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Pioneer Increases Semi-Annual Dividend on Common Shares
DALLAS, Aug 22, 2007 (BUSINESS WIRE) -- Pioneer Natural Resources Company (NYSE:PXD) announced today that its board of directors declared a cash dividend of $0.14 per share on Pioneer's outstanding common stock, an increase of approximately 8%. The semi-annual dividend is payable October 12, 2007 to stockholders of record at the close of business on September 28, 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.

SOURCE: Pioneer Natural Resources Company

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

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