Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations primarily in the Permian Basin.
Pioneer Natural Resources Company functions as an independent leader in the exploration and production of oil, natural gas liquids (NGLs), and natural gas within the United States. Operating primarily in the prolific Midland Basin of West Texas, the company is dedicated to discovering and developing substantial energy reserves that contribute to the nation's energy independence.
As of December 31, 2021, Pioneer Natural Resources Company reported significant reserves, including 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of natural gas. These reserves encompass both proved undeveloped and proved developed non-producing assets, highlighting the company's strategic focus on expanding its operational footprint and enhancing production capabilities.
Founded in 1997 and headquartered in Irving, Texas, Pioneer Natural Resources Company has established itself as a pivotal player in the energy sector, leveraging advanced technologies and innovative practices to maximize resource recovery and operational efficiency. With ownership interests in 11 gas processing plants, the company continues to drive growth while maintaining a strong commitment to sustainable development and environmental stewardship.