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Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil.
An Exxon gas station is seen in Houston, Texas, U.S., April 30, 2019. ... Exxon Mobil is laying off nearly 400 employees in Texas after a recent merger with fellow oil and gas company Pioneer ...
The deal with Pioneer Natural vastly expands Exxon's presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico. Drilling the Permian accounted for 18 ...
Keck was one of the first oilmen to move his business to Houston, Texas, [5] and by 1931, the company had wells in Texas, Oklahoma, Nebraska, Louisiana and Venezuela. [6] In 1933, the company was the first to use a reflection seismograph to help with finding hydrocarbons. [4] The company was also a "pioneer" in deep offshore drilling. [11]
Margins matter. The more Pioneer Drilling (ASE: PDC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
During the COVID pandemic, Sheffield petitioned the Texas Railroad Commission to curtail oil production in order to raise oil prices. [12]In May 2024, during its antitrust review of ExxonMobil's acquisition of Pioneer Natural Resources, the Federal Trade Commission (FTC) alleged that Scott Sheffield had illegally colluded with OPEC and OPEC+, a related cartel of oil-producing countries, to ...
Pioneer Natural Resources Reports Year-End 2012 Proved Reserves and Finding Costs DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE: PXD) ("Pioneer" or "the Company") today ...
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]