Pioneer Hits

Pioneer Natural Resources announced a significant discovery at Mississippi Canyon block 305. Pioneer has a 25% interest in the well; Elf Exploration is the operator with a 50% interest and Mariner Energy also owns 25%. According to Pioneer president, Scott Sheffield, the 14,000 foot well encountered 200 feet of net pay. The well was drilled by Transocean Offshore’s drillship, Discoverer Seven Seas.