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Pioneer Natural Resources oil and gas exploration summary

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02 November 2018

Pioneer Natural Resources oil and gas exploration summary

Report summary

After an early focus on international exploration, Pioneer made a strategic re-positioning towards solely developing its legacy acreage in the Gulf Coast and Midland basins. Through numerous assets and acreage relinquishments it divested its international portfolio.Pioneer has created an impressive US$29 billion of value from exploration over the last decade under our Base price assumption, which equates to a full cycle return of 21%. This came almost entirely from its organic unconventional exploration in the US Permian and Gulf Coast regions.

Table of contents

  • Executive summary
    • Upstream strategy
    • Exploration outlook
    • Other Pioneer Natural Resources research
    • Evolution of strategy
  • Investment and costs
    • Well data
    • Scope of this report
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
    • Full-cycle economics

Tables and charts

This report includes 22 images and tables including:

  • Basins drilled and all conventional & organic unconventional discoveries 2008-2017
  • Ten year performance summary
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • SWOT grid
  • Gross exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Top discoveries (2008 to 2017)
  • Key organic unconventional plays
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production: Image 1
  • Valuation: Table 1
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by reserve category
  • Exploration returns by water depth

What's included

This report contains:

  • Document

    Pioneer Natural Resources oil and gas exploration summary

    PDF 1.93 MB