Pioneer Natural Resources Company Update

DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that the Company is not contemplating a significant business combination or other acquisition transaction.

About Pioneer

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 www.pxd.com.

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Investors

Tom Fitter - 972-969-1821

Greg Wright - 972-969-1770

Chris Leypoldt - 972-969-5834



Media and Public Affairs

Christina Voss - 972-969-5706

Source: Pioneer Natural Resources Company