Pioneer: 1997 - 2005 Deepwater / International Focus North Slope Expanded into Deepwater and International Onshore U.S. considered mature Low commodity prices Growth through exploration Raton Hugoton Tunisia West…
Pioneer: 2011 Back to Our Roots Barnett Shale Combo Spraberry Liquids & Gas Oil & Gas 65,000 Acres 900,000 Acres 200+ MMBOE Resource 500 MMBOE Proved 600+ Drilling Locations 1,150+ MMBOE Resource 2 Rigs Running; Increasing to 4…
Stock Performance Chart: 2006- February 2011 250% Onshore U.S. Onshore U.S. Restructuring Portfolio Economic Downturn Liquids Focus Focus 200% S&P 500 Oil & Gas Index 150% % of Base Price 100% Pioneer 50% PXD…
The U.S. Unconventional Oil Revolution Bakken/Three Forks Niobrara Granite Wash Spraberry/ Avalon/ Wolfcamp Barnett Bone Springs/ Combo Wolfcamp Eagle Ford U.S. petroleum imports totaled 11.6 MMBD for January,…
Bakken/Three Forks Production Growth Forecast Bakken/Three Forks production forecasted to grow from 5% of total domestic oil supply in 2005 to 15% in 2015 1,200 200 rigs Historical Forecast 1,000 Oil Production (MOEPD)…
Spraberry, Dean & Wolfcamp Production History 400 250+ rigs (50-year high) 350 New producers moving into the play: Occidental, Apache, Devon, EOG, Chesapeake, Concho, El Paso, Approach, and Chevron 300 Production (MBOEPD)…
Eagle Ford Shale Production Growth Forecast1 800 Gross resource potential of play: 150 TCF2 4.5 Million Acres1 160 rigs 700 Historical Forecast 600 Production (MBOEPD) 500 400 138 rigs 300 38 rigs 200 26 rigs…
Pioneers Eagle Ford Shale & Spraberry Assets Provide Substantial Growth Pioneers Eagle Ford Shale and Spraberry gross production increases to 500 MBOEPD by 2020 (60% liquids) 500 400 Gross Production (MBOEPD) 300…
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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