SOURCE: Industrial Info Resources

Industrial Info Resources

November 03, 2011 06:15 ET

Pioneer Natural Resources Sees Production Soar in Third-Quarter 2011 From Texas Drilling, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 3, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In the third quarter of 2011, Pioneer Natural Resources (NYSE:PXD) (Dallas, Texas), a leading independent oil and gas exploration and production company, tripled its net income and nearly doubled its revenues when compared to the same quarter last year, as its three major liquids-rich assets in Texas -- in the Eagle Ford Shale, the Spraberry oil field and the Barnett Shale Combo -- played a leading role in boosting the company's production to about 128,000 barrels of oil equivalent per day. Net income for the quarter was reported to be $351.46 million, compared with $112.04 million in the third quarter of 2010.

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