Texas-focused Pioneer Natural Resources said its output topped 200,000 barrels of oil equivalent per day for the first time during the fourth quarter, and the independent sees continued growth this year despite scaledback operations in response to slumping crude prices. The Dallas-based company said its capital spending would slide 45% lower to $1.85 billion this year compared to 2014, while still projecting output growth of roughly 10%, including a 20% increase in oil output.
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