US7237871071 - Common Stock
PIONEER NATURAL RESOURCES CO
NYSE:PXD (5/2/2024, 8:15:12 PM)
After market: 269.82 +0.2 (+0.07%)269.62
+1.96 (+0.73%)
Pioneer Natural Resources Co. operates as an independent oil and gas exploration and production company. The company is headquartered in Irving, Texas and currently employs 2,076 full-time employees. The firm explores for, develops and produces oil, natural gas liquids (NGLs) and gas in the Midland Basin in West Texas. The firm conducts exploitation and exploration activities in the Spraberry/Wolfcamp oil field located in the Midland Basin in West Texas. The firm holds approximately 964 thousand gross acres, of which 948 thousand gross acres are located in the Spraberry/Wolfcamp field in the Midland Basin of West Texas. The firm has a joint venture with Sinochem Petroleum USA LLC, which encompasses approximately 212 thousand gross acres. The oil produced from the Spraberry/Wolfcamp field in the Midland Basin is West Texas Intermediate Sweet, and the gas produced is casinghead gas with an average energy content of 1,400 British thermal unit (Btu). The oil and gas are produced primarily from six formations, including Spraberry, Jo Mill, Dean, Wolfcamp, Strawn and Atoka.
PIONEER NATURAL RESOURCES CO
777 Hidden Ridge
Irving TEXAS 75038
P: 19724449001
CEO: Scott D. Sheffield
Employees: 2076
Website: https://www.pxd.com/
Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply of crude into the global market.
Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian Basin as the company focuses on growing shale production after buying Pioneer Natural Resources Co. earlier this year.
A US Senate committee is investigating whether oil producers are illegally coordinating with OPEC to raise prices, following allegations that the former head of Pioneer Natural Resources Co. colluded with the cartel.
Scott Sheffield, the former head of Pioneer Natural Resources Co., has hired a powerful Washington, DC lobbying firm after the US Federal Trade Commission said he tried to collude with OPEC.
We also talk about big oil and chat with Tom Chivers, author of "Everything Is Predictable: How Bayesian Statistics Explain Our World."
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