Pioneer Natural Resources Co. is an Irving, Texas-based, large, independent oil and gas company. The company was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc. In 2004, Pioneer Natural Resources merged with Evergreen Resources, Inc. The company has approximately 3,900 employees. It is listed on the S&P 500.
Pioneer Natural Resources' main business is the exploration and production of oil, natural gas liquids, and gas reserves.
Pioneer Natural Resources is historically a Texas-based oil company. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. It is also one of the largest natural gas operators in southeastern Colorado's coal bed methane-rich Raton Basin and in the gas fields around Hugoton, Kansas and in the western part of the Texas Panhandle.
Its operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale and in Alaska’s Oooguruk oil field, where Pioneer became the first independent operator to produce oil on the North Slope in 2008.
In June 2010, Pioneer Resources announced a $1.15 billion Eagle Ford Shale joint venture with Reliance Industries.
In March 2012, Pioneer Natural Resources announced the $297 million acquisition of Carmeuse Industrial Sands, a silica sand manufacturer the company renamed Premier Silica.
In January 2013, Pioneer Resources announced a $1.7 billion agreement with Sinochem Petroleum USA LLC to sell 40 percent of interest in approximately 207,000 net acres leased in horizontal Wolfcamp Shale play.
Famous quotes containing the words pioneer, natural and/or resources:
“America is the civilization of people engaged in transforming themselves. In the past, the stars of the performance were the pioneer and the immigrant. Today, it is youth and the Black.”
—Harold Rosenberg (1906–1978)
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—Blaise Pascal (1623–1662)
“The great object of Education should be commensurate with the object of life. It should be a moral one; to teach self-trust: to inspire the youthful man with an interest in himself; with a curiosity touching his own nature; to acquaint him with the resources of his mind, and to teach him that there is all his strength, and to inflame him with a piety towards the Grand Mind in which he lives. Thus would education conspire with the Divine Providence.”
—Ralph Waldo Emerson (1803–1882)