Media Clips
News articles and links published by magazines, newspapers and websites that have covered Pioneer Natural Resources
On Jan. 19, Pioneer presented the Cuero ISD Education Foundation with a substantial sponsorship to help underwrite the Foundation’s concert fundraiser, which will be held in November and directly benefit faculty, staff and students.
View link »Pioneer has begun filling its pipeline with City of Odessa effluent water, marking the completion of the infrastructure for a deal expected to net the city more than $117 million.
View link »One educator from the Midland or Greenwood school districts will be featured on the front cover of The Midland Reporter-Telegram's Education section each Tuesday as a Classroom Pioneer. This recognition honors teachers and staff members who demonstrate innovation in the classroom.
"We are excited about the partnership with Pioneer because the Classroom Pioneers project will be another example of the company’s commitment to the community — in this case teachers. In sponsoring the Classroom Pioneers project, Pioneer will provide a $500 classroom stipend to every teacher/staff member honored."
View link »CEO Scott Sheffield is featured on the cover of the July/August issue of SHALE Magazine. The feature story chronicles his career and Pioneer's history, key milestones and current focus.
View link »Pioneer Natural Resources was added to the Fortune 500 list this year and is one of 15 companies that have risen more than any others in the past year. Pioneer debuts on the Fortune 500 as No. 496.
View link »In light of low oil prices, Permian producers are retrenching to protect their balance sheets. But if there is any basin that can generate economic returns in a soft market, it’s the Permian.
View link »Pioneer CEO Scott Sheffield has recently held talks with members of Congress, senators and Obama administration staff about removing the decades-old restriction on shipping unrefined crude overseas.
"We're making progress. We're educating people. I'm becoming more and more optimistic," Sheffield told CNBC's "Power Lunch" in an interview on the sidelines of the IHS CERAWeek energy conference in Houston.
View link »On April 1, Pioneer officials held the first in what is expected to be an annual event to emphasize the importance of safety to its contractors. More than 2,500 contractors attended to learn about Pioneer's increase expectations.
View link »The Midland Reporter-Telegram's annual Business Insider magazine features a cover article on Pioneer CEO Scott Sheffield and the "work hard, play hard" environment he and his 1,400 Permian Basin employees have created. “From a culture standpoint, Pioneer even today is tough to beat because everybody really enjoys working together,” an employee said.
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Scott Sheffield shares insight on oil industry's future »West Texas Intermediate crude oil is now down to $61 a barrel, and the bloodbath continues for oil company investors. Shares could definitely fall further; don’t expect any buying from institutional portfolio managers until January. But it’s time for the rest of us to start building an oil stock wish list. The two key elements: good rocks and low debt.
View link »Area officials joined Pioneer executives and employees in a homecoming celebration of sorts as the company opened its new Permian Basin Headquarters at 3617 N. Big Spring St. Beyond the commitment the building represents, “most importantly, they came back to where they started,” said state Rep. Tom Craddick.
View link »Not only does Pioneer reign as No. 1 in the large company category, it is also among the competition’s most consistent winners. Pioneer has made the Top 100 list every year since it launched it six years ago. Only 11 other companies can make that claim.
View link »The benefits of shale oil are bigger than many Americans realise. Policy has yet to catch up.
View link »Producers like Pioneer Natural Resources' CEO Scott Sheffield warn that a mounting glut of certain grades of oil in some regions of the country will eventually force a halt to unprofitable drilling if exports are not allowed.
View link »While financial analysts and policymakers were drooling over the natural gas potential of the Barnett Shale field in North Texas in 2008, Pioneer Natural Resources was drilling its first horizontal well in South Texas’ Eagle Ford Shale field. Pioneer was looking beyond the gas, for the field’s oil and “rich” hydrocarbon liquids potential. Later, when the Bakken Shale in North Dakota became the hot shale oil play, the company was already analyzing the Permian Basin’s Spraberry/Wolfcamp shale in West Texas and beginning to recognize its massive potential.
View link »Pioneer Natural Resources is one of only 16 companies that have placed in the Dallas Morning News' Top 100 Places to Work list all five years, coming in at No. 2 in the large company category for a second consecutive year.
Read article »The Spraberry/Wolfcamp Shale play near Midland is by far the biggest oil field in the country and the second largest in the world. It's bigger than the Bakken in North Dakota and bigger than the Eagle Ford Shale in South Texas in terms of recoverable oil. Only the infamous Ghawar oil field in Saudi Arabia has more.
What makes this area different is the various zones and the thickness of them, said Tim Dove, president and chief operating officer of Irving-based Pioneer. He explains stacked laterals in this video.
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An estimated 264 drilling rigs are punching holes in the Spraberry-Wolfcamp Shale, a massive oil play near Midland in West Texas that Pioneer Natural Resources CEO Scott Sheffield said could be one of the biggest in the country. Reporter Nicholas Sakelaris sits down with Sheffield to discuss Pioneer's 26 rigs in the area and trends in the industry today.
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Scott Sheffield has a quick word of advice to observers of the continuing oil boom in West Texas' venerable Permian Basin: Get used to the idea of exporting U.S. crude oil.
"We'll be exporting crude at some time. We'll have to," Sheffield, CEO of Irving-based Pioneer Natural Resources, told an audience at Hart Energy's DUG Permian Basin conference at the Fort Worth Convention Center. The annual meeting traditionally spotlighted the hometown Barnett Shale and other natural gas plays in the country. But with growing attention paid to the state's crude oil production, this year's gathering focused on West Texas.
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The first natural gas well in the Eagle Ford Shale was drilled in 2008 in LaSalle County in South Texas. There were 67 producing gas and 40 producing oil wells in the play by the end of 2009, according to statistic provided by the Texas Railroad Commission. That number has grown to 875 gas wells and 1,262 oil wells by the end of 2012.
"It has been an incredible play," says J.D. Hall, vice president, South Texas operations, for Pioneer Natural Resources. "I have done big projects before, but none of us were prepared for the pace and magnitude of the Eagle Ford. We are going as fast as humanly possible."
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The South Texas Energy and Economic Roundtable opened an office this week in San Antonio and launched its website, steer.com. The organization goal is to be a one-stop location for all Eagle Ford issues, and the place that connects the industry with the community. Founding STEER members include Eagle Ford operators Anadarko, Chesapeake Energy, ConocoPhillips, Marathon Oil andPioneer Natural Resources Company.
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Pioneer Natural Resources believes it is sitting on a major oil reserve that offers at least two decades of drilling opportunities. To develop these resources, the company has enlisted some help. It has reached an agreement to sell a 40 percent interest in the 207,000 net acres the company has leased in the southern portion of the Spraberry Trend to Sinochem Petroleum USA LLC, a U.S. subsidiary of the Sinochem Group, for a total of $1.7 billion.
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Three area companies aren't just the best places to work in Dallas-Fort Worth. The Container Store in Coppell, Park Place Dealerships in Dallas and Pioneer Natural Resources USA Inc. in Irving are among the Top 10 workplaces in America.
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Directors with the Permian Basin Petroleum Association late last year voted to present the association's Top Hand Award for 2012 to Scott Sheffield, chairman and chief executive officer of Pioneer Natural Resources. He will receive the award during a dinner Thursday, January 17 at Midland Center.
"When I get this honor, it's not just for my accomplishments but those of 3,500 employees," Sheffield said.
Read article »Pioneer Natural Resources is one of only 21 companies that have placed in the Dallas Morning News’ Top 100 Places to Work list all four years since the program's inception. This year, Pioneer was also recognized for Best Benefits.
Read article »If Midland voters approve Midland ISD’s $163.1 million elementary school bond proposal on Nov. 6, Pioneer Natural Resources will see its tax bill increase by more than $500,000 annually. It’s an increase Pioneer CEO and Chairman Scott Sheffield said his company is willing pay because having a quality education system in Midland is “very, very important to our 1,000 employees and the company.” Sheffield was one of four business leaders who spoke in support of MISD’s $163 million elementary school bond initiative Thursday in Centennial Plaza.
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Continuing previous donations and gifts to the Midland ISD Education Foundation, Pioneer Natural Resources announced it will donate $1 million to the district's Early College High School at Midland College during the next four years.
Read article »Little League programs in the cities of Karnes, Kenedy and Runge received financial support from Pioneer Natural Resources, an oil and gas company with South Texas operations. Pioneer is pleased to partner with organizations that provide opportunities for youth through education and community development.
View link »The story of the Permian Basin spans nearly a century as one of the oldest and most prolific hydrocarbon-producing basins in the U.S. But in the world in which oil is cash-flow king and gas is bust, the heretofore overlooked Wolfcamp oil shale in the southern Midland basin is fast garnering attention.
Read article »Dallas CASA Classic achieves status as highest grossing charity golf tournament in Dallas, thanks to Archon Group and Pioneer Natural Resources.
View link »When it comes to educating geoscientists, plenty of the learning happens outside the classroom. A substantial monetary donation from Pioneer Natural Resources will allow the Department of Geosciences in the School of Natural Sciences and Mathematics to send more students to outdoor laboratories, from a cross-country trip examining the tectonic processes that formed the western United States to exploring geologic wonders throughout New Mexico and Colorado.
Read article »Construction cranes will dot the Midland horizon this fall as Pioneer Natural Resources begins construction on a $50 million office building at ClayDesta on North Big Spring Street.
View link »A remarkable 34 companies made their way into The Dallas Morning News’ Top 100 Places to Work list for a third time, including Pioneer Natural Resources, which received the additional recognition of Best at Showing Appreciation.
Read article »Pioneer Natural Resources recently donated a sum of money to Victoria College for the VC Gonzales Center Expansion Project. Pioneer’s support toward this project will help VC with the expansion of facilities and resources that will provide educational and training programs to ensure a skilled workforce for this region.
Read article »Pioneer Natural Resources' proactive pollution prevention program has earned the company this year's Bruno Hanson/Midland College Award for Environmental Excellence. The award recognizes Pioneer's Permian spill management program and pollution prevention initiatives.
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