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Pioneer Declares Dividend on Common Shares

DALLAS--(BUSINESS WIRE)--Feb. 27, 2007--Pioneer Natural Resources Company (NYSE:PXD) announced today that its board of directors declared a cash dividend of $0.13 per share on Pioneer's outstanding common stock. The dividend is payable April 13, 2007 to stockholders of record at the close of business on March 30, 2007.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, with operations in the United States, Canada, South Africa and Tunisia. For more information, visit Pioneer's website at www.pxd.com.

CONTACT: Pioneer Natural Resources Company
Investors:
Frank Hopkins or Scott Rice, 972-444-9001
or
Media and Public Affairs:
Susan Spratlen, 972-444-9001

SOURCE: Pioneer Natural Resources Company

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