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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 ...
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.
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 ...
Pioneer Natural Resources was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc., owned by Thomas Boone Pickens. [2] In May 2016, CEO and chairman Scott D. Sheffield was succeeded by Timothy Dove. Sheffield returned to the roles in 2019 after Dove's retirement. [3] [4] In January 2024, Richard P. Dealy was named ...
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 ...
The Brazil Formation was named in 1902 for the city of Brazil, located in Clay County, Indiana. It originally included rocks between the bottom of the Petersburg Coal and the top of the Mansfield Sandstone. In 1922, a new survey resulted in restrictions to include only rocks between the Lower Block Coal Member and what was at the time called ...
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Crude oil production Natural oil seeps such as this in the McKittrick area of California were used by the Native Americans and later mined by settlers.. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled ...