Company Report

Pioneer Natural Resources oil and gas exploration summary

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Pioneer has been transitioning to a returns-focused strategy for the last year, built on several key elements: low-cost supply, depth of inventory, strong balance sheet and disciplined reinvestment. Pioneer was an initially an international explorer, with operations in Nigeria, Tunisia, Alaska and South Africa and onshore US Lower 48. However, through numerous asset and acreage relinquishments it divested its international portfolio, and is now purely focused on developing the prospective Spraberry/Wolfcamp play in the Permian Basin, US. The company continues to be at the forefront of unconventional engineering, incorporating the latest available horizontal drilling and completion techniques.

Table of contents

  • Production and potential cost of production
    • Focus on Wolfcamp play continues to drive value
    • M&A activity strengthening Permian-focus strategy
    • Not-so-smooth transition to a Permian pure-play

Tables and charts

This report includes 8 images and tables including:

  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Finding and development costs for added resources
  • Full-cycle economics
  • Top 10 conventional discoveries by development value (2010-2019)
  • Conventional value and spend by country
  • Exploration returns by water depth
  • Conventional value creation
  • Unconventional value creation

What's included

This report contains:

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    Pioneer Natural Resources oil and gas exploration summary

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    Pioneer Natural Resources oil and gas exploration summary

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