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Stock Market & Financial Investment News

News Breaks
January 30, 2013
08:03 EDTPXDPioneer Natural discontinuing divesture process for Barnett Shale properties
Pioneer Natural has discontinued efforts to divest its properties in the Barnett Shale. Pioneer commenced a divestiture process for these properties in September 2012. Several bids were received in December, but none were representative of the value Pioneer places on these properties. As a result, Pioneer will retain operatorship of this asset. Pioneer holds approximately 155,000 gross acres in the play, of which approximately two-thirds are located in the liquids-rich Barnett Shale Combo play. With the discontinuance of the divestment process, the financial and operating results for these properties will be reclassified back to continuing operations beginning in Q4 2012.
News For PXD From The Last 14 Days
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July 22, 2015
08:37 EDTPXDPioneer Natural affirms FY15 production growth forecast of at least 10%
Pioneer is maintaining its full-year 2015 production growth forecast at 10%+. Although production growth in the Eagle Ford Shale is now forecasted to be nominal in 2015, production from the Spraberry/Wolfcamp is forecasted to grow by 22%-24% in 2015 compared to the 20%+ previously forecasted. The reduction in the Eagle Ford Shale growth rate is primarily due to the delays in placing wells on production and performance issues during the first half of 2015, while the increase in the Spraberry/Wolfcamp growth rate reflects the continuing strong performance of the horizontal drilling program, especially in Pioneer’s northern acreage.
08:36 EDTPXDPioneer Natural Resources reports 197,000 BOEPD in Q2
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06:28 EDTPXDPioneer Natural coverage assumed with an Outperform at Credit Suisse
Target $186.

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