Pioneer Natural added proved reserves totaling 148MMBOE during 2011
Pioneer Natural Resources announced that the Company added proved reserves totaling 148 million barrels oil equivalent during 2011 from discoveries, extensions, improved recovery and technical revisions of previous estimates. These drillbit proved reserve additions equate to replacing 313% of Pioneer’s full-year 2011 production of 49 MMBOE. The drillbit finding and development cost related to proved reserve additions was $13.83 per barrel oil equivalent. :theflyonthewall.com