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Pioneer Natural Resources Board of Directors Appoints New Board Member

DALLAS, Aug 31, 2011 (BUSINESS WIRE) --

Pioneer Natural Resources Company (NYSE:PXD) today announced that James Kenneth (Ken) Thompson has been appointed to its Board of Directors, effective immediately. Mr. Thompson will serve as an independent director under the board's appointment for a term that expires at Pioneer's 2014 annual shareholder meeting.

From 1974 to 2000, Mr. Thompson worked for ARCO in various technical and management roles with responsibilities in many of the regions in which Pioneer currently operates. During his years at ARCO, Mr. Thompson was ARCO's Executive Vice President of Asia-Pacific operations, Chairman, President and CEO of ARCO Alaska and the head of ARCO's oil and gas research and technology center. Mr. Thompson is currently the President and Chief Executive Officer of Pacific Star Energy, a private energy investment firm, and serves as Managing Director for the Alaska Venture Capital Group, a private oil and gas exploration firm. Mr. Thompson holds Bachelor of Science and honorary professional degrees in Petroleum Engineering from Missouri University of Science & Technology.

"We are honored that Ken has agreed to join our Board of Directors," stated Scott D. Sheffield, Pioneer's Chairman and CEO. "Ken brings substantial knowledge of our industry with his extensive oil and gas experience leading operations in many of our core areas and managing many related disciplines including strategic planning, engineering, environmental, risk management, safety and regulatory compliance. These strengths complement the expertise currently represented on the board."

Mr. Thompson also serves as a director of Alaska Air Group, Inc., Coeur d'Alene Mines Corporation and Tetra Tech, Inc.

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

SOURCE: Pioneer Natural Resources Company

Pioneer Natural Resources
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