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Permian Operator Pioneer Natural Resources Beats on Fourth-quarter Profit
The winter storm last week in Texas will impact Pioneer Natural Resources’ production, focused solely in the Permian Basin, by about 30,000 to 55,000 bbl/d of oil and gas this quarter, the company said.
Occidental Petroleum Expects Winter Storm Impact on Permian Output to be Short-lived
Occidental Petroleum does not anticipate growing global production “at least this year,” says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.
Pioneer Says Output Dip Won’t Derail Variable Dividend Plans
Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are “minor in the grand scheme of things,” CFO Neal Shah said.