Pioneer Stands by Plan to Ramp Up Texas Drilling

摘要

Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday the company is well - positioned to weather low oil prices and is sticking to its plan to ramp up drilling activity through the end of this year and into 2016. Speaking at the Barclays CEO Energy - Power conference in New York, Sheffield said Pioneer's financial position is strong and it intends to keep adding drilling rigs in its core operating areas despite persistently low oil prices.