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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 ]
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in ...
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 ...
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.
Pioneer Drilling (ASE: PDC) reported earnings on May 8. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended March 31 (Q1), Pioneer Drilling beat expectations on ...
Reuben Carlton "Carl" Baker, Sr. [1] (July 18, 1872 – September 29, 1957 [1]) was an American oil industry drilling pioneer.He established Baker Oil Tools in 1907 after developing a casing shoe that revolutionized cable tool drilling.
Pioneer Drilling (ASE: PDC) reported earnings on Feb. 21. Here are the numbers you need to know. The 10-second takeawayFor the quarter ended Dec. 31 (Q4), Pioneer Drilling beat slightly on ...
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]