Pioneer Natural Resources Company Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 121 |  Published By: GlobalData | Format: PDF
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Summary

Pioneer Natural Resources Company Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Pioneer Natural Resources Company, Valuation and Financial Data 8
Pioneer Natural Resources Company, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Pioneer Natural Resources Company, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Pioneer Natural Resources Company, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Pioneer Natural Resources Company, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Pioneer Natural Resources Company, Quarterly Production Trends 13
Pioneer Natural Resources Company, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
Pioneer Natural Resources Company, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
Pioneer Natural Resources Company, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
Pioneer Natural Resources Company, Valuation and Financial Data, 2012-2016 20
Pioneer Natural Resources Company, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 22
Pioneer Natural Resources Company, Production and Reserves Trends 23
Total Oil and Gas, Reserves and Production 23
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 23
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 25
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 27
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 28
Crude Oil Production and Reserves By Country/Region, 2012-2016 29
Crude Oil/Liquids Reserve Changes, 2012-2016 31
Natural Gas Production and Reserve 32
Natural Gas Production and Reserve Trend, 2012-2016 32
Natural Gas Production and Reserves, By Country/Region, 2012-2016 33
Natural Gas Reserve Changes, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index 36
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 36
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 37
Pioneer Natural Resources Company, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2012-2016 39
Acquisition Costs By Country/Region, 2012-2016 40
Exploration and Development Costs, By Country/Region, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 44
Pioneer Natural Resources Company, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2012-2016 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 49
Pioneer Natural Resources Company, Results of Oil & Gas Operations Trend 54
Oil and Gas Revenue and Expenses 54
Oil and Gas Revenue and Expenses, 2012-2016 54
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 56
Oil and Gas Revenue and Expenses, Per boe 61
Oil and Gas Revenue and Expenses, By boe, 2012-2016 61
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 62
Oil and Gas Performance Metrics 65
Pioneer Natural Resources Company, Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2012-2016 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 67
Well Statistics 70
Producible Oil and Gas Well, 2012-2016 70
Producible Oil and Gas Well, By Country/Region, 2012-2016 71
Exploration and Development Wells Drilled, 2012-2016 76
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 78
Recent Developments 79
Pioneer Natural Resources Company - Recent Developments 79
Aug 14, 2017: $450 Billion Oil Discovery Could Be Game Changer For US Oil Industry 79
Aug 01, 2017: Pioneer Natural Resources Reports Second Quarter 2017 Financial And Operating Results 80
Jun 15, 2017: Pioneer Natural Resources appoints vice president of investor relations 86
May 03, 2017: Pioneer Natural Resources Reports First Quarter 2017 Financial And Operating Results 86
Feb 07, 2017: Pioneer Natural Resources Reports Year-End 2016 Proved Reserves And Finding Costs 95
Feb 07, 2017: Pioneer Natural Resources Reports Fourth Quarter 2016 Financial And Operating Results And Announces 2017 Capital Program 96
Dec 13, 2016: City of Midland, Pioneer Natural Resources Partner to Use Reclaimed Wastewater 104
Nov 01, 2016: Pioneer Natural Resources Reports Third Quarter 2016 Financial And Operating Results 105
Sep 06, 2016: Boron Capital Opens Non-Traditional Workforce Housing Facility In Midland As The Permian Basin Ramps Up Oil Production 110
Jul 27, 2016: Pioneer Natural Resources Reports Second Quarter 2016 Financial And Operating Results 111
Appendix 117
Methodology 117
Coverage 117
Secondary Research 117
Primary Research 118
Data Information Sources 118
Company Source 118
SEC/Other Regulatory Filings 118
Other Sources 118
Expert Panel Validation 118
Data Definition 119
Oil and Gas Reserves 119
Units of Measure 119
About GlobalData 120
Disclosure 120
Disclaimer 120

List of Tables
Table 1: Pioneer Natural Resources Company, Key Facts 7
Table 2: Pioneer Natural Resources Company, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Pioneer Natural Resources Company, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Pioneer Natural Resources Company, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Pioneer Natural Resources Company, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Pioneer Natural Resources Company, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Pioneer Natural Resources Company, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Pioneer Natural Resources Company, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Pioneer Natural Resources Company, Share Price Performance, 2012-2016 21
Table 14: Pioneer Natural Resources Company, Key Valuation Metrics, 2012-2016 22
Table 15: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 24
Table 16: Pioneer Natural Resources Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 26
Table 17: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 27
Table 18: Pioneer Natural Resources Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 28
Table 19: Pioneer Natural Resources Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 30
Table 20: Pioneer Natural Resources Company, Crude Oil Reserve Changes, mmbbl, 2012-2016 31
Table 21: Pioneer Natural Resources Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 32
Table 22: Pioneer Natural Resources Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 34
Table 23: Pioneer Natural Resources Company, Natural Gas Reserve Changes, bcf, 2012-2016 35
Table 24: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, Years, 2012-2016 36
Table 25: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 38
Table 26: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Table 27: Pioneer Natural Resources Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Table 28: Pioneer Natural Resources Company, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 41
Table 29: Pioneer Natural Resources Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Table 30: Pioneer Natural Resources Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 45
Table 31: Pioneer Natural Resources Company, Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Table 32: Pioneer Natural Resources Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 52
Table 33: Pioneer Natural Resources Company, Revenue and Expenses, US$ mil, 2012-2016 55
Table 34: Pioneer Natural Resources Company, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 60
Table 35: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Table 36: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 64
Table 37: Pioneer Natural Resources Company, Oil and Gas Performance Metrics, 2012-2016 65
Table 38: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 66
Table 39: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 69
Table 40: Pioneer Natural Resources Company, Producible Oil and Gas Wells, 2012-2016 70
Table 41: Pioneer Natural Resources Company, Producible Oil and Gas Wells, By Country/Region, 2012-2016 75
Table 42: Pioneer Natural Resources Company, Exploratory and Developed Wells, 2012-2016 77
Table 43: Pioneer Natural Resources Company, Exploratory and Developed Wells, By Country/Region, 2012-2016 78

List of Figures
Figure 1: Pioneer Natural Resources Company, Share Price Performance, USD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Pioneer Natural Resources Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: Pioneer Natural Resources Company, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: Pioneer Natural Resources Company, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: Pioneer Natural Resources Company, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: Pioneer Natural Resources Company, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: Pioneer Natural Resources Company, Share Price Performance, USD/Share, 2012-2016 20
Figure 12: Pioneer Natural Resources Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 22
Figure 13: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Figure 14: Pioneer Natural Resources Company, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 25
Figure 15: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 25
Figure 16: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 27
Figure 17: Pioneer Natural Resources Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 28
Figure 18: Pioneer Natural Resources Company, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 29
Figure 19: Pioneer Natural Resources Company, Oil Production, By Country/Region, mmbbl, 2012-2016 29
Figure 20: Pioneer Natural Resources Company, Crude Oil Reserve Changes, mmbbl, 2016 31
Figure 21: Pioneer Natural Resources Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 32
Figure 22: Pioneer Natural Resources Company, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 33
Figure 23: Pioneer Natural Resources Company, Gas Production, By Country/Region, bcf, 2012-2016 33
Figure 24: Pioneer Natural Resources Company, Natural Gas Reserve Changes, bcf, 2016 35
Figure 25: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, Years, 2012-2016 36
Figure 26: Pioneer Natural Resources Company, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 37
Figure 27: Pioneer Natural Resources Company, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 37
Figure 28: Pioneer Natural Resources Company, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 38
Figure 29: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Figure 30: Pioneer Natural Resources Company, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 31: Pioneer Natural Resources Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Figure 32: Pioneer Natural Resources Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 44
Figure 33: Pioneer Natural Resources Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 44
Figure 34: Pioneer Natural Resources Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 45
Figure 35: Pioneer Natural Resources Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Figure 36: Pioneer Natural Resources Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 49
Figure 37: Pioneer Natural Resources Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 49
Figure 38: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 39: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 40: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 41: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 42: Pioneer Natural Resources Company, Revenue and Expenses, US$ mil, 2012-2016 54
Figure 43: Pioneer Natural Resources Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 44: Pioneer Natural Resources Company, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 56
Figure 45: Pioneer Natural Resources Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 46: Pioneer Natural Resources Company, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 57
Figure 47: Pioneer Natural Resources Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 48: Pioneer Natural Resources Company, Production Costs, By Country/Region, US$ mil, 2012-2016 58
Figure 49: Pioneer Natural Resources Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 59
Figure 50: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Figure 51: Pioneer Natural Resources Company, Lifting Cost per boe, By Country/Region, $/boe, 2012-2016 62
Figure 52: Pioneer Natural Resources Company, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2012-2016 62
Figure 53: Pioneer Natural Resources Company, Total DD&A per boe, By Country/Region, $/boe, 2012-2016 63
Figure 54: Pioneer Natural Resources Company, Total Revenue per boe, By Country/Region, $/boe, 2012-2016 63
Figure 55: Pioneer Natural Resources Company, Oil and Gas Performance Metrics, 2012-2016 65
Figure 56: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 66
Figure 57: Pioneer Natural Resources Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 67
Figure 58: Pioneer Natural Resources Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 67
Figure 59: Pioneer Natural Resources Company, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 68
Figure 60: Pioneer Natural Resources Company, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 68
Figure 61: Pioneer Natural Resources Company, Producible Oil and Gas Wells, 2012-2016 70
Figure 62: Pioneer Natural Resources Company, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 71
Figure 63: Pioneer Natural Resources Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 71
Figure 64: Pioneer Natural Resources Company, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 72
Figure 65: Pioneer Natural Resources Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 72
Figure 66: Pioneer Natural Resources Company, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 73
Figure 67: Pioneer Natural Resources Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 73
Figure 68: Pioneer Natural Resources Company, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 74
Figure 69: Pioneer Natural Resources Company, Exploratory and Developed Wells, 2012-2016 76


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