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February 7, 2013
08:39 EDTPXDPioneer 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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July 1, 2015
18:20 EDTPXDShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link

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