Pioneer

Cheniere Partnering with EQT, Pioneer Natural and Other E&Ps to Curb Natural Gas Emissions

Cheniere Partnering with EQT, Pioneer Natural and Other E&Ps to Curb Natural Gas Emissions

Cheniere Energy Inc., the largest producer of liquefied natural gas (LNG) in the United States, is partnering with some of the country’s leading oil and natural gas producers to better understand and cut greenhouse gas emissions (GHG) upstream from its export terminals.  The project brings together Aethon Energy Management, Ascent Resources Utica LLC, EQT Corp.,…

June 10, 2021
Pioneer Natural’s Permian Production Slightly Dented by Icy Blast in Texas

Pioneer Natural’s Permian Production Slightly Dented by Icy Blast in Texas

The harsh winter weather encountered in Texas last week took a bite out of Permian Basin giant Pioneer Natural Resources Co.’s oil production, but the company should make up the loss and more in 2021, CEO Scott Sheffield said Wednesday. The winter storm last week knocked out about 30,000 b/d of oil output, but most…

February 24, 2021
Pioneer Natural, Parsley Combination Brings Sheffield Leverage

Pioneer Natural, Parsley Combination Brings Sheffield Leverage

Pioneer Natural Resources Co. struck a deal valued at $7.6 billion including debt late Tuesday to join forces with rival Parsley Energy Inc. in the second big Permian Basin tie-up this week. The combined company would hold substantial sway in the Permian, with an estimated 930,000 net acres and with no federal leases. At the…

October 21, 2020

NGTL Looking to Expand Natural Gas Grid in Alberta with Pipeline Purchase

TC Energy Corp.’s western supply grid, Nova Gas Transmission Ltd. (NGTL), has signed a letter of intent to buy natural gas power supply conduit Pioneer Pipeline from TransAlta Corp. and Tidewater Midstream Ltd. for C$255 million ($190 million).

March 12, 2020
Pioneer Energy Declares Bankruptcy on Energy Industry’s ‘Difficult Economics’

Pioneer Energy Declares Bankruptcy on Energy Industry’s ‘Difficult Economics’

Lower 48 oilfield services provider Pioneer Energy Service Corp. has filed for voluntary bankruptcy and is planning a comprehensive financial restructuring under an agreement with key stakeholders.

March 3, 2020

Pioneer’s Waha Exposure ‘Very Minimal’ as GCX Moving Most Permian Volumes to Gulf Coast

Pioneer Natural Resources Co. expects to see “very minimal” exposure to Waha hub natural gas prices as it moves more volumes from the Permian Basin south via Gulf Coast Express, which are priced at Houston Ship Channel or New York Mercantile Exchange indexes.

November 5, 2019

Pioneer Natural Reports Improving Permian Results on Lower Spending, FT Contracts

Dallas-based independent Pioneer Natural Resources Co.’s firm transportation (FT) contracts in the Permian Basin paid dividends in the first quarter, with oil yielding Brent-related pricing, leading to an incremental $151 million of cash flow.

May 7, 2019

People — Pioneer CEO Dove Retires

Pioneer Natural Resources Co. announced that CEO Timothy L. Dove, who has been with the company for 24 years, would retire immediately. Chairman Scott D. Sheffield is again taking the helm. Sheffield, founding CEO who served from 1997-2016, has been chairman since 1999. Lead director J. Kenneth Thompson has been named chairman. Pioneer in its 4Q2018 report said net income fell by more than half year/year to $324 million ($1.89/share) from $665 million ($3.87). Mark-to-market derivatives gains recorded during 4Q2018, excluding one-time items, put adjusted net profits at $202 million ($1.18). “Tim has expressed his desire to retire and we have mutually agreed that now is the right time,” Sheffield said. “Over the last several years, our industry has changed significantly, and we have become a pure-play Permian company…In the coming weeks, I plan to engage with our employees and shareholders to understand their views on how to expand Pioneer’s industry leadership position.”

February 21, 2019

Pioneer Shows Progress with Permian Well Efficiencies, FT Agreements

Pioneer Natural Resources Co., which is using innovative drilling techniques on vintage and new wells in the Permian Basin, expects to increase volumes from its West Texas holdings by 16% year/year even on lower spending.

February 15, 2019

ProPetro Trades Cash, Shares for Pioneer Natural’s Permian HHP Assets

Pioneer Natural Resources Co. is selling its pressure pumping assets to ProPetro Holding Corp., which plans to provide oilfield services (OFS) in the Permian Basin for the independent for 10 years.

November 13, 2018
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