Text Size:
A | A

Pioneer Natural Resources Flourishes In U.S. Shale Fields

Text Size: A | A
Bloomberg
March 11, 2014

Pioneer Natural Resources Co., the top energy stock in the S&P 500 last year, is tripling drilling in shale fields as international energy explorers five times its size recoil from losses on the U.S. oil renaissance, Bloomberg said March 10.

Pioneer is expanding its fleet of drilling rigs in the northern part of Texas’ Spraberry field to 16 from five this quarter after striking reservoirs so rich that some wells are expected to pump as much as 1 million barrels of crude during their lifespans. Pioneer’s wildcatting bucks the trend ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription