Pioneer Natural Resources
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| Public company | |
| Traded as | : PXD S&P 500 Component |
| Industry | Petroleum industry |
| Founded | 1997 |
| Headquarters | Irving, Texas |
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Key people
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Scott D. Sheffield (CEO) |
| Products | petroleum, natural gas, and natural gas liquids |
|
Production output
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233 thousand barrels of oil equivalent (1,430,000 GJ) per day |
| Revenue |  US$3.824 billion (2016) |
| -US$556 million (2016) |
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| -US$556 million (2016) |
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| Total assets |  US$16.459 billion (2016) |
| Total equity | US$10.411 billion (2016) |
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Number of employees
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3,604 (2016) |
| Website | www |
Pioneer Natural Resources Company is a petroleum, natural gas, and natural gas liquids exploration and production company based in Irving, Texas.
Pioneer Resources is the largest acreage holder in the Cline Shale, which is part of the Permian Basin.
As of December 31, 2016, the company had 725 million barrels of oil equivalent (4.44×109 GJ) of proved reserves, of which 52% was petroleum, 19% was natural gas liquids, and 29% was natural gas. All of the company's reserves are in the United States.
In 2016, the company produced 233 thousand barrels of oil equivalent (1,430,000 GJ) per day, of which 73% was in the Spraberry Trend, 15% was in the Eagle Ford shale, 7% was in the Raton Basin, and 5% was in the Western Panhandle of Texas.
On May 11, 2016, at the Citi Global Energy & Utilities Conference in Hong Kong's Mandarin Oriental, Scott Sheffield, CEO of Pioneer, along with support from Tom Spalding, a geologist and Pioneer's vice president for geoscience, announced that more than 10 billion and possibly as much as 75 billion barrels of oil equivalent had been discovered in Permian shales.
The company was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc., owned by T. Boone Pickens
In 2002, Pioneer made discoveries in its offshore Oooguruk field, west of Prudhoe Bay, Alaska. In 2008, Pioneer became the first independent operator to produce oil on the Alaska North Slope. These holdings were sold for $550 million in 2013.
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Wikipedia