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INVESTOR OVERVIEW – Pioneer Natural Resources Co.

Pioneer Natural Resources Co. · Jun 5, 2012 · 13 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. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 1
    Investor Overview June 2012
  2. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 2
    Pioneers Liquids-Rich Growth Areas 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…
  3. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 3
    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…
  4. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 4
    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…
  5. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 5
    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…
  6. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 6
    PXDs Horizontal Wolfcamp Shale Target Intervals Wolfcamp A and B intervals are primary Dean targets Highest OOIP among Wolfcamp intervals over Wolfcamp A (Upper Wolfcamp) PXD acreage Currently focusing on Wolfcamp B Wolfcamp A…
  7. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 7
    Horizontal Wolfcamp Shale Activity Ramping Up 400,000 acres potentially prospective Focused on holding acreage in southern 200,000 acres during 2012 and 2013 XBC Giddings Estate Currently targeting Wolfcamp B interval with First Two…
  8. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 8
    Spraberry Vertical Deeper Drilling Results 6,000 ft Upper Clear- Current Spraberry 40-acre type curve EUR including Lower Wolfcamp: 140 MBOE Spraberry fork Strawn Results 81 vertical wells put on production during Q1…
  9. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 9
    Spraberry Vertical Drilling Program 6,000 ft Upper Clear- 2012 Vertical Drilling Program Spraberry fork Currently running 40 vertical rigs; decreasing to 30 during 2H Spraberry Deepest Interval 2012 Blended Before…
  10. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 10
    Eagle Ford Shale Operational Update Drilled 28 wells in Q1 2012; 26 wells put on production Running 12 rigs Current gross well cost: 7 MM - 8 MM 2012 drilling program before-tax IRR1 70%; impacted by low gas prices 2012 drilling…
  11. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 11
    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…
  12. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 12
    Why Invest In PXD Significant Upside Potential From: Oil exposure from proved reserves + estimated resource potential of 5 BBOE and 30,000 drilling locations Aggressive Spraberry & Eagle Ford Shale drilling program Extensive…
  13. INVESTOR OVERVIEW – Pioneer Natural Resources Co. – slide 13
    Certain Reserve Information Cautionary Note to U.S. Investors --The U.S. Securities and Exchange Commission (the SEC) prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other…

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