Pioneer Natural Resources Archives - Page 4 of 4

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

July 7, 2017

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 administration’s pro-energy development posture has gone into overdrive. From energy-focused cabinet leaders mandating studies as to the need for new

EnerCom Dallas: a Very Positive Mood and a Full House

March 3, 2017

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: WPX) Chairman and CEO Rick Muncrief took the microphone a 8:00 a.m. and laid out his company’s stark turnaround. In his presentation

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

February 23, 2017

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 lows and began a slow recovery through the second half of the year. Pioneer Natural Resources (ticker: PXD) was able

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

February 8, 2017

Pioneer expects to place ~260 horizontal wells on production in 2017 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 Q4 2016 Looks to ship two 525,000 barrel cargoes to Asia in Q1 2017: $2.5 billion D&C CapEx targets 18

Permian Producer Pioneer Natural Resources’ Q3 Earnings Call

November 4, 2016

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 extend a special thanks to all shareholders and to all analysts on the call and our great relationship that we’ve

Texas’ Top Performers by Basin

October 20, 2016

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 of the year, noting that activity is down overall, but that test rates are increasing per well. July 2016 production

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

June 16, 2016

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 Basin for a cumulative $858 million. This is comprised of two separate transactions, both in the Midland Basin. In the

Horizontal drilling operations Encana - Oil & Gas 360

Scott Sheffield Announces Retirement from Pioneer Natural Resources

May 20, 2016

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 (ticker: PXD) after more than 30 years of leading the company and its predecessor, Parker & Parsley. Sheffield will retire

Pioneer Natural Resources First Quarter 2016 Financial and Operating Results

April 28, 2016

DALLAS–(BUSINESS WIRE)–Apr. 25, 2016– Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter ended March 31, 2016. Pioneer reported a first quarter net loss attributable to common stockholders of $267 million, or $1.65 per diluted share. Without the effect of noncash mark-to-market derivative losses and other unusual items, adjusted results for

Oil Prices bring new thinking to Energy Companies

Completion Evolution Improving Capital Intensity for Pioneer Natural Resources: KLR

April 27, 2016

From KLR Group – April 27, 2016 Pioneer Natural Resources (PXD) Completion Evolution Improving Capital Intensity Price Target: $168.00 Price: $165.36 Investment thesis KLR is increasing its target price $3 to $168 per share due to a ~2.5% decrease in capital intensity and lower operating expense partly offset by lower liquids price realizations. Early this year, given weak commodity prices, Pioneer

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%

Energy Market Upside: Pioneer Natural Resources Keeps Leverage Low

December 15, 2015

Pioneer offers low leverage for a high EBITDA margin Lower oil prices have put strain on even the best of companies. Those that have managed to maintain strong balance sheets stand to weather the storm the best, as low oil prices persist. Pioneer Natural Resources (ticker: PXD) has kept its debt load low compared to its peers, giving it more

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