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Pioneer Natural Resources Co
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Credit Suisse Energy Summit
| Scott Sheffield | Page 16 of 11 |
June 09, 2026
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Continuing to Successfully Grow Spraberry Production 2010 Q1 Q2 Q3 Q4 2012E 2013E 2014E 16 Spraberry Net Production1 (MBOEPD) 61 – 65 81 – 87 1) Includes expiration of VPP commitments (3 MBOEPD @ YE 2010 and 4 MBOEPD @ YE 2012) 2) Production from horizontal Wolfcamp Shale forecast at ~2 MBOEPD in 2012 3) Production forecast for 2013 and 2014 assumes the vertical rig count remains at ~30 rigs and the horizontal rig count increases to ~10 rigs 34 40 41 47 2011 45 MBOEPD (drilled 690 vertical wells) 96 – 103 53 Assumes 41 vertical rigs in Q1 declining to ~30 rigs by YE and 3 horizontal rigs in Q1 increasing to ~7 rigs by YE3 (~750 vertical wells and 30 - 35 horizontal wells) Includes production from Strawn, Atoka and Mississippian in vertical wells and horizontal Wolfcamp Shale wells2