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Pioneer Natural Resources Co
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Goldman Sachs Global Energy Conference 2013
| Tim Dove | Page 11 of 11 |
November 21, 2024
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"Goldman Sachs Global Energy Conference 2013"
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Horizontal Wolfcamp Shale Drilling Activity 11 ? Currently focused on holding ~50,000 acres in southern part of play during 2012 and 2013 -Expect to drill 90 wells by YE 2013 to hold acreage • 39 wells of the 90 wells drilled through Q4 2012 • 22 on production through Q4 2012 o 4 additional flowing back ? 5 rigs running during Q4 2012 -4 rigs drilling in southern area -5th rig focused on delineating northern acreage in Midland, Martin and Gaines counties • Substantial portion of Pioneer’s acreage position in these counties could be prospective ? Increasing to 7 rigs early Q1 2013 ? Currently targeting ~7,000’ laterals; testing longer laterals -Recently drilled first two 10,000’ laterals ? Early “development” well results confirm 7,000’ laterals can be drilled for ~$7 MM -Utilizing 85% Brady Brown® sand on all wells Southern Drilling Focus Area Northern Activity Underway