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ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co.

Pioneer Natural Resources Co. · May 8, 2012 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 1
    Robert W. Baird & Co. 2012 Growth Stock Conference May 8, 2012
  2. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 2
    Investment Highlights U.S. asset base Oil exposure from proved reserves + estimated resource potential of 5 BBOE and 30,000 drilling locations 3rd largest driller in the U.S. with 2012 drilling program focused in four liquids and…
  3. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 3
    Pioneer is the Third Most Active Driller in the U.S. Top U.S. Fields By Rig Count1 (Pioneer Operated Count in Green 58 rigs) 300 250 241 241 219 200 153 150 104 100 71 59 55 50 44 12 2 0 1) Source: ISI Group,…
  4. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 4
    Pioneer 2012: Back to Our Roots Barnett Shale Combo Liquids & Gas Spraberry Vertical 80,000 Gross Acres 90% Liquids 33 MMBOE Proved Reserves 900,000 Gross Acres 300 MMBOE Resource Potential 609 MMBOE Proved Reserves 1,400 Drilling…
  5. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 5
    Production Growth Targets MBOEPD 148 153 MBOEPD FY Guidance 147 120 104 46% 52% 58% 65% Liquids Liquids Liquids Liquids 1 1 1 2010 2011 Q1 Q2E-Q4E 2013E 2014E 2012 E 1) Reflects Tunisia and South Africa as…
  6. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 6
    2012E Capital Spending and Cash Flow1 Capital program includes: Drilling capital: 2.4 B 1,525 MM Spraberry Vertical Sensitivity to Commodity Prices ( MM) Includes 100 MM for infrastructure 8.00 275 MM Horizontal Wolfcamp Shale…
  7. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 7
    Substantial Operating Cash Flow Growth1 Billions 3.3 2.8 2.2 1.5 80% Revenue 90% Revenue From Liquids From Liquids 2011 2012E 2013E 2014E 1) Based on commodity prices of 100/bbl oil and 3/mcf gas for 2012 and 100/bbl…
  8. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 8
    Pioneers Vertical Integration Improves Returns and Enhances Execution Spraberry Barnett Shale Combo Eagle Ford Shale 6 frac fleets (20,000 HP each) 1 frac fleet 2 frac fleets (adding 45,000 HP by mid-year) 1 coiled tubing unit 2…
  9. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 9
    Derivative Philosophy Continue to use derivatives to mitigate commodity price exposure in order to insure funding for development programs and to maintain strong financial position Target 50% on rolling 3 year basis Continue to use a…
  10. ROBERT W BAIRD & CO 2012 GROWTH STOCK CONFERENCE – Pioneer Natural Resources Co. – slide 10
    Liquidity Position (3/31/12)1 Net debt (net of cash balance of 317 MM): 2.3 B Unsecured Senior Credit Facility availability: 1.1 B Net Debt-to-Book Capitalization: 28% Maturities and Balances2 2011 2012 2013 2016 2017 2018 2020…

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