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Pioneer Natural Resources Co
Permian Investor Presentation July 2012
| Timothy L. Dove | Page 5 of 11 |
March 11, 2014
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"Pioneer Natural Resources Co"
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5 U.S. asset base Oil exposure from proved reserves + estimated resource potential of >5 BBOE and 30,000 drilling locations 2012 drilling program focused in four liquids and resource rich plays in Texas Spraberry Vertical Horizontal Wolfcamp Shale Eagle Ford Shale Barnett Shale Combo Strong production growth profile Vertical integration substantially improving returns Attractive derivative positions protect margins Strong financial position Investment Highlights