Scott Sheffield – Oil & Gas 360

Pioneer’s Scott Sheffield fires back at FTC allegations following $60 billion ExxonMobil deal

May 29, 2024

World Oil (Bloomberg) – Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices, Fig. 1. Sheffield, a key figure in the rise of the U.S. shale industry, filed a request Tuesday with the Federal Trade Commission asking the agency to

Pioneer Natural Resources Scott Sheffield officially retires, new CEO begins role

January 3, 2024

World Oil (WO) – Pioneer Natural Resources Company announced that Richard (“Rich”) P. Dealy has commenced his new role as Chief Executive Officer (CEO), and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective Jan. 1, 2024. Dealy succeeds Mr. Sheffield, who retired as CEO on Dec. 31, 2023. Sheffield and Dealy

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch

October 16, 2023

Nasdaq HOUSTON – Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources PXD.N the oilfield’s biggest prize. The CEO concentrated the business, exiting less productive properties and dumping an in-house service arm, and set out a mission to make Pioneer the leanest,

Pioneer joins strong Q3 oil lineup with forecast-beating profits

October 28, 2022

Oil Price Pioneer Natural Resources became the latest oil major to report bumper profits for the third quarter, exceeding analyst expectations. The result was made possible by stronger oil prices, with Pioneer enjoying an average price per barrel of $94.23 during the reporting period, the company said in a news release. The average price for gas was $7.57 per thousand

Pioneer CEO stays on the sidelines of latest shale M&A round

August 5, 2021

World Oil HOUSTON –With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals. “There’s no more reason for Pioneer to do any more M&A,” Scott Sheffield, the chief executive officer of Pioneer Natural Resources Co., said in

Texas oil explorers say predictions of growth contradict dire reality

November 27, 2019

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 Energy Information Administration in Washington still predict robust U.S. production growth next year, despite the dire reality on the ground.

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

November 5, 2019

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.” Source: pxd.com “I don’t think OPEC has to worry that much more about U.S. shale growth long term,” Sheffield said on Tuesday on a call

Pioneer Natural Resources: “I Didn’t Come Back to Sell the Company” – Pioneer CEO Scott Sheffield

May 7, 2019

On the call: talks about using the “DrillCo” structure By Richard Rostad, analyst, Oil & Gas 360 Pioneer Natural Resources (ticker: PXD) announced first quarter results today, showing $350 million in net income or $2.06 per share. Pioneer produced an average of 320 MBOEPD in Q1 from the Permian, above expectations. The company spent $928 million in the basin this

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

February 21, 2019

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 afternoon that Timothy L. Dove has retired as CEO and director and that its board chairman, Scott D. Sheffield, will

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

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