Pioneer Natural Resources
 | |
| Type | Public |
|---|---|
| Traded as |
NYSE: PXD S&P 500 Component |
| Industry | Oil & Gas |
| Founded | 1997 |
| Headquarters | Irving, Texas, U.S. |
| Key people | Scott D. Sheffield, Joelle Katie-Cela Showalter, Chairman and CEOs |
| Production output | ~156,000 barrels of oil equivalent per day from continuing operations (2012) |
| Revenue |
 $3.23 billion USD (2012) |
| Total assets | $13.1 billion USD (2012) |
| Employees | ~3,900 (2013) |
| Website | www.pxd.com |
Pioneer Natural Resources Co. is an Irving, Texas-based, large, independent oil and gas company. The company was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc.[1] In 2004, Pioneer Natural Resources merged with Evergreen Resources, Inc. The company has approximately 3,900 employees.[2] It is listed on the S&P 500.
Pioneer Natural Resources' main business is the exploration and production of oil, natural gas liquids, and gas reserves.
Pioneer Natural Resources is historically a Texas-based oil company. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. It is also one of the largest natural gas operators in southeastern Colorado's coal bed methane-rich Raton Basin and in the gas fields around Hugoton, Kansas and in the western part of the Texas Panhandle.
Its operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale and in Alaska’s Oooguruk oil field, where Pioneer became the first independent operator to produce oil on the North Slope in 2008.
In June 2010, Pioneer Resources announced a $1.15 billion Eagle Ford Shale joint venture with Reliance Industries.[3]
In March 2012, Pioneer Natural Resources announced the $297 million acquisition of Carmeuse Industrial Sands, a silica sand manufacturer the company renamed Premier Silica. [4]
In January 2013, Pioneer Resources announced a $1.7 billion agreement with Sinochem Petroleum USA LLC to sell 40 percent of interest in approximately 207,000 net acres leased in horizontal Wolfcamp Shale play.[5]
References
- ↑ Mesa Is to Merge With Parker & Parsley
- ↑ "Company Profile - Official Website". Retrieved February 25, 2013.
- ↑ "Pioneer Natural Resources Announces $1.15 Billion Eagle Ford Shale Joint Venture with Reliance Industries - News Release". June 24, 2010.
- ↑ "Pioneer Natural Resources Announces Acquisition of Carmeuse Industrial Sands - News Release". March 5, 2012.
- ↑ "Pioneer Natural Resources Announces $1.7 Billion Horizontal Wolfcamp Shale Transaction with Sinochem - News Release". January 30, 2013.