Pioneer Triples Rigs in Permian’s Spraberry/Wolfcamp, Boosts Production

摘要

Pioneer Natural Resources Co. more than tripled the number of rigs it has deployed in the Permian Basin’s Spraberry and Wolfcamp formations during the first quarter of 2014, a move that helped the company beat its production guidance and grow its oil production. Dallas-based Pioneer said Tuesday production for the quarter was 172,000 boe/d, beating its production guidance of 166,000-171,000 boe/d. The production figure excludes discontinued operations in Alaska and the Barnett Shale (see Shale Daily, Oct. 25, 2013;