Pioneer Southwest Energy Partners L.P.
Pioneer Southwest Energy Partners L.P. (NYSE: PSE) is a Delaware limited partnership formed by Pioneer Natural Resources Company (NYSE: PXD) to own and acquire oil and gas assets in Pioneer Southwest's area of operations, which consists of onshore Texas and eight counties in the southeast region of New Mexico. Pioneer Southwest's assets currently consist of non-operated working interests in approximately 1,100 identified producing wells in the Spraberry field in the Permian Basin of West Texas, with approximately 23 MMBOE of proved reserves as of December 31, 2008. Pioneer Southwest owns a 78% average working interest in these wells, and Pioneer Natural Resources is the operator. According to the Energy Information Administration, the Spraberry field is the fifth largest oil field in the United States and the only large onshore oil field that is growing. Recently published production information identifies Pioneer Natural Resources as the largest operator in the field, and Pioneer Southwest expects to benefit from that experience and scale of operations.
Contact Details
Executives
Chairman
Mr. Scott D. Sheffield
Pres
Mr. Timothy L. Dove