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Winter Weather Impacts Pioneer's Production

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Business Wire
December 2, 2013

Pioneer Natural Resources Co. (NYSE: PXD) announced on Nov. 27 that severe winter weather in Texas has significantly impacted the production and drilling operations in the Spraberry/Wolfcamp, Eagle Ford shale and Barnett shale combo plays.

The Spraberry/Wolfcamp area has been especially hard hit as heavy icing and low temperatures have resulted in extensive power outages, facilities freeze-ups, trucking curtailments and limited access to production and drilling facilities. An extensive recovery period is expected, and it is likely to be a few weeks before the full impact of this event can ...

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