Pioneer Hones in on Oily Plays, Halts Drilling New Dry Gas Wells

摘要

Pioneer Natural Resources is focusing exploration and production efforts purely on oil and liquids-rich targets, with a particular focus on a Permian Basin oil field and the Eagle Ford Shale in Texas. "We're not drilling any dry gas wells...[and] we haven't drilled any dry gas wells since 2008," Vice President of Investor Relations Frank Hopkins told investors last week. Hopkins was speaking at the Bank of America Merrill Lynch 2010 Global Investment Conference in Miami Beach, Florida.