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Pioneer Natural Resources Announces New Executive Management Responsibilities

DALLAS--(BUSINESS WIRE)--Sep. 2, 2014-- Pioneer Natural Resources Company (NYSE:PXD) today announced the realignment of responsibilities for certain Executive Vice Presidents who are members of Pioneer’s Management Committee.

J.D. Hall has been named Executive Vice President, Southern Wolfcamp Operations. He will assume the responsibilities of William F. Hannes, who is moving to a strategic advisory role as Senior Vice President and Special Advisor to the Management Committee. Mr. Hall was previously Senior Vice President, South Texas Operations.

Kenneth H. Sheffield, Jr., previously Senior Vice President, Operations and Engineering, has been named Executive Vice President, South Texas Operations. In addition to executive oversight of Pioneer’s South Texas/Eagle Ford Shale assets, he will continue to have responsibility for Corporate Engineering.

Scott D. Sheffield, Pioneer’s Chairman and CEO, stated, “Pioneer’s assets provide an unprecedented opportunity for growth in production and net asset value. Our long-term strategy involves strategically positioning the leadership team as we focus on rapid growth in the Midland Basin and the Eagle Ford Shale.”

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

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer's actual results in future periods to differ materially from the forward-looking statements. These risks are described in Pioneer's 10-K and 10-Q Reports and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Pioneer undertakes no duty to publicly update these statements except as required by law.

Source: Pioneer Natural Resources Company

Pioneer Natural Resources
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