Pioneer Southwest Energy Company Description
It may not be as hip as the Beatles' version, but Pioneer Southwest Energy Partners is hoping for Spraberry Fields Forever. A limited partnership formed by Pioneer Natural Resources to own and acquire oil and gas properties in Spraberry field (in the Permian Basin of West Texas). In 2007 Pioneer Southwest reported proved reserves of 32.7 million barrels of oil equivalent and average production of 5,080 barrels per day. The oil and gas exploration company's properties consist of non-operated working interests in approximately 1,100 identified producing wells. Pioneer Natural Resources, an independent oil and gas exploration and production enterprise, controls 71% of the company.
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The Company Description provides a historical perspective of Pioneer Southwest Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Pioneer Southwest Energy's evolution in the marketplace.
