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SummaryPioneer Natural Resources Company (Pioneer) is an independent oil and natural gas exploration and production company. Its principally operates in Eagle Ford Shale, Permian Basin, Raton Basin, and West Panhandle. In Permian Basin, the company carries out its exploration and production activities in Spraberry field. Its upstream activities in West Panhandle are focused on the Red Cave, Brown Dolomite, Granite Wash and fractured Granite formations. For supporting its exploration and production activities, the company utilizes its owned fracture stimulation fleets and other field service equipment, including pulling units, fracture stimulation tanks, water transport trucks, hot oilers, blowout preventers, construction equipment and fishing tools. It also owns interests in gas processing plants and treating facilities. Pioneer is headquartered in Irving, Texas, the US.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.ScopeThe 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 buyThe 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 ContentsTable of Contents 2List of Tables 4List of Figures 5Company Snapshot 7Key Information 7Company Overview 7Pioneer Natural Resources Company, Valuation and Financial Data 8Pioneer Natural Resources Company, Share Price Performance 8Share Price Performance, Q4, 2015-Q4, 2016 8Pioneer Natural Resources Company, Key Valuation Metrics 9Key Valuation Metrics, Q4, 2015-Q4, 2016 9Pioneer Natural Resources Company, Quarterly Results of Oil & Gas Operations Per boe Produced 10Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11Pioneer Natural Resources Company, Quarterly E&P Costs Trends 12Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12Pioneer Natural Resources Company, Quarterly Production Trends 13Pioneer Natural Resources Company, Total Oil and Gas Production 13Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 15Pioneer Natural Resources Company, Crude Oil Production 16Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 16Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 17Pioneer Natural Resources Company, Natural Gas Production 18Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 18Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 19Pioneer Natural Resources Company, Valuation and Financial Data, 2012-2016 20Pioneer Natural Resources Company, Share Price Performance, 2012-2016 20Share Price Performance, 2012-2016 20Key Valuation Metrics, 2012-2016 21Pioneer Natural Resources Company, Production and Reserves Trends 22Total Oil and Gas, Reserves and Production 22Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 22Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 26Crude Oil/Liquids Production and Reserve 27Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27Crude Oil Production and Reserves By Country/Region, 2012-2016 28Crude Oil/Liquids Reserve Changes, 2012-2016 30Natural Gas Production and Reserve 31Natural Gas Production and Reserve Trend, 2012-2016 31Natural Gas Production and Reserves, By Country/Region, 2012-2016 32Natural Gas Reserve Changes, 2012-2016 34Total Crude Oil and Natural Gas Reserves Life Index 35Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36Pioneer Natural Resources Company, E&P Costs Trends 38Allocation of the Upstream Capital Expenditure 38Upstream Capital Expenditure, 2012-2016 38Acquisition Costs By Country/Region, 2012-2016 39Exploration and Development Costs, By Country/Region, 2012-2016 40Oil and Gas Cost Per boe, US$/boe 41Oil and Gas Cost Per boe, US$/boe, 2012-2016 41Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43Pioneer Natural Resources Company, Reserve Replacement Ratio 46Oil and Gas Production Replacement Ratio 46Oil and Gas Production Replacement Ratio, 2012-2016 46Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 49Pioneer Natural Resources Company, Results of Oil & Gas Operations Trend 53Oil and Gas Revenue and Expenses 53Oil and Gas Revenue and Expenses, 2012-2016 53Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 55Oil and Gas Revenue and Expenses, Per boe 58Oil and Gas Revenue and Expenses, By boe, 2012-2016 58Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 59Oil and Gas Performance Metrics 60Pioneer Natural Resources Company, Land Holdings and Well Data 61Developed and Undeveloped Acreage 61Gross and Net Developed and Undeveloped Acreage, 2012-2016 61Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 62Well Statistics 65Producible Oil and Gas Well, 2012-2016 65Producible Oil and Gas Well, By Country/Region, 2012-2016 66Exploration and Development Wells Drilled, 2012-2016 71Recent Developments 73Pioneer Natural Resources Company - Recent Developments 73May 03, 2017: Pioneer Natural Resources Reports First Quarter 2017 Financial And Operating Results 73Feb 07, 2017: Pioneer Natural Resources Reports Year-End 2016 Proved Reserves And Finding Costs 81Feb 07, 2017: Pioneer Natural Resources Reports Fourth Quarter 2016 Financial And Operating Results And Announces 2017 Capital Program 82Dec 13, 2016: City of Midland, Pioneer Natural Resources Partner to Use Reclaimed Wastewater 90Nov 01, 2016: Pioneer Natural Resources Reports Third Quarter 2016 Financial And Operating Results 91Oct 06, 2016: Encana To Boost Spending With Eye On Biggest U.S. Oil Patch 96Sep 06, 2016: Boron Capital Opens Non-Traditional Workforce Housing Facility In Midland As The Permian Basin Ramps Up Oil Production 96Jul 27, 2016: Pioneer Natural Resources Reports Second Quarter 2016 Financial And Operating Results 97May 19, 2016: Pioneer Natural Resources Company Chairman and CEO Scott D. Sheffield To Retire; Timothy L. Dove Named Successor 102Apr 25, 2016: Pioneer Natural Resources Reports First Quarter 2016 Financial And Operating Results 103Appendix 110Methodology 110Coverage 110Secondary Research 110Primary Research 111Data Information Sources 111Company Source 111SEC/Other Regulatory Filings 111Other Sources 111Expert Panel Validation 111Data Definition 112Oil and Gas Reserves 112Units of Measure 112About GlobalData 113Disclosure 113Disclaimer 113List of TablesTable 1: Pioneer Natural Resources Company, Key Facts 7Table 2: Pioneer Natural Resources Company, Share Price Performance, Q4, 2015-Q4, 2016 8Table 3: Pioneer Natural Resources Company, Key Valuation Metrics, Q4, 2015-Q4, 2016 9Table 4: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10Table 5: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11Table 6: Pioneer Natural Resources Company, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12Table 7: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 14Table 8: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15Table 9: Pioneer Natural Resources Company, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16Table 10: Pioneer Natural Resources Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17Table 11: Pioneer Natural Resources Company, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18Table 12: Pioneer Natural Resources Company, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19Table 13: Pioneer Natural Resources Company, Share Price Performance, 2012-2016 20Table 14: Pioneer Natural Resources Company, Key Valuation Metrics, 2012-2016 21Table 15: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23Table 16: Pioneer Natural Resources Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25Table 17: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26Table 18: Pioneer Natural Resources Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27Table 19: Pioneer Natural Resources Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29Table 20: Pioneer Natural Resources Company, Crude Oil Reserve Changes, mmbbl, 2012-2016 30Table 21: Pioneer Natural Resources Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31Table 22: Pioneer Natural Resources Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33Table 23: Pioneer Natural Resources Company, Natural Gas Reserve Changes, bcf, 2012-2016 34Table 24: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, Years, 2012-2016 35Table 25: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37Table 26: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, 2012-2016 38Table 27: Pioneer Natural Resources Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39Table 28: Pioneer Natural Resources Company, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40Table 29: Pioneer Natural Resources Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42Table 30: Pioneer Natural Resources Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 45Table 31: Pioneer Natural Resources Company, Oil and Gas Production Replacement Ratio, %, 2012-2016 47Table 32: Pioneer Natural Resources Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 52Table 33: Pioneer Natural Resources Company, Revenue and Expenses, US$ mil, 2012-2016 54Table 34: Pioneer Natural Resources Company, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 57Table 35: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 58Table 36: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 59Table 37: Pioneer Natural Resources Company, Oil and Gas Performance Metrics, 2012-2016 60Table 38: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 61Table 39: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 64Table 40: Pioneer Natural Resources Company, Producible Oil and Gas Wells, 2012-2016 65Table 41: Pioneer Natural Resources Company, Producible Oil and Gas Wells, By Country/Region, 2012-2016 70Table 42: Pioneer Natural Resources Company, Exploratory and Developed Wells, 2012-2016 72List of FiguresFigure 1: Pioneer Natural Resources Company, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8Figure 2: Pioneer Natural Resources Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9Figure 3: Pioneer Natural Resources Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10Figure 4: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12Figure 5: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13Figure 6: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15Figure 7: Pioneer Natural Resources Company, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16Figure 8: Pioneer Natural Resources Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17Figure 9: Pioneer Natural Resources Company, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18Figure 10: Pioneer Natural Resources Company, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19Figure 11: Pioneer Natural Resources Company, Share Price Performance, USD/Share, 2012-2016 20Figure 12: Pioneer Natural Resources Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21Figure 13: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22Figure 14: Pioneer Natural Resources Company, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24Figure 15: Pioneer Natural Resources Company, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24Figure 16: Pioneer Natural Resources Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26Figure 17: Pioneer Natural Resources Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27Figure 18: Pioneer Natural Resources Company, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28Figure 19: Pioneer Natural Resources Company, Oil Production, By Country/Region, mmbbl, 2012-2016 28Figure 20: Pioneer Natural Resources Company, Crude Oil Reserve Changes, mmbbl, 2016 30Figure 21: Pioneer Natural Resources Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31Figure 22: Pioneer Natural Resources Company, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32Figure 23: Pioneer Natural Resources Company, Gas Production, By Country/Region, bcf, 2012-2016 32Figure 24: Pioneer Natural Resources Company, Natural Gas Reserve Changes, bcf, 2016 34Figure 25: Pioneer Natural Resources Company, Oil and Gas Reserves Life Index, Years, 2012-2016 35Figure 26: Pioneer Natural Resources Company, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36Figure 27: Pioneer Natural Resources Company, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36Figure 28: Pioneer Natural Resources Company, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 37Figure 29: Pioneer Natural Resources Company, Upstream Capital Expenditure, US$ mil, 2012-2016 38Figure 30: Pioneer Natural Resources Company, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39Figure 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 41Figure 32: Pioneer Natural Resources Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 43Figure 33: Pioneer Natural Resources Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 43Figure 34: Pioneer Natural Resources Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 44Figure 35: Pioneer Natural Resources Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 46Figure 36: Pioneer Natural Resources Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 49Figure 37: Pioneer Natural Resources Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 49Figure 38: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50Figure 39: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50Figure 40: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 51Figure 41: Pioneer Natural Resources Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 51Figure 42: Pioneer Natural Resources Company, Revenue and Expenses, US$ mil, 2012-2016 53Figure 43: Pioneer Natural Resources Company, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 55Figure 44: Pioneer Natural Resources Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55Figure 45: Pioneer Natural Resources Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56Figure 46: Pioneer Natural Resources Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 58Figure 47: Pioneer Natural Resources Company, Oil and Gas Performance Metrics, 2012-2016 60Figure 48: Pioneer Natural Resources Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 61Figure 49: Pioneer Natural Resources Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 62Figure 50: Pioneer Natural Resources Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 62Figure 51: Pioneer Natural Resources Company, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 63Figure 52: Pioneer Natural Resources Company, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 63Figure 53: Pioneer Natural Resources Company, Producible Oil and Gas Wells, 2012-2016 65Figure 54: Pioneer Natural Resources Company, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 66Figure 55: Pioneer Natural Resources Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 66Figure 56: Pioneer Natural Resources Company, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 67Figure 57: Pioneer Natural Resources Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 67Figure 58: Pioneer Natural Resources Company, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 68Figure 59: Pioneer Natural Resources Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 68Figure 60: Pioneer Natural Resources Company, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 69Figure 61: Pioneer Natural Resources Company, Exploratory and Developed Wells, 2012-2016 71