Pioneer At A Glance 26 B 1.85 B 11 BBOE Top U.S. Fields By Rig Count2 Current 2015 Planned Proved (Pioneer Operated Count in Green 16 rigs) Enterprise CapEx Reserves + 328* Value Net Resource 150* 228* 117* 225* *max rig count in…
Global Crude Oil Production Growth: 2008 to 2014 4 3 Millions of BPD 2 1 - (1) (2) 4 Source: EIA, JODI, Turner Mason
U.S. and Texas Oil Production Growth Alaska North Slope Oil Shale Revolution 10 4.0 begins to declines Begins in 2009 Texas Oil Production per Day (MMBOPD) 9 3.5 U.S. Oil Production per Day (MMBOPD) 8 3.0 7 2.5 6 5…
Largest U.S. Oil Fields Estimated Recoverable Resource (BBOE)1 0 25 50 75 Spraberry/Wolfcamp Eagle Ford Shale Prudhoe Bay, AK Bakken Shale Delaware Basin East Texas Basin Midway-Sunset, CA Wilmington, CA Kuparuk River, AK Kern…
U.S. Oil Rig Count Estimated 100,000 energy related jobs 1,800 lost due to the oil price decline 1,600 1,400 Active U.S. Oil Rigs 1,200 1,000 800 600 400 200 - Jan-00 Jan-03 Jan-06 Jan-09 Jan-12 Jan-15 7…
U.S. Crude Oil Production 9.6 9.4 9.2 9.0 Millions of BPD 8.8 Weekly 8.6 Monthly 8.4 8.2 8.0 7.8 8 Source: EIA
U.S. Shale Oil Forecast Sensitivity to Oil Price U.S. Shale Crude and Condensate Production (MMB/D) 12.0 11.5 110-120 11.0 10.5 100-110 10.0 9.5 9.0 90-100 8.5 8.0 80-90 7.5 7.0 6.5 70-80 6.0 5.5 60-70 5.0 4.5 50-60 4.0…
U.S. Imports from OPEC at 28-year Low U.S. Imports of OPEC Oil and Petroleum Products Lowest Import Level Since April 1987 10 Source: EIA
Why These Benefits Occur if the Ban is Lifted Removing the ban creates a larger market for U.S. produced shale oil, resulting in: More crude oil production in the U.S. Increased crude oil exports from the U.S. Lower net crude…
Certain Reserve Information Cautionary Note to U.S. Investors --The SEC prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other than reserves, as that term is defined by the…