Pioneer Natural Resources is a holding company. Through its subsidiaries, Co. is an oil and gas exploration and production company. Co. explores for, develops and produces oil and gas reserves, and sells oil, natural gas liquid and gas units. Co. has field operations in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Barnett Shale Combo play in North Texas, the Raton field in southeastern Colorado, the Hugoton field in southwest Kansas, the West Panhandle field in the Texas Panhandle and Alaska. As of Dec 31 2012, Co. had proved reserves of 1.09 billion barrels of oil equivalent.
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