Pioneer Natural Resources Company

Pioneer Natural Resources Company today announced that President and Chief Executive Officer Tim Dove will participate in a panel discussion at Goldman Sachs Global Energy Conference on Tuesday, January 8, at 10:15 a.m. Eastern Time. It will not be webcast. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more [...]

Pioneer Natural Resources Company today announced that its Board of Directors authorized a common stock repurchase program that will allow the Company to repurchase up to $2 billion of its common stock. Based upon Pioneer’s current share price, this represents approximately 8% of the Company’s market capitalization. President and CEO Timothy L. Dove stated, “The announced share repurchase program [...]

Pioneer Natural Resources Company today announced its fourth quarter 2018 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 13, 2019. A conference call is scheduled for Thursday, February 14, 2019, at 9:00 a.m. CST to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown [...]

Pioneer Natural Resources Company today announced that it will close its sand mine located in Brady, Texas, and transition proppant supply to West Texas sand sources. The Company expects to wind down operations during the first quarter of 2019 and transition to 100% West Texas sand by May 2019. Pioneer anticipates sand savings of approximately $400,000 per well based upon full utilization of West Texas sand. Associated [...]

Pioneer Natural Resources Company today announced that it has entered into an agreement with ProPetro Holding Corp. by which ProPetro will become a strategic long-term service provider to Pioneer providing pressure pumping and related services for up to 10 years. Under the agreement, Pioneer will divest its pressure pumping assets to ProPetro in exchange for total consideration of $400 million comprised of $110 million of [...]

Pioneer Natural Resources Company today reported financial and operating results for the quarter ended September 30, 2018. Pioneer reported third quarter net income attributable to common stockholders of $411 million, or $2.39 per diluted share. Without the effect of noncash mark-to-market derivative gains of $38 million after tax, or $0.22 per diluted share, and asset divestiture related net benefits of $18 million, or [...]

Pioneer Natural Resources Company today announced that Executive Vice President and Chief Financial Officer Rich Dealy will present at The Bank of America Merrill Lynch Global Energy Conference on Thursday, November 15, 2018, at 2:50 p.m. ET. Any interested person may listen to the live presentation and view the presentation slides during the conference, or hear an archived version afterwards, by logging on to [...]

Pioneer Natural Resources Company today announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest field for net proceeds of $132 million, subject to normal closing adjustments. The transaction is expected to close during the fourth quarter of 2018, subject to the satisfaction of customary closing conditions. The acreage is located in [...]

Pioneer Natural Resources Company and U.S. Silica Holdings, Inc. today announced that the companies have entered into a long-term sand supply agreement by which Pioneer will purchase an interest in U.S. Silica’s sand reserves at its Lamesa, Texas, mine in West Texas. This agreement secures a long-term supply of sand from the mine, with U.S. Silica processing and supplying sand to Pioneer for 15 years. Timothy L [...]

Pioneer Natural Resources Company today announced its third quarter 2018 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, November 06, 2018. A conference call is scheduled for Wednesday, November 07, 2018, at 9:00 a.m. Central Time to discuss the third quarter results. Instructions on how to listen to the call and view the accompanying presentation are [...]