>Be PXD >Have 80-90% of assets in Wolfcamp TX >20 bn

Do they own any land where the oil was discovered?

What is the cause of their previous quarterly losses?

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>>1626709
I just discovered the company today. I can't say that I have done enough DD to render an opinion on its specific financial state. Although I will be doing DD concurrent with the life of this thread though. All I know about the land that they own is that they call it (or it's called) Wolfcamp A and Wolfcamp B, which compose 80% and 90% of their operations respectively. Also I read an article that said that PXD owns the most Wolfcamp land, which would make it second to the top in terms of potential oil repository ownership.

>>1626709
Pioneer Natural Resources Co. is the largest producer in Wolfcamp, holding over 800,000 acres of land. As of 2015, Pioneer was producing over 112 thousand barrels of oil per day. Pioneer believes the basin could hold as much as 75 billion barrels of oil, significantly more than the survey claims. If Pioneer were to take advantage of resources available they would solidify their position as the second largest producer in the world, second to majors in Saudi Arabia.

according to -> https://finance.yahoo.com/news/oil-majors-scrambling-acreage-booming-190000591.html

I'm going to guess that their quarterly losses were due to the fall in oil price, and the fact that they've more than doubled production since 2011 (which could be fan-fuckingtastic if oil rises)

>>1626713
>>1626725

https://pubs.usgs.gov/fs/2016/3092/fs20163092.pdf

The discovery seems to be fairly spread over the entire area which is promising.

I'm surprised they haven't made a press release.

>>1626752
Two (you)'s, thank you for this blessing. Also, choice pdf. I know about floater rigs, and the generations associated with those. I wonder what kind of oil drilling equipment they have, and if it's all up to date.

>>1626686
shameless self bump