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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pioneer Natural Resources Co | NYSE:PXD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 269.62 | 0 | 11:53:10 |
Delaware
|
1-13245
|
75-2702753
|
(State or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
|
|
|
5205 N. O'Connor Blvd., Suite 200, Irving, Texas
|
|
75039
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2016
|
|
Nine Months Ended September 30, 2016
|
||||
Noncash changes in fair value:
|
|
|
|
|||||||
|
Oil derivative losses
|
$
|
(92
|
)
|
|
$
|
(549
|
)
|
||
|
NGL derivative gains (losses)
|
2
|
|
|
(15
|
)
|
||||
|
Gas derivative losses
|
(5
|
)
|
|
(58
|
)
|
||||
|
Diesel derivative gains
|
2
|
|
|
2
|
|
||||
|
Interest rate derivative losses
|
—
|
|
|
(8
|
)
|
||||
|
|
Total noncash derivative losses, net
|
(93
|
)
|
|
(628
|
)
|
|||
|
|
|
|
|
|
|
||||
Net cash receipts on settled derivative instruments:
|
|
|
|
|||||||
|
Oil derivative receipts
|
168
|
|
|
471
|
|
||||
|
NGL derivative receipts
|
2
|
|
|
6
|
|
||||
|
Gas derivative receipts
|
14
|
|
|
56
|
|
||||
|
|
Total cash derivative receipts, net
|
184
|
|
|
533
|
|
|||
|
|
|
Total derivative gains (losses), net
|
$
|
91
|
|
|
$
|
(95
|
)
|
|
|
2016
|
|
Year Ending December 31,
|
||||||||
|
|
Fourth Quarter
|
|
2017
|
|
2018
|
||||||
Average Daily Oil Production Associated with Derivatives (Bbl):
|
|
|
|
|
|
|
||||||
Collar contracts:
|
|
|
|
|
|
|
||||||
Volume
|
|
—
|
|
|
6,000
|
|
|
—
|
|
|||
NYMEX price:
|
|
|
|
|
|
|
||||||
Ceiling
|
|
$
|
—
|
|
|
$
|
70.40
|
|
|
$
|
—
|
|
Floor
|
|
$
|
—
|
|
|
$
|
50.00
|
|
|
$
|
—
|
|
Collar contracts with short puts:
|
|
|
|
|
|
|
||||||
Volume
|
|
112,000
|
|
|
110,014
|
|
|
20,000
|
|
|||
NYMEX price:
|
|
|
|
|
|
|
||||||
Ceiling
|
|
$
|
75.94
|
|
|
$
|
62.02
|
|
|
$
|
65.14
|
|
Floor
|
|
$
|
65.41
|
|
|
$
|
49.06
|
|
|
$
|
50.00
|
|
Short put
|
|
$
|
47.03
|
|
|
$
|
41.03
|
|
|
$
|
40.00
|
|
Basis swap contracts (a):
|
|
|
|
|
|
|
||||||
Midland-Cushing index swap volume
|
|
6,630
|
|
|
—
|
|
|
—
|
|
|||
Price differential ($/Bbl)
|
|
$
|
(0.80
|
)
|
|
$
|
—
|
|
|
$
|
—
|
|
Average Daily NGL Production Associated with Derivatives:
|
|
|
|
|
|
|
||||||
Propane swap contracts (b):
|
|
|
|
|
|
|
||||||
Volume (Bbl)
|
|
6,000
|
|
|
—
|
|
|
—
|
|
|||
Price
|
|
$
|
21.51
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Ethane collar contracts (c):
|
|
|
|
|
|
|
||||||
Volume (Bbl)
|
|
—
|
|
|
3,000
|
|
|
—
|
|
|||
Price:
|
|
|
|
|
|
|
|
|
|
|||
Ceiling
|
|
$
|
—
|
|
|
$
|
11.83
|
|
|
$
|
—
|
|
Floor
|
|
$
|
—
|
|
|
$
|
8.68
|
|
|
$
|
—
|
|
Ethane basis swap contracts (d):
|
|
|
|
|
|
|
||||||
Volume (MMBtu)
|
|
2,768
|
|
|
—
|
|
|
—
|
|
|||
Price
|
|
$
|
0.91
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Average Daily Gas Production Associated with Derivatives (MMBtu):
|
|
|
|
|
|
|
||||||
Swap contracts:
|
|
|
|
|
|
|
||||||
Volume
|
|
70,000
|
|
|
—
|
|
|
—
|
|
|||
NYMEX price
|
|
$
|
4.06
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Collar contracts with short puts:
|
|
|
|
|
|
|
||||||
Volume
|
|
180,000
|
|
|
180,000
|
|
|
50,000
|
|
|||
NYMEX price:
|
|
|
|
|
|
|
||||||
Ceiling
|
|
$
|
4.01
|
|
|
$
|
3.49
|
|
|
$
|
3.40
|
|
Floor
|
|
$
|
3.24
|
|
|
$
|
2.91
|
|
|
$
|
2.75
|
|
Short put
|
|
$
|
2.78
|
|
|
$
|
2.43
|
|
|
$
|
2.25
|
|
Basis swap contracts:
|
|
|
|
|
|
|
||||||
Gulf Coast index swap volume (e)
|
|
10,000
|
|
|
—
|
|
|
—
|
|
|||
Price differential ($/MMBtu)
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Mid-Continent index swap volume (e)
|
|
15,000
|
|
|
45,000
|
|
|
—
|
|
|||
Price differential ($/MMBtu)
|
|
$
|
(0.32
|
)
|
|
$
|
(0.32
|
)
|
|
$
|
—
|
|
Permian Basin index swap volume (f)
|
|
34,946
|
|
|
9,863
|
|
|
—
|
|
|||
Price differential ($/MMBtu)
|
|
$
|
0.41
|
|
|
$
|
0.37
|
|
|
$
|
—
|
|
(a)
|
Represent swaps that fix the basis differential between Midland WTI and Cushing WTI.
|
(b)
|
Represent swaps that reduce the price volatility of forecasted propane sales by the Company at Mont Belvieu, Texas and Conway, Kansas-posted prices.
|
(c)
|
Represent collar contracts that reduce the price volatility of ethane forecasted for sale by the Company at Mont Belvieu, Texas-posted prices.
|
(d)
|
Represent basis swap contracts that reduce the price volatility of ethane forecasted for sale by the Company at Mont Belvieu, Texas-posted prices. The basis swaps fix the basis differential on a NYMEX Henry Hub (NYMEX HH) MMBtu equivalent basis. The Company will receive the NYMEX HH price plus the price differential on 2,768 MMBtu per day, which is equivalent to 1,000 Bbls per day of ethane.
|
(e)
|
Represent swaps that fix the basis differentials between the index price at which the Company sells its Gulf Coast and Mid-Continent gas, respectively, and the NYMEX HH index price used in gas swap and collar contracts with short puts.
|
(f)
|
Represent swaps that fix the basis differentials between Permian Basin index prices and southern California index prices for Permian Basin gas forecasted for sale in southern California.
|
|
PIONEER NATURAL RESOURCES COMPANY
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Margaret M. Montemayor
|
|
|
|
Margaret M. Montemayor,
|
|
|
|
Vice President and Chief Accounting Officer
|
|
|
|
|
|
|
|
|
|
Dated: October 18, 2016
|
|
|
|
1 Year Pioneer Natural Resources Chart |
1 Month Pioneer Natural Resources Chart |
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