Bairds 2015 Industrial Conference – Pioneer Natural Resources Co.

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Slides

Pioneer Proprietary Bairds 2015 Industrial Conference Scott Sheffield, Chairman and Chief Executive Officer November 10, 2015
Pioneer At A Glance 24 B 2.2 B 11 BBOE Top U.S. Fields By Rig Count1 Current 2015 Planned Proved (Pioneer Operated Count in Green 22 rigs) Enterprise CapEx Reserves + 328* 225* Value Net Resource 112 103 *max rig count in 2014 1.7 B…
Pioneers Areas of Operations Current Total Enterprise Value (B) 24 Q3 2014 Production 52% Oil (MBOEPD) 211 2015E Total Capital Spend, Net (B) 2.2 2015E Cash Flow (B) 1.5 2014 Horizontal Drillbit F&D (/BOE) 15.51 2014 Reserve…
Outlook Strong balance sheet with cash on hand of 0.6 B at the end of Q3 2015 Strong commodity derivative positions protect cash flow through 2016 Continue to forecast annual production growth of 15%+ (oil growth of 20%+) over the…
Targeting 15%+ Compound Annual Production Growth for 2016 - 20181 Strong growth in 2016-2018 reflects: Increasing well productivity Capital efficiency improvements 202 203 MBOEPD2 Strong well returns Increasing horizontal rig…