Pioneer Natural Resources
Pioneer Natural Resources is a leading independent natural resources company shaping the future of energy. We produce low-cost and low-carbon-intensity oil and natural gas from Texas’ Permian Basin to provide reliable energy resources to communities around the world. At Pioneer, we embrace the value of a hard day’s work and the importance of doing things the right way, every day. We are driven by our high ethical and safety standards, not short-term financial gains. We shape trends and set examples; we don't follow them. Here, your energy fuels our innovation. Our most important resource is our people, who are challenged and celebrated as unique individuals with vibrant perspectives, experiences, identities and contributions. Joining our organization, you’ll bring your expertise, talent and drive to a team as committed to changing the future as you are. Join our team at www.pxd.com/careers.www.pxd.com
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Search complete. 8 mentions across 7 episodes found for "Pioneer Natural Resources".
Oct 13, 2026
Ben DellHOST
Today, I'm excited to be joined by Scott Sheffield, a man who built one of the largest unconventional oil and gas producers in the United States.
Ben DellHOST
Scott became CEO of Parker and Parsley in 1985 and founding CEO of Pioneer Natural Resources in 1997, running the business across nearly three decades.
Ben DellHOST
He retired in 2016, returned in 2019, and ultimately sold the company to ExxonMobil for around sixty billion dollars.
Ben DellHOST
He was one of the first to pioneer horizontal drilling in the Permian after years of drilling through it vertically and seeing production from both the Spraberry and the Wolfcamp.
Housley CarrNARRATOR
This has been especially true in the Permian Basin, the U.S.'s premier hydrocarbon play.
Housley CarrNARRATOR
a classic example being Pioneer Natural Resources' $7.6 billion acquisition of Parsley Energy and $6.4 billion purchase of DoublePoint Energy, both in 2021, which were followed by ExxonMobil's record-breaking $64.5 billion acquisition of Pioneer itself three years later.
Housley CarrNARRATOR
Other Permian producers have opted for a ground game, that is, foregoing splashy, big-dollar deals in favor of dozens, or even hundreds, of smaller transactions to gain heft nibble by nibble instead of gulp by gulp.
Housley CarrNARRATOR
Permian Resources is a case in point.
Housley CarrNARRATOR
U.S. growth has been driven primarily by the Permian Basin.
Housley CarrNARRATOR
ExxonMobil's Permian production averaged 1.62 million BOE per day in 2025, compared with a much smaller position five years earlier, with the 2024 Pioneer Natural Resources acquisition providing another major step up in scale.
Housley CarrNARRATOR
Permian output subsequently exceeded 1.8 million BOE per day in Q2 26, and ExxonMobil is targeting approximately 2.5 million BOE per day by the end of the decade.
Housley CarrNARRATOR
The shift is even more apparent in ExxonMobil's capital allocation.
Housley CarrNARRATOR
That target is also 200,000 BOE per day above ExxonMobil's previous 2030 forecast.
Housley CarrNARRATOR
with the company attributing the increase to stronger-than-expected technology gains and improved capital efficiency.
Housley CarrNARRATOR
The foundation for that growth was ExxonMobil's 2024 acquisition of Pioneer Natural Resources.
Housley CarrNARRATOR
The transaction more than doubled ExxonMobil's Permian footprint and created what the company describes as the basin's largest contiguous acreage position.
Arjun MurtiHOST
Definitely recommend you all go out and get it.
Arjun MurtiHOST
Scott, of course, was the long-running CEO of oil and gas exploration and production company Pioneer Natural Resources and its predecessor, Park & Parsley, and his tenure as CEO spanned over three decades.
Arjun MurtiHOST
He covered all four of those oil macro eras that we had highlighted a few weeks ago in our 20 Years of a View from Wall Street at Oxford podcast, our Super Spiked podcast series.
Arjun MurtiHOST
that discussed how corporate strategy needs to evolve depending on what macro era you're in and then how mature a given era is.
Jason IsaacGUEST
goals? So for all their existing infrastructure, all their equipment in the Permian Basin by 2030, they'd have to electrify everything.
Jason IsaacGUEST
And I use the term like their equipment because they bought Pioneer Natural Resources.
Jason IsaacGUEST
They're giving themselves a little bit of leeway on their equipment.
Jason IsaacGUEST
It's 2035.
Jim CramerHOST
Or another example.
Jim CramerHOST
No matter how much I might like the oil stocks at any given moment, I can't count on as a portfolio made up of Chevron, Pioneer Natural Resources, and I don't know what.
Jim CramerHOST
Think.
Jim CramerHOST
Give me ...
Kasey HohlGUEST
Uh, any industry will never let you get bored in supply chain, and I've always loved it.
Kasey HohlGUEST
So yeah, I actually started out in supply chain over at Pioneer Natural Resources-
Josh LowreyHOST
Okay
Kasey HohlGUEST
... before coming to Evolution.