Pioneer Natural Resources (PXD) Tops Q4 EPS by 15c
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February 7, 2017 4:06 PM EST
DALLAS--(BUSINESS WIRE)--
Pioneer Natural Resources Company (NYSE: PXD) (Pioneer or the
Company) today announced that the Company added proved reserves
totaling 205 million barrels oil equivalent (MMBOE) during 2016 from
discoveries, extensions and technical revisions of previous estimates
(excludes negative price revisions of 58 MMBOE and net proved reserves
added of 3 MMBOE from acquisitions and divestitures). These drillbit
proved reserve additions equate to a drillbit reserve replacement of
232% of Pioneers full-year 2016 production of 88 MMBOE, which includes
production used for field fuel of 2.5 MMBOE.
The Companys substantial reserve additions of 205 MMBOE in 2016 were
primarily... More
February 7, 2017 4:05 PM EST
DALLAS--(BUSINESS WIRE)--
Pioneer Natural Resources Company (NYSE: PXD) (Pioneer or the
Company) today reported financial and operating results for the quarter
ended December 31, 2016, and announced the Companys capital program for
2017.
Pioneer reported a fourth quarter net loss attributable to common
stockholders of $44 million, or $0.26 per diluted share. Noncash
mark-to-market derivative losses of $142 million after tax were offset
by an income tax benefit attributable to tax credits for research and
experimental expenditures related to horizontal drilling and completion
innovations of $13 million, resulting in adjusted income (income
adjusted for noncash mark-to-market derivative losses... More
