Fill Global Demand

Pioneer’s Scott Sheffield points to the Permian’s full potential, Cheniere CCO Anatol Feygin touts U.S. LNG export growth at the EIA 2017 Energy Conference

It’s been an interesting week or two for U.S. energy on the world stage. The new …

EnerCom Dallas: a Very Positive Mood and a Full House

EnerCom Dallas: a Very Positive Mood and a Full House

Moving from Defense to Offense: industry learned how to work effectively, how to innovate during the downturn, now let’s produce

The presentation room at the Tower Club for EnerCom Dallas was overflowing Wednesday morning by the time WPX Energy (ticker: …

Pioneer Natural Resources: How to Grow Production 15% in a Downcycle

Pioneer Natural Resources: How to Grow Production 15% in a Downcycle

Pioneer Natural Resources continues to escalate the size of completions in the Permian

The last year proved to be a difficult time for many oil and gas companies, but many were able to prosper even as oil prices hit multi-year …

Pioneer Natural Resources: 2016 Production Jumps 15% from Spraberry/Wolfcamp Hz Drilling

Pioneer Natural Resources: 2016 Production Jumps 15% from Spraberry/Wolfcamp Hz Drilling

Pioneer expects to place ~260 horizontal wells on production in 2017

Pioneer Natural Resources: 2016 Production Jumps 15% from Spraberry/Wolfcamp Hz Drilling

  • Pioneer produced 234 MBOEPD in 2016, up 15% from prior year

  • One of the best years in Pioneer’s 20-year history: Dove

  • Exported 525,000 barrels of Permian basin oil in

Permian Producer Pioneer Natural Resources’ Q3 Earnings Call

Permian Producer Pioneer Natural Resources’ Q3 Earnings Call

Retiring Pioneer Natural Resources (ticker: PXD) CEO Scott Sheffield hosted his final earnings call this week

Scott Douglas Sheffield

As most of you all know, this is my last earnings call after 25 years of being public.

I want to …

Texas’ Top Performers by Basin

Texas’ Top Performers by Basin

Most wells testing in the top 20:  EOG leads the Eagle Ford, Pioneer leads the Midland, Cimarex leads the Delaware

KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter …

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering

Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland …

Scott Sheffield Announces Retirement from Pioneer Natural Resources

Scott Sheffield Announces Retirement from Pioneer Natural Resources

After 30 years at the helm, Scott Sheffield announces he will retire as CEO of Pioneer Natural Resources

Scoot Sheffield, one of the most transformative CEOs in the oil and gas business, announced plans to retire from Pioneer Natural Resources …