Pioneer Natural Resources

Pioneer Natural Resources Company
NYSE: PXD
IndustryPetroleum industry
Founded1997; 27 years ago (1997)
DefunctMay 3, 2024; 6 months ago (2024-05-03)
FateAcquired by ExxonMobil
HeadquartersIrving, Texas, U.S.
Key people
Richard P. Dealy, President & CEO
Products
Production output
617 thousand barrels of oil equivalent (3,770,000 GJ) per day (2022)
RevenueIncrease US$24.294 billion (2022)
Increase US$7.845 billion (2022)
Total assetsDecrease US$35.740 billion (2022)
Total equityDecrease US$22.541 billion (2022)
Number of employees
2,213 (December 2023)
Websitepxd.com
Footnotes / references
[1]

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder.[1] In May 2024, the company was acquired by ExxonMobil.

As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454×1010 GJ) of proved reserves, of which 41% was petroleum, 23% was natural gas liquids, and 28% was natural gas. In 2022, the company produced 649 thousand barrels of oil equivalent (3,970,000 GJ) per day, of which 58% was petroleum, 23% was natural gas liquids, and 19% was natural gas.[1]

  1. ^ a b c "Pioneer Natural Resources Company 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.