At the start of our study period, Pioneer was an international explorer with operations in Argentina, Canada, Equatorial Guinea, Gabon, South Africa, Tunisia, Alaska, US Gulf of Mexico and onshore Lower 48. However, after discovering its legacy acreage in the Gulfcoast and Midland basins were prospective to the Eagle Ford and Wofcamp shale plays, Pioneer shifted its focus toward developing these two assets. Throughout the period, regardless of its asset base, Pioneer placed a heavy emphasis on attracting and developing skilled geo-science staff. Horizontal drilling will drive reserve additions in the Permian region. In the northern Midland Basin, the Wolfcamp B bench is the primary target, but Pioneer is also testing horizontal drilling in the Jo Mill shale, Middle and Lower Spraberry intervals as well as the Wolfcamp A and D benches. We expect Pioneer to drill over 130 net wells in the Permian region during 2015, spending close to US$1 billion.
This report includes 2 file(s)
Pioneer Natural Resources oil and gas exploration summary PDF - 874.67 KB 14 Pages, 6 Tables, 18 Figures
Pioneer Natural Resources.xls XLS - 514.00 KB
Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.
Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.
Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.
We work across every sector of oil, gas, power,renewables,chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.
Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.
At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.
Company report | Sep 2015
Pioneer Natural Resources oil and gas exploration summary
Have questions?Just let us know how to contact you and we will respond to you as soon as possible.