Pioneer Natural Resources Co. reported unaudited consolidated earnings results and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues and other income of USD 831.587 million compared to USD 784.460 million a year ago. Income from continuing operations before income taxes were USD 168.529 million compared to USD 327.966 million a year ago. Income from continuing operations was USD 109.200 million compared to USD 210.263 million a year ago. Net income was USD 108.735 million compared to USD 220.958 million a year ago. Net income attributable to common stockholders was USD 100.663 million compared to USD 214.619 million a year ago. Diluted earnings per share from continuing operations attributable to common stockholders were USD 0.75 compared to USD 1.60 a year ago. Diluted net income attributable to common stockholders were USD 0.75 compared to USD 1.68 a year ago. Net cash provided by operating activities were USD 360.074 million compared to USD 426.086 million a year ago. EBITDAX was USD 566.747 million compared to USD 536.231 million a year ago. Net debt as of March 31, 2013, was USD 2.6 billion and net debt-to-book capitalization was 26%. For the quarter, the company reported producing 171,000 barrels oil equivalent per day, an increase from the fourth quarter of 2012 of 6,000 barrels oil equivalent per day, or 4%, as a result of continued strong production growth from the company's drilling programs in the liquids-rich Spraberry vertical, horizontal Wolfcamp Shale and Eagle Ford Shale areas. The company is operating 15 vertical rigs in the Spraberry field during 2013, which are expected to drill approximately 300 wells. The company estimates that 15 rigs to 20 rigs are required to keep vertical production flat. Approximately 90% of the 300 wells in the 2013 vertical drilling program are expected to be completed in the deeper Strawn, Atoka and Mississippian intervals. These rigs are required to meet continuous drilling obligations. The company drilled 75 vertical wells in the first quarter and placed 130 vertical wells on production as a result of decreasing the company's vertical frac bank by 55 wells. Production from deeper drilling continues to exceed expectations and contribute to production growth. The company's second quarter 2013 outlook for certain operating and financial items is provided. Production is forecasted to average 174,000 barrels oil equivalent per day to 179,000 barrels oil equivalent per day. This forecast assumes Pioneer will not experience any significant ethane recovery losses in the Spraberry/Wolfcamp area in the second quarter as a result of the new Driver gas processing plant, with a capacity of 200,000 barrels oil equivalent per day, which came on line in mid-April. The guidance for the second quarter also assumes that Pioneer does not reject ethane into the gas stream in any of the company's operating areas due to low ethane prices. The company's effective income tax rate is expected to range from 35% to 40%, based on current capital spending plans and the assumption of no significant unrealized derivative mark-to-market changes in the company's derivative position. The company’s capital program for 2013 remains at USD 3 billion including USD 2.75 billion for drilling, USD 25 million for vertical integration, USD 70 million for the expansion of the Brady, Texas, sand mine and USD 145 million for the company’s new Midland office building and several new field buildings.

Pioneer Natural Resources Co. Presents at IPAA Oil and Gas Investment Symposium, Apr-16-2013 12:05 PM. Venue: The Sheraton New York Hotel & Towers, 811 Seventh Avenue at 53(rd) Street, New York, NY 10019, United States. Speakers: Scott D. Sheffield, Chairman and Chief Executive Officer.

Pioneer Natural Resources Co. Presents at Credit Suisse Best of Breed Shale Symposium, May-15-2013 09:25 AM. Venue: New York, New York, United States. Speakers: Timothy L. Dove, President and Chief Operating Officer.