Pioneer to Perform Geophysical Survey in Utah

Pioneer Oil and Gas announced that it will be participating in a large geophysical survey covering over 750 miles in the Central Utah Overthrust, where Pioneer has substantial acreage, in order to image the most promising structures for further work and drilling.

Two recently purported discoveries have added substantial interest in the play and indicate that the play may extend much farther south where the Company also has substantial holdings. Pioneer has interests in over 400,000 acres in the Central Utah Overthrust.