Pioneer Natural Resources
Encyclopedia
Pioneer Natural Resources Co. is an Irving, Texas
-based oil and gas company. The company was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc. In 2004, Pioneer Natural Resources merged with Evergreen Resources, Inc. The company has approximately 1700 employees worldwide.. It is listed on the S&P 500
.
Pioneer Natural Resources is historically a Texas-based oil company. Pioneer Natural Resources is the largest producer in the Spraberry Trend
Area in west Texas
and the Raton Basin
in southeastern Colorado
. It is one of the largest producers in the gas field around Hugoton, Kansas
and in the western part of the Texas Panhandle
. It is also active in south Texas.
In recent years, Pioneer Natural Resources has expanded internationally and has made major investments in Tunisia
and South Africa
. It is also active in Alaska
.
Pioneer Natural Resources' main business is the exploration and production of oil
, natural gas liquids, and gas reserves.
In August 2010 it was reported that India's Reliance Industries
purchased a significant stake in the shale gas assets of Pioneer.
In January 2011 Pioneer Natural Resources announced the sale of Tunisia Subsidiaries to OMV for $866 Million.
Irving, Texas
Irving is a city located in the U.S. state of Texas within Dallas County. According to the 2010 U.S. Census, the city population was 216,290. Irving is within the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated...
-based oil and gas company. The company was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc. In 2004, Pioneer Natural Resources merged with Evergreen Resources, Inc. The company has approximately 1700 employees worldwide.. It is listed on the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
.
Pioneer Natural Resources is historically a Texas-based oil company. Pioneer Natural Resources is the largest producer in the Spraberry Trend
Spraberry Trend
The Spraberry Trend is a large oil field in the Permian Basin of west central Texas, covering large parts of six counties, and having a total area of approximately . It is named for Abner Spraberry, the Dawson County farmer who owned the land containing the 1943 discovery well...
Area in west Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
and the Raton Basin
Raton Basin
The Raton Basin is a geologic structural basin in southern Colorado and northern New Mexico. It takes its name from Raton Pass and the town of Raton, New Mexico. In extent, the basin is approximately east-west, and north-south, in Huerfano and Las Animas Counties, Colorado, and Colfax County,...
in southeastern Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
. It is one of the largest producers in the gas field around Hugoton, Kansas
Hugoton, Kansas
Hugoton is a city in and the county seat of Stevens County, Kansas, United States. As of the 2010 census, the city population was 3,904.-History:...
and in the western part of the Texas Panhandle
Texas Panhandle
The Texas Panhandle is a region of the U.S. state of Texas consisting of the northernmost 26 counties in the state. The panhandle is a rectangular area bordered by New Mexico to the west and Oklahoma to the north and east...
. It is also active in south Texas.
In recent years, Pioneer Natural Resources has expanded internationally and has made major investments in Tunisia
Tunisia
Tunisia , officially the Tunisian RepublicThe long name of Tunisia in other languages used in the country is: , is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area...
and South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
. It is also active in Alaska
Alaska
Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...
.
Pioneer Natural Resources' main business is the exploration and production of oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
, natural gas liquids, and gas reserves.
In August 2010 it was reported that India's Reliance Industries
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
purchased a significant stake in the shale gas assets of Pioneer.
In January 2011 Pioneer Natural Resources announced the sale of Tunisia Subsidiaries to OMV for $866 Million.