Related Articles
Forward article link
Share PDF with colleagues

Pioneer's startling Permian output-growth plans

Pioneer Natural Resources' growth plans will transform the company and points to a long bull run for Texas's prolific shale play

No single company has managed to ride the rise of the Permian shale as high as Pioneer Natural Resources. Over the past decade, the company has been transformed from a relatively obscure producer plugging away in a slowly dying oilfield in West Texas to one of the hottest growth stories in the industry. The latest step on that journey came in February, when the company outlined an ambitious plan to expand output from around 240,000 barrels of oil equivalent per day now to 1m boe/d over the next decade. To put that figure in a broader context, Pioneer could add about as much oil from the Permian as Petrobras plans to add in Brazil from the biggest deep-water expansion in oil-industry history

Also in this section
Latest licensing rounds
16 March 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
North Sea—life in the old dog
12 March 2018
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators
Nigeria targets local upstream players with marginal field round
7 March 2018
Reinvigorating production on acreage abandoned by the majors could be a tough task