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News Breaks | | | | February 7, 2013 | | 08:39 EDT |  | PXD | Pioneer Natural reports 2012 added proved reserves and finding costs
Pioneer Natural added proved reserves totaling 161 MMBOE during 2012 from discoveries, extensions, improved recovery and technical revisions of previous reserve estimates. The drillbit finding and development (F&D) cost related to proved reserve additions was $17.72 per BOE. The company recognized negative price revisions of 82 MMBOE during 2012. As of December 31, 2012, all of Pioneer’s proved reserves are in the U.S. and 58% are classified as PD. Approximately 45% of the company’s proved reserves are oil, 21% are NGLs and 34% are gas. | |
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News For PXD From The Last 14 Days Check below for free stories on PXD the last two weeks. |
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| May 21, 2013 | | 16:20 EDT | | PXD | Pioneer Natural reports 1,572 BOEPD at Mabee K #1H well
Pioneer Natural Resources announced that it has placed on production the company's first horizontal Wolfcamp Shale well in Martin County, Texas. The Mabee K #1H well had an initial 24-hour peak natural flow rate of 1,572 barrels oil equivalent per day, or BOEPD, with 77% oil content. The well was completed in the Wolfcamp B interval utilizing a 27-stage hybrid fracture stimulation over the well's perforated lateral length of 6,671 feet. The initial 24-hour peak natural flow rate for the Mabee K #1H well compares very favorably with the initial 24-hour peak natural flow rate for the DL Hutt C #1H well, Pioneer's first horizontal Wolfcamp Shale B interval well in Midland County, Texas. The DL Hutt C #1H well had an initial 24-hour peak natural flow rate of 1,693 BOEPD with 75% oil content. This well utilized a 30-stage hybrid fracture stimulation over the well's longer perforated lateral length of 7,380 feet. When normalizing the lateral length of the Mabee K #1H well to the longer lateral length of the DL Hutt C #1H well, the comparable 24-hour peak natural flow rate for the Mabee K #1H well would have been higher than the DL Hutt C #1H well at 1,739 BOEPD. The Mabee K #1H well is located approximately 30 miles north of the DL Hutt C #1H well and 50 miles north of Pioneer's first two horizontal Wolfcamp Shale B interval wells in the Giddings area in Upton County. | | | May 15, 2013 | | 17:36 EDT | | PXD | Paulson gives quarterly update on stakes
 Subscribe for More Information | | | 17:18 EDT | | PXD | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | 07:35 EDT |  | PXD | Credit Suisse to host a symposium
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