Pioneer Natural Resources
American energy company / From Wikipedia, the free encyclopedia
For the unrelated Canadian gasoline retail brand, see Pioneer Energy.
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 Exxon Mobil.
Quick Facts Company type, Traded as ...
Company type | Defunct |
---|---|
NYSE: PXD | |
Industry | Petroleum industry |
Founded | 1997; 27 years ago (1997) |
Defunct | May 3, 2024; 25 days ago (2024-05-03) |
Fate | Acquired by Exxon Mobil |
Headquarters | Irving, 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) |
Revenue | US$24.294 billion (2022) |
US$7.845 billion (2022) | |
Total assets | US$35.740 billion (2022) |
Total equity | US$22.541 billion (2022) |
Number of employees | 2,213 (December 2023) |
Website | pxd |
Footnotes / references [1] |
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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]