About Pioneer Natural Resources Company (PXD)

Company Description:

Pioneer Natural Resources Company, a leader in the energy sector, primarily operates in the oil and gas exploration and production (E&P) industry. The company has established itself as a significant player in the extraction and sale of oil and natural gas.

Founded in 1997 through the merger of Parker & Parsley Petroleum Company and MESA Inc., Pioneer Natural Resources is headquartered in Irving, Texas, United States. This strategic union leveraged the strengths of both entities to create a robust operation in the energy sector.

Main Product(s):

Pioneer Natural Resources is engaged in hydrocarbon exploration and focuses on the production of oil and natural gas.

Short History of Pioneer Natural Resources Company:

• 1997 – Founded through the merger of Parker & Parsley Petroleum Company and MESA Inc.
• Early 2000s – Focused on developing and expanding its assets in the Permian Basin.
• 2016 – Announced significant oil discovery in the Spraberry/Wolfcamp area.
• 2020 – Acquired Parsley Energy, Inc., expanding its footprint in the Permian Basin.
• 2021 – Acquired DoublePoint Energy, further consolidating its presence in the Permian Basin.