pioneer natural resources co (PXD) Key Developments
Pioneer Natural Resources Company Reports Production for the Second Quarter of 2015; Provides Production Guidance for the Year 2015
Jul 22 15
Pioneer Natural Resources Company reported production for the second quarter of 2015. The company's production averaged 197,000 barrels oil equivalent per day (MBOEPD) in the second quarter of 2015, of which 51% was oil production. Oil sales averaged 101,000 barrels per day (MBPD), natural gas liquids (NGLs) sales averaged 37 MBPD and gas sales averaged 356 million cubic feet per day. The company's production guidance for the quarter was 198 MBOEPD to 203 MBOEPD.
The company is maintaining its full-year 2015 production growth forecast at 10%+. Although production growth in the Eagle Ford Shale is now forecasted to be nominal in 2015, production from the Spraberry/Wolfcamp is forecasted to grow by 22% to 24% in 2015 compared to the 20%+ previously forecasted. The reduction in the Eagle Ford Shale growth rate is primarily due to the delays in placing wells on production and performance issues during the first half of 2015, while the increase in the Spraberry/Wolfcamp growth rate reflects the continuing strong performance of the horizontal drilling program, especially in Pioneer's northern acreage.
Pioneer Natural Resources Co. Appoints Mona K. Sutphen and Michael D. Wortley to its Board of Directors
Jul 1 15
Pioneer Natural Resources Co. announced that Mona K. Sutphen and Michael D. Wortley have been appointed to its Board of Directors, effective immediately. Ms. Sutphen and Mr. Wortley will serve as independent directors under the board’s appointment for initial terms that expire at Pioneer’s annual meeting of stockholders in 2016. Ms. Sutphen is a Partner at Macro Advisory Partners LLP, and previously spent three years at UBS AG as Managing Director. Ms. Sutphen is a Member of the President’s Intelligence Advisory Board. Mr. Wortley has practiced corporate law for over 35 years, focusing primarily on corporate governance matters and mergers and acquisitions, including over 25 years in management positions. He has represented public and private entities and private equity funds in connection with mergers, asset sales, issuances of securities and restructurings. Mr. Wortley was a partner in the Dallas, Texas, office of Vinson & Elkins LLP from 1995 to 2014 and served in various capacities, including Chief Operating Partner of the firm and Managing Partner of the Dallas office.
Pioneer Natural Resources Co. Presents at JPMorgan Oil & Gas 1x1 Forum, Jun-18-2015
Jun 17 15
Pioneer Natural Resources Co. Presents at JPMorgan Oil & Gas 1x1 Forum, Jun-18-2015 .
Pioneer Natural Resources Co. Presents at 11th Annual Hotter ‘N Hell Energy Conference, Jun-17-2015
Jun 15 15
Pioneer Natural Resources Co. Presents at 11th Annual Hotter ‘N Hell Energy Conference, Jun-17-2015 . Venue: The Houstonian Hotel, 111 North Post Oak Lane, Houston, TX, 77024, United States.
Pioneer Natural Resources To Sell 640,000 Acres Of Colorado Oil And Gas Leases
Jun 9 15
Pioneer Natural Resources Co. (NYSE:PXD) announced plans to sell 6,40,000 acres of mineral rights it holds in eastern Colorado.