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Pioneer Natural Resources Company News
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Pioneer Chief Warns of OPEC+ Price War Risk
U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth, according to Pioneer Natural Resources.
8:00 PM EST | April 13, 2021
How Can Smaller E&Ps Navigate the Biden Leasing Ban?
Several informed market-watchers comment on challenges and opportunities for smaller operators.
7:00 PM EST | March 09, 2021
Is US Shale No Longer a Threat to OPEC+?
OPEC and its allies no longer need to be worried about competition for market share from the US, according to Pioneer's CEO.
7:00 PM EST | February 23, 2021
Will Clean Shale Push Repel Biden Climate Attack?
Execs are making the case that fossil fuels from US shale have a lower carbon footprint than imports.
7:00 PM EST | January 31, 2021
Shale CEOs Urge Production Restraint
The new boss of Devon Energy said he won't let this week's rally in oil prices tempt him to return to the days of rampant production growth at any cost.
7:00 PM EST | January 06, 2021
Oil Rig Tally for US Ends Year at Lowest Level Since 2005
Although the US rig count has recovered since August, it remains far below where it began 2020.
7:00 PM EST | December 29, 2020
Will Bigger Be Better for Oil and Gas Players?
Check out Rigzone's review of oil and gas market hits and misses for the week ending Oct. 30, 2020.
8:00 PM EST | October 29, 2020
Is a Healthier Oil Market on the Horizon?
Here is a look back at oil and gas market hits and misses for the week ending Oct. 23, 2020.
8:00 PM EST | October 22, 2020
Hamm Sees Potential for $6 Gasoline Under Biden Admin
The prediction hinges on a dramatic surge in crude oil prices.
8:00 PM EST | October 21, 2020
Modest Deals Reflect Slide for US Shale
There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.
8:00 PM EST | October 19, 2020
Another Permian Operator Sale May Be Underway
Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.
8:00 PM EST | October 19, 2020
Pioneer to Acquire Parsley in $4.5B Deal
It's the latest in a flurry of US shale sector mergers.
8:00 PM EST | October 19, 2020
Oil and Gas Blockchain Group Claims Milestone
The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.
8:00 PM EST | June 07, 2020
Permian Drillers Slash Output Themselves
On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.
8:00 PM EST | May 03, 2020
Pioneer Natural Cuts Budget Almost in Half
As part of the plan, Pioneer will reduce its operated rig count from 22 to 11 within the next two months.
8:00 PM EST | March 17, 2020
Investors Tightening the Screws on Oil, Gas Acquisitions
M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.
7:00 PM EST | February 16, 2020
Is the US Shale Boom Really About to End?
While there is distress for some companies, the situation offers an opportunity for others.
7:00 PM EST | December 25, 2019
Shale Oil Pioneers Say the Boom is Ending
Two shale pioneers think the days of relentless production growth from US unconventional oil fields are ending.
7:00 PM EST | November 05, 2019
Pioneer's 2019 Permian Production Growth on Track
Pioneer still plans to operate an average of 21 to 23 horizontal rigs in the Permian this year.
8:00 PM EST | August 08, 2019
Permian Shale Primed For Mergers and Acqusitions
The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.
8:00 PM EST | March 10, 2019
Pioneer to Move to All West Texas Sand in 2019
Pioneer Natural Resources is closing a sand mine in Central Texas as the company transitions proppant supply to West Texas sand sources.
7:00 PM EST | November 14, 2018
Pioneer Sells Pressure Pumping Assets to Midland Company
Pioneer Natural Resources is selling the assets to Midland, TX-based oilfield services company ProPetro for $400MM.
7:00 PM EST | November 12, 2018
Pioneer Natural Resources Profit Hurt By Higher Costs, Hedging Loss
Pioneer Natural Resources Co posted lower-than-expected quarterly profit due to higher spending and a hedging loss of $358 million that kept the U.S. shale oil producer from fully benefiting from higher crude oil prices.
8:00 PM EST | August 06, 2018
Shale Companies Sink On Investor Disappointment, Hedging Losses
Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.
8:00 PM EST | July 31, 2018
Pioneer Chairman Says Permian Faces Shut Ins on Pipe Shortage
The biggest US shale region will have to shut wells within four months because there aren't enough pipelines to get the oil to customers.
8:00 PM EST | June 19, 2018
Permian's Mammoth Cubes Herald Supersized Future for Shale
In the scrublands of West Texas there's an oil-drilling operation like few that have come before.
7:00 PM EST | February 21, 2018
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don't expect Big Shale to rush and fill the hole left by OPEC in the oil market.
7:00 PM EST | December 03, 2017
Pioneer Natural 3Q Adjusted Profit Beats Expectations
Pioneer Natural Resources posts a better-than-expected adjusted profit, helped by rising commodity prices.
8:00 PM EST | October 31, 2017
Rising Gas Output Drags Down Shares Of US Shale Leader Pioneer
Shares of Pioneer Natural Resources Co plunged after the US shale producer cut its oil-production growth forecast and said it would pump more natural gas this year, spooking investors.
8:00 PM EST | August 01, 2017
Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices
Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.
8:00 PM EST | July 31, 2017
Kemp: US Shale Producers Are Drilling Themselves into a Hole
Drilling and production are rising. Prices are declining.
8:00 PM EST | June 29, 2017
US Oil Drillers Cut Rigs for First Week Since January - Baker Hughes
Analysts, however, noted the weekly decline in the rig count was likely just a brief pause in a drilling recovery.
8:00 PM EST | June 29, 2017
Shale Drillers Are Outspending the World With $84 Billion Spree
North American drillers plan to lift their 2017 outlays by 32% to $84 billion, compared with just 3% for international projects, according to Barclays.
8:00 PM EST | May 08, 2017
Pioneer Natural Resources Reports Strong Results; Forecast Disappoints
Pioneer Natural Resources reports a better-than-expected adjusted profit.
8:00 PM EST | May 02, 2017
Land Swaps Let Permian Drillers Expand Shale Wells on the Cheap
Horizontal drilling in the Permian Basin is creating a new kind of swap meet.
8:00 PM EST | March 28, 2017
US Shale Firms Go Back To Work Buoyed By OPEC Deal, Trump Victory
US shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent output curb pledge.
7:00 PM EST | November 13, 2016
Pioneer Natural Resources CEO Doubts OPEC Will Reach Output Deal
Pioneer Natural Resources CEO Scott Sheffield has little hope that OPEC members will agree later this month to curb production, a step that would boost low oil prices.
8:00 PM EST | November 01, 2016
Shale Oil Firms Hedge 2017 Prices in 'Droves' After OPEC Rally
Independent oil companies are using the post-OPEC rally to hedge their price risk for next year, banks and consultants say, a trend that's likely to be viewed with concern from Saudi Arabia to Venezuela.
8:00 PM EST | October 02, 2016
Pioneer Says Some US Fracking Costs Competitive with Saudis
Improved fracking techniques have helped cut Pioneer Natural Resources' production costs in the Permian Basin to about $2 a barrel, low enough to compete with oil rival Saudi Arabia, CEO Scott Sheffield said on Thursday.
8:00 PM EST | July 27, 2016
Fracker Pioneer Posts Wider Second-Quarter Loss on Derivatives
U.S. oil producer Pioneer Natural Resources Co posted a second-quarter net loss that widened from a year earlier on $229 million in losses on derivatives it uses to insulate its revenues from volatile oil prices.
8:00 PM EST | July 26, 2016
Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.
8:00 PM EST | July 25, 2016
Canadian Energy Earnings Hint at Brighter Outlook for Oil
The Canadian oil and gas earnings season kicks off with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity.
8:00 PM EST | July 20, 2016
Devon Sells Texas Land to Pioneer, Undisclosed Buyer for $858M
U.S. shale oil producer Devon Energy Corp said it would sell Texas acreage to Pioneer Natural Resources Co and an undisclosed buyer for $858 million, as the pace of asset sales picks up on recovering oil prices.
8:00 PM EST | June 14, 2016
Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery
BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow.
8:00 PM EST | April 26, 2016
Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.
8:00 PM EST | April 24, 2016
Big Oil's `Rock Star' in Congress Runs Rig Tours for Support
Congressman Steve Scalise is one of the oil industry's busiest tour guides in Congress.
8:00 PM EST | April 17, 2016
US Oil Drillers Cut Rigs to November 2009 Lows
Baker Hughes says US energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009.
8:00 PM EST | April 14, 2016
Oil, Gas Companies Lay Off Hundreds More Texas Workers
As difficult market conditions continue, two more oil and gas companies announce layoffs in Texas.
7:00 PM EST | February 15, 2016
It'll Take More Than An Oil Rally To Restart Shale Boom
Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.
7:00 PM EST | February 10, 2016
Texas Shale Drillers Lure $2 Billion in New Equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel.
7:00 PM EST | February 01, 2016