Dallas-based Pioneer Natural Resources Co., which has peeled off assets to keep the focus solely on the Permian Basin, produced above guidance in the third quarter, with more of its oil and gas heading to the Texas coast for export.
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Articles from Pioneer
Pioneer Secures In-Basin Sand, 15-Year Contract for Permian Operations with U.S. Silica
Dallas-based Pioneer Natural Resources Co., one of the largest Permian Basin producers, has secured fracture sand reserves near its West Texas operations in a 15-year deal with U.S. Silica Holdings Inc.
Pioneer Natural Selling West Panhandle Assets for $201M
Dallas-based Pioneer Natural Resources Co., transitioning to a Permian Basin pure-play, has agreed to sell all of its interests in a former staple, the West Panhandle field in Texas, for $201 million.
Briefs — Pioneer Natural
Dallas-based Pioneer Natural Resources Co. has agreed to sell all of its Raton Basin assets in southeastern Colorado, including natural gas wells and infrastructure, to Evergreen Natural Resources LLC for $79 million. Net production from the assets averaged 84 MMcf/d (14,000 boe/d) in 1Q2018, almost all natural gas. The transaction is expected to close by the end of July. The sale is expected to result in a pre-tax noncash loss of $65-75 million in 2Q2018.
Pioneer Touts Takeaway Security for Permian Oil, Natural Gas
Pioneer Natural Resources Co. is working to assuage investor concerns about Permian Basin pipeline constraints, noting that oil contracts to the Gulf Coast have insulated the company from price differentials, while three-quarters of its natural gas production is under firm contract to sell in Southern California.
Sundance Pads Eagle Ford Position with More Pioneer Acreage
Pioneer Natural Resources Co., whose fortunes today are centered in the Permian Basin, said Tuesday it is selling more of its Eagle Ford Shale acreage to Sundance Energy Inc. for $102 million.
Sundance Bolts On Eagle Ford Acreage in $221.5M Deal with Pioneer
Denver-based Sundance Energy Australia Ltd. struck a deal with Pioneer Natural Resource Co. to buy almost 22,000 acres and 1,800 boe/d of production in the Eagle Ford Shale, bolting on to an existing leasehold in South Texas.
Pioneer Natural’s Permian-Weighted Output Up 6% From 2Q, Despite Harvey Impacts
Pioneer Natural Resources Co., one of the leading Permian Basin oil and natural gas producers, reported a 6% sequential increase in third quarter production, even as it fought downtime from shut-ins and midstream issues related to Hurricane Harvey.
Pioneer Growing Spraberry/Wolfcamp Production, Resuming Eagle Ford Activity
Pioneer Natural Resources Co. continues to work its Spraberry/Wolfcamp acreage in the Permian Basin with its latest — and most successful so far — well completion design. Meanwhile, company activity is returning to the Eagle Ford Shale.
Pioneer’s Growth Permian-Powered in 2017 and Beyond
Dallas-based Pioneer Natural Resources Co., whose Texas-rich oil and natural gas growth is driven by the Permian Basin, plans to operate 18 horizontal rigs in the Spraberry/Wolfcamp formations this year as it works toward 15%-plus overall compound annual production growth through 2026.