Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Pioneer Natural Resources Co
March 2012 Investor Presentation
| Frank Hopkins | Page 3 of 11 |
March 22, 2017
View in Results
"March 2012 Investor Presentation"
View Full Document
Search by Text
Search by Slide
Cross reference your docFinder results against PLS' extensive news archives.
For demo or training contact Ernesto Sandoval,
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
3 ? U.S. asset base ? 2012 drilling program focused in four liquids-rich plays in Texas with substantial resource potential – Spraberry Vertical – Horizontal Wolfcamp Shale – Eagle Ford Shale – Barnett Shale Combo ? Forecasting 20+% compound annual production growth and 25+% compound annual operating cash flow growth through 20141 – FY 2011 production averaged 120 MBOEPD2, up 16% vs. FY 2010 ? Vertical integration substantially improving returns ? Attractive derivative positions protect margins; 80% coverage for oil and 90% coverage for gas in 2012 ? Strong financial position Investment Highlights 1) Commodity prices of $100/bbl oil and $3/mcf gas in 2012 and $100/bbl oil and $4/mcf gas in 2013 and 2014 2) Excludes discontinued operations related to the planned sale of South Africa (4 MBOEPD)